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

653 Cauldwell Avenue
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This MultiFamily property located in NY was sold for $4,500,000 about 3 years ago. The brokers of the deal were Joseph (Joe) Koicim, Seth Glasser, and Michael (Mike) Fusco

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.

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Deals
  • Location
    653 Cauldwell Avenue, The Bronx, NY, USA653 Cauldwell Avenue, The Bronx, NY, USA
  • Sale Price
    $4,500,000$4,500,000
    $156 PPSF$156 PPSF
  • Area
    28,722 SF28,722 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Joseph (Joe) Koicim

Joseph (Joe) Koicim

Deals122
Financed$2B

Seth Glasser

Seth Glasser

Deals80
Financed$891.9M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE IMAGE: Joe Koicim, Seth Glasser & Michael Fusco DATE: 03/12/2021 ADDRESS: 653 Cauldwell Avenue MARKET: South Bronx ASSET TYPE: Multifamily ~ ZONING: R6 BUYER: Felice Belfiore SELLER: Milton Merl BROKERS: Seth Glasser (@SethGlasser1), Joe Koicim (@Joey1CAP) & Michael Fusco (@Mike_Fusco_NYM) @NewYorkMultifamily SALE PRICE: $4,500,000 SF: 28,722 ~ PPSF: $156 UNITS: 42 ~ PPU: $107,000 LOT SIZE: 56 ft x 115 ft

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653 Cauldwell Avenue

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