Hugo Encalada Acquires Multifamily Property In Soundview, Bronx For $980K
1156 Fteley Avenue, East Bronx, Bronx, NY, USA
$980,000
$392/SF
Building Size
2,500 SF
Asset Type
MultiFamily
Closing
Feb 23, 2021
AI
A multifamily property located at 1156 Fteley Avenue in Soundview, Bronx has been sold for $980,000. The transaction took place on February 24, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $980,000
- Address: 1156 Fteley Avenue
- Market: Soundview, Bronx
- Buyer: Hugo Encalada
- Seller: Pooran Duchiland
- Buyer's Representative: Aileen Padilla - Boutique Realty @BoutiqueRealtyNyc @BoutiqueRealtyBroker
- Seller's Representative: Urmilla Busgith - Century 21 Metro Star
- Units: 4
- Price Per Unit: $245,000
- Total Square Footage: 2,500
- Price Per Square Foot: $392
Hugo Encalada is the buyer of the property, represented by Aileen Padilla from Boutique Realty. Pooran Duchiland is the seller, represented by Urmilla Busgith from Century 21 Metro Star.
Players
Bronx 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
16.19%
Cash-on-Cash
-4.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93