Tony Lachmer Acquires Multifamily Asset At 1260-1276 Clay Avenue Bronx For $11M
SOLD
$11,000,000
New York
See Similar DealsMultiFamily49,918 SF
Sold 05/21/2025
SOLD
Tony Lachmer Acquires Multifamily Asset At 1260-1276 Clay Avenue Bronx For $11M
1260 1276 Clay Avenue
See Similar DealsMultiFamily49,918 SF
Sold 05/21/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$220
Total Square Footage:49,918 SF
Transaction Type:Sale
The property asset involved in the transaction is a multifamily building located at 1260-1276 Clay Avenue in the Bronx. The sale price of the property was $11,000,000, with a total square footage of 49,918 and a price per square foot of $220.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,000,000
- Address: 1260-1276 Clay Avenue
- Market: Bronx
- Square Footage: 49,918
- Price per Square Foot: $220
- Buyer: Tony Lachmer
- Seller: David Friedman
- Brokers: Michael Nukho & Lukasz Przybylek - NuRealty Advisors
In this transaction, Tony Lachmer acted as the buyer, while David Friedman was the seller. The deal was facilitated by brokers Michael Nukho and Lukasz Przybylek, who represented the interests of their clients throughout the process.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,145.61
Annual Debt Service$625,747.34
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