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Krasniqi Family Acquires Multifamily Property From Lombardi Family In Bronx For $1.45M

Property Image
SOLD
$1,450,000
Yosef Katz
Shlomo Antebi
+ 1

New York

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MultiFamily18,535 SF
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Property Image
SOLD

Krasniqi Family Acquires Multifamily Property From Lombardi Family In Bronx For $1.45M

1625 Benson Street

See Similar Deals
MultiFamily18,535 SF
Sold
Yosef Katz
Shlomo Antebi
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$78
Total Square Footage:18535 SF
Transaction Type:Sale

The property asset involved in this transaction is a MultiFamily building located at 1625 Benson Street in the Bronx. The sale was completed for a total transaction amount of $1,450,000. This asset comprises 17 units, with a price per unit of approximately $85,294. The total square footage of the property is 18,535, which equates to a price per square foot of about $78.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,450,000
  • Units: 17
  • Price Per Unit: $85,294
  • Square Footage: 18,535
  • Price Per Square Foot: $78
  • Buyer: Krasniqi Family
  • Seller: Lombardi Family
  • Broker: Nate Pilchick - Atlas Realty Group

This transaction features the Krasniqi Family as the buyer, acquiring the asset from the Lombardi Family, the seller. The deal was facilitated by broker Nate Pilchick representing Atlas Realty Group, highlighting the involvement of key professionals in navigating the transaction process.

Players

Erik Yankelovich
124 deals$1B volume
BROKER

Yosef Katz
Atlas Realty Group
130 deals$1.1B volume
BROKER

Shlomo Antebi
Atlas Realty Group
135 deals$994.4M volume
BROKER

Nate Pilchick
Atlas Realty Group
12 deals$48.3M volume
BROKER

Details

SOLD
IMAGE: Nate Pilchick DATE: 7/18/2025 ADDRESS: 1625 Benson Street MARKET: Bronx ASSET TYPE: MultiFamily BUYER: Krasniqi Family SELLER: Lombardi Family BROKERS: Nate Pilchick - Atlas Realty Group (@ARG_NYC) SALE PRICE: $1,450,000 UNITS: 17 ~ PPU: $85,294 SF: 18,535 ~ PPSF: $78

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$77,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88