Andrew Te Acquires Multifamily Property In Ontario For $2.715 Million From Kathy Huynh
1027 West E Street
$2,715,000
$245/SF
Building Size
11,044 SF
Asset Type
MultiFamily
Closing
Feb 27, 2025
AI
The property involved in this transaction is located at 1027 West E Street in Ontario, classified as a multifamily asset. The sale was completed for a total price of $2,715,000, encompassing 12 units within a total square footage of 11,044. The price per unit is $226,250, and the price per square foot is $245.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,715,000
- Units: 12
- Square Footage: 11,044
- Price Per Unit: $226,250
- Price Per Square Foot: $245
- Buyer: Andrew Te
- Seller: Kathy Huynh
- Brokers: Eric Chen & Justino L. Fa’aola - CBRE
The key individuals in this transaction include Andrew Te, who acted as the buyer, and Kathy Huynh, who served as the seller. The transaction was facilitated by brokers Eric Chen and Justino L. Fa’aola representing CBRE, playing a pivotal role in the completion of the deal.
Players
Ontario MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.84%
Cash-on-Cash
-1.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93