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1704 Seddon Street

Denis Sahmanovic Acquires Bronx Multifamily Property At 1704 Seddon Street For $3.4M
SOLDMultiFamily

Denis Sahmanovic Acquires Bronx Multifamily Property At 1704 Seddon Street For $3.4M

1704 Seddon Street

$3,400,000

$80/SF

Building Size

42,140 SF

Asset Type

MultiFamily

Closing

May 4, 2026

AI

The asset involved in this transaction is a multifamily property located at 1704 Seddon Street in the Bronx. The sale price for the property was $3,400,000, and it encompasses a total floor area of 42,140 square feet, resulting in a price per square foot of $80.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,400,000
  • Address: 1704 Seddon Street
  • Market: Bronx
  • Square Footage: 42,140
  • Price per Square Foot: $80
  • Buyer: Denis Sahmanovic
  • Seller: Josh Koppel
  • Broker Representatives: Seth Glasser, Michael (Mike) Fusco & Benjamin (Ben) Myerow - Marcus & Millichap

The transaction featured the expertise of Marcus & Millichap, who represented the purchaser, Denis Sahmanovic, throughout the deal. The involvement of brokers Seth Glasser, Michael Fusco, and Benjamin Myerow facilitated the successful closing of this multifamily sale.

Players

Michael Fusco

Marcus & Millichap

Broker

$576.1M

vol

88 deals

Broker

Bronx 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

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93