Updated Nov 8, 2026
Anthony Simari Acquires Bronx Multifamily Property At 3800-3806 Bailey Avenue For $5.43M
3800 Bailey Avenue & 3806 Bailey Avenue
$5,427,600
$89/SF
Building Size
61,000 SF
Asset Type
MultiFamily
Closing
Oct 29, 2026
About this deal
AI
Anthony Simari acquired a 61,000-square-foot multifamily property at 3800-3806 Bailey Avenue in the Bronx from L.A.L. Bailey Management Co., LLC for $5,427,600 on October 29, 2026. The deal closed at a low $89 per square foot.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $5,427,600
- Address: 3800-3806 Bailey Avenue
- Market: Bronx
- Square Footage: 61,000
- Price Per Square Foot: $89
- Buyer: Anthony Simari
- Seller: L.A.L. Bailey Management Co., LLC
In this transaction, Anthony Simari was the buyer, representing a strategic move into the Bronx multifamily market. The seller, L.A.L. Bailey Management Co., LLC, completed the transfer of ownership of this asset, providing a potential for future value enhancement in the area.
On the Map
$5,427,600
$89/SF
MultiFamily
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Leonardtown MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.92%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93