Lombardi Family Purchases Bronx Multifamily Property From Gashi Family For $1.5M
1537 White Plains Road
$1,500,000
$113/SF
Building Size
13,280 SF
Asset Type
MultiFamily
Closing
Dec 30, 2025
AI
The asset involved in this transaction is a multi-family property located at 1537 White Plains Road in the Bronx market. The sale was concluded at a price of $1,500,000, encompassing a total square footage of 13,280, which translates to a price per square foot of $112.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,500,000
- Address: 1537 White Plains Road
- Market: Bronx
- Square Footage: 13,280
- Price Per Square Foot: $112
- Buyer: Lombardi Family
- Seller: Gashi Family
- Broker Representatives: Nate Pilchick, Yosef Katz, Shlomo Antebi & Erik Yankelovich - Atlas Realty Group
Key individuals involved in the transaction include the buyer, Lombardi Family, and the seller, Gashi Family. The deal was facilitated by the broker representatives from Atlas Realty Group: Nate Pilchick, Yosef Katz, Shlomo Antebi, and Erik Yankelovich.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93