Updated Nov 10, 2026
987 Ogden Avenue
987 Ogden Avenue & 989 Ogden Avenue
$2,825,000
$150/SF
Building Size
18,800 SF
Asset Type
MultiFamily
Closing
Oct 29, 2026
About this deal
AI
The property involved in this transaction is a multifamily asset located at 987 Ogden Avenue & 989 Ogden Avenue in the Bronx. It encompasses a total of 18,880 square feet and consists of 28 residential units. The property, built in 2016, is currently benefitting from a 15-year 421-a tax exemption.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,825,000
- Loan Type: Bridge
- Loan Terms: 18 Months
- Lender: Arion Fund
- Loan Originator: Eli Ben-Meir - Arion Fund
- Borrower: Ilya Muratov & Semyon Muratov
- Loan Financed: 78.82% of the purchase price
- Construction Reserve Financed: 100% for capital improvements
Eli Ben-Meir from Arion Fund was the loan originator for this transaction, representing the lender in providing the financing. The borrowers, Ilya Muratov and Semyon Muratov, are responsible for the repayment of the loan, which was secured to facilitate the purchase and rehabilitation of the property.
On the Map
$2,825,000
$150/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.62%
Cash-on-Cash
-1.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93