Marc Resnick Acquires Multifamily Property In New York City For $4.15M
1342 Saint Lawrence Avenue
$4,150,000
$201/SF
Building Size
20,620 SF
Asset Type
MultiFamily
Closing
May 10, 2023
AI
A multifamily property located at 1342 Saint Lawrence Avenue in New York City has been sold in a recent transaction. The property consists of 29 units with an average price per unit of $143,103. The total square footage of the property is 20,620, with an average price per square foot of $201. The sale price for the property was $4,150,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,150,000
- Address: 1342 Saint Lawrence Avenue, New York City
- Market: New York City
- Units: 29
- Price per Unit: $143,103
- Total Square Footage: 20,620
- Price per Square Foot: $201
The buyer in this transaction is Marc Resnick, while the seller is Sam Zherka. The deal was facilitated by broker Zachary Fuchs from GFI Realty Services.
Players
Market 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
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93