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Max Orlofsky Purchases Multifamily At 340 Mulry Lane In Lawrence For $1.1M

Property Image
SOLD
$1,100,000

New York

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MultiFamily3,000 SF
Sold 06/05/2025
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Property Image
SOLD

Max Orlofsky Purchases Multifamily At 340 Mulry Lane In Lawrence For $1.1M

340 Mulry Lane

See Similar Deals
MultiFamily3,000 SF
Sold 06/05/2025
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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

4 deals$5.1M volume
BROKER


Real Street NY
BROKERAGE

Details

SOLD
IMAGE: Ben Begun, Max Orlofsky & Elana Magreli DATE: 6/6/2025 ADDRESS: 340 Mulry Lane MARKET: Lawrence ASSET TYPE: Multifamily BUYER: Max Orlofsky SELLER: Pasqualina Petrillo BUYER'S REP: Ben Begun (@RealStreetNY) - Real Street NY SELLER'S REP: Elana Magreli (@ElanaMagreli) SALE PRICE: $1,100,000 UNITS: 3 ~ PPU: $366,666 SF: 3,000 ~ PPSF: $366

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Deal Type
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