Max Orlofsky Purchases Multifamily At 340 Mulry Lane In Lawrence For $1.1M
340 Mulry Lane
$1,100,000
$366/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
Jun 5, 2025
AI
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
Lawrence 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93