Costantino Cicchelli And Stefano Garofoli Acquire Multifamily In Ocala For $3.15M

Located at 2135 NW 1st Ave in Ocala, this multifamily property was recently sold in a closed transaction. The sale took place on March 25, 2022, with Costantino Cicchelli and Stefano Garofoli as the buyers and Joshua Cardoso as the seller. The property, consisting of 40 units, spans across 43,400 square feet. The sale price for this transaction was $3,150,000, resulting in a price per unit (PPU) of $78,750 and a price per square foot (PPSF) of $73.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $3,150,000
• Units: 40
• Price per Unit (PPU): $78,750
• Square Feet: 43,400
• Price per Square Foot (PPSF): $73
• Market: Ocala

The broker involved in this transaction was Francisco Rodriguez Melo from Cedano Realty Advisors. The buyers, Costantino Cicchelli and Stefano Garofoli, successfully acquired the property from seller Joshua Cardoso.