Updated Sep 5, 2024
Frank Souza Acquires Multifamily Property In Mott Haven For $1.125M With Broker Levy Tewel At Compass
424 East 139th Street, The Bronx, New York 10454, United States
$1,125,000
$371/SF
Building Size
3,031 SF
Asset Type
MultiFamily
Closing
Dec 10, 2021
About this deal
AI
This record-breaking deal in the Mott Haven market involved the sale of a multifamily property located at 424 E. 139 Street. The property consists of two units with a total of 3,031 square feet. The sale price for this transaction was $1,125,000, resulting in a price per unit of $562,500. The price per square foot was $371, making it a highly valued investment in the area.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,125,000
- Units: 2
- Price per Unit: $562,500
- Square Footage: 3,031
- Price per Square Foot: $371
- Market: Mott Haven
Frank Souza acted as the buyer in this transaction, while Abe Fixer was the seller. The deal was facilitated by Levy Tewel, a representative from Tewel Team at Compass. With their expertise, they successfully closed the highest priced two-family sale in the south Bronx, making it a remarkable achievement for all parties involved.
Note from Levy Tewel: This is a record-breaking deal, being the highest priced two-family sold in south Bronx.
Players
New York 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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93