Capital Funding Partners Acquires Multifamily Property In Highland Park For $10.6M

The multifamily property located at 162 S. Avenue 55 in Highland Park has been sold in a recent transaction. The property consists of 30 units with a total square footage of 24,864. The sale price for the property was $10,575,000, resulting in a price per unit of $352,500. The price per square foot was $425, and the capitalization rate (CAP) for the deal was 4.57%. The property was acquired by Capital Funding Partners, while the seller was Patina Capital. The transaction was facilitated by brokers Janet Neman and Angelica Gotzev.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $10,575,000
• Units: 30
• Price per Unit: $352,500
• Square Footage: 24,864
• Price per Square Foot: $425
• Capitalization Rate (CAP): 4.57%
• Buyer: Capital Funding Partners
• Seller: Patina Capital
• Brokers: Janet Neman and Angelica Gotzev

Janet Neman and Angelica Gotzev played a crucial role in facilitating the sale of this multifamily property in Highland Park. Capital Funding Partners successfully acquired the property from Patina Capital, marking a significant transaction in the market. This deal further showcases the expertise and professionalism of the brokers involved.