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1915 Morris Avenue

Gazivoda Realty Acquires 55-Unit Multifamily Property In Mt Hope Bronx For $3.4M
SOLDMultiFamily

Gazivoda Realty Acquires 55-Unit Multifamily Property In Mt Hope Bronx For $3.4M

1915 Morris Avenue

$3,400,000

$59/SF

Building Size

57,000 SF

Asset Type

MultiFamily

Closing

Apr 15, 2026

AI

A 55-unit elevator building located at 1915 Morris Avenue in the Mt Hope neighborhood of the Bronx has been sold for $3,400,000. The property encompasses a total square footage of 57,000, translating to a price per unit of $61,818 and a price per square foot of $60.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,400,000
  • Buyer: Gazivoda Realty
  • Seller: Annal Management
  • Units: 55
  • Square Feet: 57,000
  • Price Per Unit: $61,818
  • Price Per Square Foot: $60
  • Sale Date: April 15, 2026

Gazivoda Realty, through 1915 Morris LLC, facilitated the acquisition of the property from Annal Management, with the transaction completing on April 15, 2026.

Players

GR
Gazivoda RealtyBuyer
AM
Annal Management Seller

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

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93