Tony Lachmer Acquires Multifamily Asset At 1260-1276 Clay Avenue Bronx For $11M
1260 1276 Clay Avenue
$11,000,000
$220/SF
Building Size
49,918 SF
Asset Type
MultiFamily
Closing
May 20, 2025
AI
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.
Players
Bronx MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93