Gazivoda Realty Acquires 67-Unit Multifamily Building In Mt Hope For $4.3M

A multifamily building located at 1860 Morris Avenue in the Mt Hope market of the Bronx was sold for $4,300,000. The property encompasses 66,550 square feet and consists of 67 units in an elevator building, presenting an opportunity for cash flow, along with air rights. The price per square foot is calculated at $65.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,300,000
• Address: 1860 Morris Avenue
• Market: Mt Hope, Bronx
• Square Footage: 66,550
• Price per Square Foot: $65
• Buyer: Gazivoda Realty
• Seller: Gary Perlow & Amy Chasin

Gazivoda Realty, through 1860 Morris LLC, executed the purchase of the property from sellers Gary Perlow and Amy Chasin. This transaction highlights the involvement of notable individuals in the real estate sector and their strategies for enhancing cash flow through property investment.