Gazivoda Realty Purchases 56-Unit Multifamily Building In Norwood Bronx For $5.2M

The property asset involved in this transaction is a multifamily building located at 3209 Decatur Avenue in the Norwood neighborhood of the Bronx. It consists of 56 units and has a total built space of 71,400 square feet. The sale was completed for a total transaction amount of $5,200,000, resulting in a price per unit of $92,857 and a price per square foot of $73.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,200,000
• Units: 56
• Square Footage: 71,400
• Price per Unit: $92,857
• Price per Square Foot: $73
• Buyer: Gazivoda Realty
• Seller: Vito Manginelli
• Sale Date: September 29, 2025

The buyer, Gazivoda Realty, represented by 3209 Decatur Realty LLC, completed the purchase from seller Vito Manginelli. This acquisition reflects Gazivoda Realty's investment strategy in the multifamily market of the Bronx.