Updated Oct 29, 2026
SOLDMultiFamily
Ronald Kandov Of Phantom Capital Purchases 25-Unit Multifamily Building In Tremont For $6.2M
1982 Belmont Avenue
$6,200,000
$307/SF
Building Size
20,144 SF
Asset Type
MultiFamily
Closing
Oct 8, 2026
About this deal
AI
A 25-unit residential building located at 1982 Belmont Avenue in the Tremont neighborhood of the Bronx has been sold for $6,200,000. The asset spans a total of 20,144 square feet, equating to $308 per square foot, and has a price per unit of $248,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $6,200,000
- Square Footage: 20,144
- Price per Square Foot: $308
- Units: 25
- Price per Unit: $248,000
- Buyer: Ronald Kandov - Phantom Capital
- Seller: Atlantis Development
Ronald Kandov, representing Phantom Capital, acquired the property from Atlantis Development, aiming to secure cash flow from the investment in the multi-family asset.
On the Map
$6,200,000
$307/SF
MultiFamily
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Bronx MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93