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1044 Morris Avenue Bronx, Ny

Updated Sep 5, 2024

Moshe Sander Acquires Multifamily Property On Morris Avenue In Concourse Village For $750,000
SOLDMultiFamily

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.

Players

Jacob Stavsky

Stav Equities LLC

Broker

$175.8M

vol

30 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $227 per square foot on a published $750K for 3,300 square feet (2023).

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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

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