Felice Belfiore Acquires Multifamily Property In South Bronx For $4.5M

A multifamily property located at 653 Cauldwell Avenue in the South Bronx has been sold for $4,500,000. The property has a total square footage of 28,722, with 42 units. The transaction took place on March 12, 2021. The sale price per square foot was $156, while the price per unit was $107,000. The lot size is 56 feet by 115 feet. The property falls under the R6 zoning classification.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,500,000
• Address: 653 Cauldwell Avenue
• Market: South Bronx
• Square Footage: 28,722
• Units: 42
• Price per Square Foot: $156
• Price per Unit: $107,000
• Lot Size: 56 ft x 115 ft
• Zoning: R6

The buyer of the property is Felice Belfiore, while the seller is Milton Merl. The transaction was facilitated by brokers Seth Glasser, Joe Koicim, and Michael Fusco from NewYorkMultifamily.