Sam Muratov & Ilya Muratov Acquire Multifamily Asset In Morris Heights For $4.37M With Ariel Property Advisors
1643 Popham Avenue
$4,366,666
$286/SF
Building Size
15,224 SF
Asset Type
MultiFamily
Closing
Nov 23, 2025
AI
The multifamily asset located at 1643-1645 Popham Avenue in the Morris Heights neighborhood of the Bronx has been sold for a transaction amount of $4,366,666. The building contains a total of 18 residential units, encompassing a square footage of 15,224 with a price per unit of $242,592 and a price per square foot of $286.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $4,366,666
- Address: 1643-1645 Popham Avenue
- Market: Morris Heights, Bronx
- Units: 18
- Price Per Unit: $242,592
- Square Footage: 15,224
- Price Per Square Foot: $286
- Buyer: Sam Muratov & Ilya Muratov
- Broker Representatives: Daniel Mahfar, Jason M. Gold, Jake Brody & Paul Monaco - Ariel Property Advisors
Ariel Property Advisors, representing the transaction, emphasizes their extensive portfolio, which includes over 2000 multifamily units available in the Bronx, featuring free market assets, rent stabilized properties, and value-add affordable portfolios.
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
3.63%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93