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1228 Morris Avenue

Updated Aug 18, 2025

Ido Denti Of Bronx Development Group Represents Buyer In Bronx Multifamily Sale For $474,747
SOLDMultiFamily

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

Ido Denti

Bronx Development Group

Broker

$1.5M

vol

2 deals

Broker
Ido Denti

Ido Denti

Buyer

$1.5M

vol

2 deals

Buyer

Bronx MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $158 per square foot on a published $474.7K for 3,000 square feet (2025).

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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

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