Daniel Lauchheimer & Josh Stein Of 3Y Realty Purchase Multifamily Asset In Menands For $30.25M
SOLD
$30,250,000
New York
See Similar DealsMultiFamily244,266 SF
Sold 11/01/2024
SOLD
Daniel Lauchheimer & Josh Stein Of 3Y Realty Purchase Multifamily Asset In Menands For $30.25M
Broadway
See Similar DealsMultiFamily244,266 SF
Sold 11/01/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$123
Total Square Footage:244,266 SF
Transaction Type:Sale
The property asset involved in the transaction is located at 587 Broadway - Village One Apartments in the Menands market. It is a multifamily asset with a sale price of $30,250,000, encompassing a total square footage of 244,266. The price per square foot stands at $123.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $30,250,000
- Square Footage: 244,266
- Price Per Square Foot: $123
- Address: 587 Broadway - Village One Apartments
- Market: Menands
- Buyer: Daniel Lauchheimer & Josh Stein - 3Y Realty
- Broker: Jonathan Weinstein - Pyramid Brokerage Company
Daniel Lauchheimer and Josh Stein from 3Y Realty are actively seeking to enhance their portfolio by acquiring more value-add multifamily units. They invite inquiries for deals involving 100+ units in New York, New Jersey, Connecticut, Delaware, or Pennsylvania through provided contact emails.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,613,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$107,471.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$143,400.43
Annual Debt Service$1,720,805.19
Is there something missing? Send suggestions