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1342 Saint Lawrence Avenue

Marc Resnick Acquires Multifamily Property In New York City For $4.15M
SOLDMultiFamily

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

Zachary Fuchs

GFI Realty Services

Broker

$325.2M

vol

63 deals

Broker

Marc Resnick

Buyer

$11.2M

vol

3 deals

Buyer

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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