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1537 White Plains Road

Lombardi Family Purchases Bronx Multifamily Property From Gashi Family For $1.5M
SOLDMultiFamily

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

Erik Yankelovich

Atlas Realty Group

Broker

$1.1B

vol

128 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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93