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424 East 139th Street, The ...

Updated Sep 5, 2024

Frank Souza Acquires Multifamily Property In Mott Haven For $1.125M With Broker Levy Tewel At Compass
SOLDMultiFamily

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

Levy Tewel

The Corcoran Group

Broker

$2.9M

vol

2 deals

Broker
Compass
CompassBrokerage

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $371 per square foot on a published $1.1M for 3,031 square feet (2021).

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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

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