Max Orlofsky Purchases Multifamily At 340 Mulry Lane In Lawrence For $1.1M
SOLD
New York
See Similar DealsMultiFamily3,000 SF
Sold 06/05/2025
SOLD
Max Orlofsky Purchases Multifamily At 340 Mulry Lane In Lawrence For $1.1M
340 Mulry Lane
See Similar DealsMultiFamily3,000 SF
Sold 06/05/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$366
Total Square Footage:3,000 SF
Transaction Type:Sale
This multifamily asset located at 340 Mulry Lane in Lawrence comprises 3 units and spans a total of 3,000 square feet. The property has recently been sold for $1,100,000, resulting in a price per unit of $366,666 and a price per square foot of $366.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Units: 3
- Square Footage: 3,000
- Price Per Unit: $366,666
- Price Per Square Foot: $366
- Buyer: Max Orlofsky
- Seller: Pasqualina Petrillo
- Buyer's Representative: Ben Begun - Real Street NY
- Seller's Representative: Elana Magreli
Max Orlofsky acted as the buyer in this multifamily transaction, while Pasqualina Petrillo served as the seller. Ben Begun from Real Street NY represented the buyer, and Elana Magreli represented the seller in the deal.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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