Updated Sep 5, 2024
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
About this deal
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.
On the Map
$4,150,000
$201/SF
MultiFamily
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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