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340 Mulry Lane

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

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

Elana Magreli

Broker

$5.1M

vol

4 deals

Broker
Real Street NY
Real Street NYBrokerage

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