Stavsky and Orlofsky of Stav Equities acquire 4-unit walkup for $1 million

Bronx, NY Amid rising investor interest in workforce housing, Jacob Stavsky and Max Orlofsky of Stav Equities LLC have acquired 1159 Manor Ave. — a four-unit, fully-occupied walkup located in the Soundview section of the city — for $1 million.

The 3,280 s/f property, built in 1926, was sold by a private family that had owned the building for over 40 years. The off-market transaction was brokered by Rueben Lugassy of Twelve Stone Realty.

Each of the four apartments is a two-bedroom unit, leased to program tenants, providing stable, government-backed cash flow. The property falls under a 2A tax class, offering long-term protection against significant tax increases, and is zoned C4-2, allowing for potential future development.

“This acquisition reflects our focus on stable assets that offer tax protection, day-one cash flow, and long-term growth potential,” said Orlofsky.

With this latest acquisition, Stav Equities continues to expand its footprint in New York City’s outer boroughs, targeting value-driven properties in emerging neighborhoods with strong fundamentals and future upside.

Positioned near major retail corridors and multiple public transportation options, 1159 Manor Ave. is located in Soundview — a neighborhood undergoing rapid transformation and drawing increasing attention from both institutional and boutique multifamily investors.