Updated May 29, 2026
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
About this deal
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.
On the Map
$3,400,000
$80/SF
MultiFamily
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Players
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