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Gazivoda Realty Acquires 55-Unit Multifamily Property In Mt Hope Bronx For $3.4M
SOLD
$3,400,000
New York
See Similar DealsMultiFamily57,000 SF
Sold 04/15/2026
SOLD
Gazivoda Realty Acquires 55-Unit Multifamily Property In Mt Hope Bronx For $3.4M
1915 Morris Avenue
See Similar DealsMultiFamily57,000 SF
Sold 04/15/2026
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$59
Total Square Footage:57,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
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