Manny Chadha Acquires Soundview Hotel In Bronx For $5M
SOLD
$5,000,000
New York
See Similar DealsHotel9 SF
SOLD
Manny Chadha Acquires Soundview Hotel In Bronx For $5M
1162 Wheeler Avenue, The Bronx, New York 10472, United States
See Similar DealsHotel9 SF
Summary
NEW YORK
Asset Type:Hotel
Price Per Square Foot:$555,555
Total Square Footage:9 SF
Transaction Type:Sale
The Hotel property at 1162 Wheeler Avenue in Soundview, Bronx has been sold for a total of $5,000,000. The transaction took place on October 28, 2022. The hotel has a total square footage of 9,916, resulting in a price per square foot of $504.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $5,000,000
- Address: 1162 Wheeler Avenue
- Market: Soundview, Bronx
The buyer of the property is Manny Chadha, while Osher Niyazov is the seller.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
Is there something missing? Send suggestions