Updated Sep 5, 2024
Moshe Sander Acquires Multifamily Property On Morris Avenue In Concourse Village For $750,000
1044 Morris Avenue Bronx, Ny
$750,000
$227/SF
Building Size
3,300 SF
Asset Type
MultiFamily
Closing
Mar 31, 2023
About this deal
AI
The property involved in this transaction is a multifamily asset located at 1044 Morris Avenue in Concourse Village. The property spans 3,300 square feet and was sold for a price of $750,000, resulting in a price per square foot of $227. The buyer is Moshe Sander and the seller is Gary Dove. The deal was facilitated by broker Jacob Stavsky of Stav Equities LLC. The transaction involves a contract flip consisting of 14 Single Room Occupancy (SRO) units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $750,000
- Address: 1044 Morris Avenue
- Market: Concourse Village
- Buyer: Moshe Sander
- Seller: Gary Dove
- Broker: Jacob Stavsky - Stav Equities LLC
This transaction highlights the involvement of Moshe Sander as the buyer, Gary Dove as the seller, and Jacob Stavsky from Stav Equities LLC as the broker. The property, located at 1044 Morris Avenue in Concourse Village, consists of 14 SRO units. The sale price of $750,000 and the square footage of 3,300 indicate the value of the transaction.
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
21.15%
Cash-on-Cash
-6.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93