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Wavecrest Equities Acquires Multifamily Property In Foxwood, Bronx For $3.15M

923 Kelly Street
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This MultiFamily property located in NY was sold for $3,150,000 about 3 years ago. The broker of the deal was Richard Guarino

A multifamily property located at 923 Kelly Street in the Foxwood neighborhood of Bronx has been sold. The property is zoned as R7-1 and C1-4, offering potential for both residential and commercial uses. The sale took place on January 12, 2021, with a transaction price of $3,150,000. The property consists of 20 units, providing a per unit price of $157,500. The total square footage of the property is 19,812, resulting in a price per square foot of $158. Richard Guarino, from Friedman Roth Realty, represented both the buyer and the seller in this transaction.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,150,000
  • Address: 923 Kelly Street, Bronx
  • Market: Foxwood
  • Zoning: R7-1, C1-4
  • Buyer: Joe Camerata - Wavecrest Equities
  • Seller: Noah Friedman
  • Broker: Richard Guarino - Friedman Roth Realty
  • Units: 20
  • Price per Unit: $157,500
  • Total Square Footage: 19,812
  • Price per Square Foot: $158

The involvement of Joe Camerata from Wavecrest Equities as the buyer and Noah Friedman as the seller added significance to this sale. Richard Guarino, representing Friedman Roth Realty, facilitated the transaction as the broker. This deal presents an 8% capitalization rate, reflecting a promising investment opportunity in the Bronx multifamily market.

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Deals
  • Location
    923 Kelly Street, Bronx, NY, USA923 Kelly Street, Bronx, NY, USA
  • Sale Price
    $3,150,000$3,150,000
    $159 PPSF$159 PPSF
  • Area
    19,812 SF19,812 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Richard Guarino

Richard Guarino

Deals38
Sold$244.3M

Agency

Friedman-Roth Realty

Friedman-Roth Realty

Agency
Deals112
Volume$696.7M

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Deal Summary

[embed] SALE IMAGE: Richard Guarino DATE: 01/12/2021 ADDRESS: 923 Kelly Street MARKET: Foxwood, Bronx ASSET TYPE: Multifamily ~ ZONING: R7-1, C1-4 BUYER: Joe Camerata - Wavecrest Equities SELLER: Noah Friedman @FriedmanRoth BROKER: Richard Guarino (@RichardThomas_NYC) @FriedmanRoth PRICE: $3,150,000 ~ CAP: 8% UNITS: 20 ~ PPU: $157,500 SF: 19,812 ~ PPSF: $158

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923 Kelly Street

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