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
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