Krasniqi Family Acquires Multifamily Property From Lombardi Family In Bronx For $1.45M
1625 Benson Street
$1,450,000
$78/SF
Building Size
18,535 SF
Asset Type
MultiFamily
Closing
Jul 17, 2025
AI
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
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93