Updated Apr 24, 2026
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
About this deal
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.
On the Map
$3,400,000
$59/SF
MultiFamily
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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