Manny Chadha Acquires Soundview Hotel In Bronx For $5M
1162 Wheeler Avenue, The Bronx, New York 10472, United States
$5,000,000
$555,555/SF
Building Size
9 SF
Asset Type
Hotel
Closing
Apr 17, 2023
About this deal
AI
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.
The hotel sale at 1162 Wheeler Avenue, The Bronx, New York 10472, United States in Bronx, New York sold for $5M in 2023. The building is 9 square feet, implying about 555.6K per square foot on the published price. Named participants on the 1162 Wheeler Avenue, The Bronx, New York 10472, United States sale are Osher Niyazov. This page is the Bronx, New York file for the 1162 Wheeler Avenue, The Bronx, New York 10472, United States hotel sold: pricing, party profiles, and other closed hotel comps from the same Bronx sit in the Market section below. Filter that Bronx hotel set by closing date to see what else sold near 1162 Wheeler Avenue, The Bronx, New York 10472, United States around 2023. Published consideration for 1162 Wheeler Avenue, The Bronx, New York 10472, United States is $5M, dated 2023. Cite this Manny Chadha Acquires Soundview Hotel In Bronx For $5M sale when underwriting similar hotel product around Bronx, New York.
Players
Bronx Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
Deal FAQ
Visit Osher Niyazov to view all their deals.
Browse New York hotel sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93