Jacob Stavsky Purchases Multifamily Property At 1357 Clay Avenue Bronx From Victorine Family For $620,000
1357 Clay Avenue
$620,000
$339/SF
Building Size
1,825 SF
Asset Type
MultiFamily
Closing
Apr 3, 2025
AI
The property involved in the transaction is a multifamily asset located at 1357 Clay Avenue in the Bronx. It features a sale price of $620,000 with two units, translating to a price per unit of $310,000. The building encompasses a total of 1,825 square feet, resulting in a price per square foot of $339.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $620,000
- Buyer: Jacob Stavsky
- Seller: Victorine Family
- Broker: Will Malamud - Stav Equities LLC
- Units: 2
- Square Footage: 1,825
- Price Per Unit: $310,000
- Price Per Square Foot: $339
Will Malamud of Stav Equities LLC represents the buyer in this transaction. He is actively sourcing opportunities for 2-5 family properties in the Bronx and invites discussions regarding value-add opportunities via his contact at [email protected].
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
25.59%
Cash-on-Cash
-7.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93