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1625 Benson Street

Updated Sep 2, 2025

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

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

About this deal

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.

On the Map

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$1,450,000

$78/SF

MultiFamily

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Players

Erik Yankelovich

Atlas Realty Group

Broker

$1.1B

vol

141 deals

Broker
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Bronx MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $78 per square foot on a published $1.5M for 18,535 square feet (2025).

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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

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