Eliezer Lefkowitz Acquires Poughkeepsie Multifamily Property For $6.77M With Marcus & Millichap Brokers
SOLD
$6,770,000
New York
See Similar DealsMultiFamily45,258 SF
Sold
SOLD
Eliezer Lefkowitz Acquires Poughkeepsie Multifamily Property For $6.77M With Marcus & Millichap Brokers
386 Main Street
See Similar DealsMultiFamily45,258 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$149
Total Square Footage:45258 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$361,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,052.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,093.25
Annual Debt Service$385,119.05
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