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106-108 Marcy Place

Updated Dec 4, 2024

Abe Shalitsky Acquires Bronx Multifamily Asset From Jeffrey Schneider For $4.5 Million
SOLDMultiFamily

Abe Shalitsky Acquires Bronx Multifamily Asset From Jeffrey Schneider For $4.5 Million

106-108 Marcy Place

$4,500,000

$81/SF

Building Size

55,084 SF

Asset Type

MultiFamily

Closing

Nov 20, 2024

About this deal

AI

The property is a MultiFamily asset located at 106-108 Marcy Place in the Bronx, encompassing 55,084 square feet and consisting of 56 units. The sale price of the property was $4,500,000, resulting in a price per unit of $80,357 and a price per square foot of $81.

Summary of transaction details:

Abe Shalitsky was the buyer in this transaction, whereas Jeffrey Schneider was the seller, facilitated by the brokerage team from Rosewood Realty Group, which included Mike Kerwin, Aaron Jungreis, Ben Khakshoor, and Alex Fuchs.

On the Map

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$4,500,000

$81/SF

MultiFamily

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Players

Aaron Jungreis

Rosewood Realty Group

Broker

$4.6B

vol

216 deals

Broker
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Bronx MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $81 per square foot on a published $4.5M for 55,084 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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