Updated Aug 18, 2025
Ido Denti Of Bronx Development Group Represents Buyer In Bronx Multifamily Sale For $474,747
1228 Morris Avenue
$474,747
$158/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
May 19, 2025
About this deal
AI
The property involved in this transaction is a multifamily asset located at 1228 Morris Avenue in the Bronx. The sale price of the property was $474,747, encompassing a total of 2 units. The building has a square footage of 3,000, which results in a price per square foot of $158. The price per unit amounts to $237,373.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $474,747
- Units: 2
- Square Footage: 3,000
- Price Per Unit: $237,373
- Price Per Square Foot: $158
- Buyer: Ido Denti
- Seller: Samson Daviadov
- Broker: Ido Denti - Bronx Development Group
- Date of Sale: 5/20/2025
- Market: Bronx
Ido Denti represented himself in this sale and is associated with Bronx Development Group. He is currently open to acquiring additional 2-5 family properties, inviting potential sellers to reach out at 917-756-1007 for opportunities regardless of property condition.
Players
Bronx 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
33.41%
Cash-on-Cash
-9.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93