Updated Aug 15, 2025
Robby Itzkowitz Secures $840,000 Acquisition Loan For Multifamily Property In Bronx
1251 Morrison Avenue
$840,000
$210/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
Jul 1, 2025
About this deal
AI
The property asset involved in the transaction is located at 1251 Morrison Avenue in the Bronx, featuring a multi-family structure comprising 4,000 square feet and 4 units. The loan for this acquisition is set at $840,000 with a 30-year fixed-rate and an 80% loan-to-value ratio, along with flexible prepayment options.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $840,000
- Lender: IceCap Group
- Landlord: Robby Itzkowitz
- Broker: Isaac Blyakher - Blyakher Real Estate
- Loan Type: Acquisition
- Loan Terms: 30 Year Fixed Rate, 80% Loan to Value & Flexible Prepay
The deal was represented by Isaac Blyakher from Blyakher Real Estate, which specializes in providing tailored financing solutions for investment real estate, including acquisition, refinancing, and construction funding. For financing inquiries, interested parties can reach out to Isaac Blyakher via email or through the company's website.
On the Map
$840,000
$210/SF
MultiFamily
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Bronx MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
18.88%
Cash-on-Cash
-5.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93