Interra Realty Acquires Multifamily Property At 1 N Chestnut Ave In Arlington Heights For $9.7M
1 North Chestnut Avenue
$9,700,000
Building Size
—
Asset Type
—
Closing
Nov 29, 2022
About this deal
AI
A multifamily property located at 1 N Chestnut Ave in Arlington Heights, IL has been sold for a total of $9,700,000. The property is situated in a prime location and offers a variety of residential units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,700,000
- Market: Arlington Heights, IL
- Brokers: Paul Waterloo & Patrick Kennelly - Interra Realty
The sale of the property was facilitated by brokers Paul Waterloo and Patrick Kennelly from Interra Realty. They played a crucial role in representing the parties involved in the transaction and ensuring a successful deal.
Players
Arlington Heights CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93