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386 Main Street

Eliezer Lefkowitz Acquires Poughkeepsie Multifamily Property For $6.77M With Marcus & Millichap Brokers
SOLDMultiFamily

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

Matthew Gault

Marcus & Millichap

Broker

$25.9M

vol

4 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Poughkeepsie MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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