Mark Schwartz Acquires Multifamily Property From Sharp Management In Bronx For $6M

The property asset involved in this transaction is a multifamily asset located at 643 Cauldwell Avenue & 647 Cauldwell Avenue in the Bronx. The transaction was completed for a total price of $6,000,000, encompassing 84 units across a total square footage of 57,408. The price per unit was recorded at $71,429, while the price per square foot was $105.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $6,000,000
• Units: 84
• Square Footage: 57,408
• Price Per Unit: $71,429
• Price Per Square Foot: $105
• Buyer: Mark Schwartz
• Seller: Sharp Management
• Broker Representatives: Aaron Jungreis, Ben Khakshoor & Alex Fuchs - Rosewood Realty Group

The buyer, Mark Schwartz, entered into this transaction with the seller, Sharp Management, with the notable aspect that the buyer assumed the existing financing tied to the property, highlighting a strategic financial consideration in the deal structure.