Eliezer Lefkowitz Acquires Poughkeepsie Multifamily Property For $6.77M With Marcus & Millichap Brokers
386 Main Street
$6,770,000
$149/SF
Building Size
45,258 SF
Asset Type
MultiFamily
Closing
Jul 27, 2025
AI
The asset involved in this transaction is a MultiFamily property located at 386 Main Street, Poughkeepsie. The sale price was $6,770,000 for a total of 40 units, resulting in a price per unit of $169,250. The property comprises 45,258 square feet, which translates to a price per square foot of $149.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $6,770,000
- Units: 40
- Price Per Unit: $169,250
- Square Footage: 45,258
- Price Per Square Foot: $149
- Buyer: Eliezer Lefkowitz
- Brokers: Seth Glasser, Michael Fusco & Matthew Gault - Marcus & Millichap
- Date of Sale: 7/28/2025
The transaction was facilitated by brokers Seth Glasser, Michael Fusco, and Matthew Gault, representing the buyer Eliezer Lefkowitz. Their involvement highlights the professional engagement in the successful transfer of this multi-family asset.
Players
Poughkeepsie 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
2.34%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93