Dennis Samanovic Purchases Bronx Multifamily Property At 2104 Cross Bronx Expressway For $3.8M
SOLD
$3,800,000
New York
See Similar DealsMultiFamily34,815 SF
Sold 05/30/2025
SOLD
Dennis Samanovic Purchases Bronx Multifamily Property At 2104 Cross Bronx Expressway For $3.8M
2104 Cross Bronx Expressway
See Similar DealsMultiFamily34,815 SF
Sold 05/30/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$109
Total Square Footage:34,815 SF
Transaction Type:Sale
The property located at 2104 Cross Bronx Expressway is a multifamily asset comprising 39 units with a total square footage of 34,815. The transaction was completed at a sale price of $3,800,000, translating to a price per unit of $97,435 and a price per square foot of $109. The market for the property is identified as Bronx.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,800,000
- Units: 39
- Square Footage: 34,815
- Price Per Unit: $97,435
- Price Per Square Foot: $109
- Buyer: Dennis Samanovic
- Broker Representatives: Seth Glasser & Michael Fusco - Marcus & Millichap
- Transaction Date: 5/30/2025
The deal involved the buyer, Dennis Samanovic, and was facilitated by brokers Seth Glasser and Michael Fusco from Marcus & Millichap. Their roles as representatives were crucial in completing the transaction within the Bronx market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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