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1915 Morris Avenue

Updated Apr 24, 2026

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

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

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$3,400,000

$59/SF

MultiFamily

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Players

GR
Gazivoda RealtyBuyer
AM
Annal Management Seller
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Bronx MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $59 per square foot on a published $3.4M for 57,000 square feet (2026).

Browse Bronx multifamily sales on Traded.

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

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