Jameson Sotheby's Intl Realty Sells Land In Chicago For $6M With Buyer's Rep Layne Zagorin
1820 North Howe Street, Chicago, IL 60614, USA
$6,000,000
$2,199/SF
Building Size
2,728 SF
Asset Type
—
Closing
Sep 1, 2021
AI
The property at 1820 N Howe St in Chicago has been sold for a total of $6,000,000. The transaction took place on September 1, 2021.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $6,000,000
- Address: 1820 N Howe St, Chicago
- Market: Chicago
The buyer's representative in this deal was Layne Zagorin Properties, while the seller's representative was Nancy Tassone from Jameson Sotheby's Intl Realty.
This successful sale of the land at 1820 N Howe St showcases the expertise and negotiation skills of both parties' representatives, Layne Zagorin and Nancy Tassone. With their guidance and knowledge of the Chicago market, the buyer was able to secure this prime piece of land, while the seller achieved a satisfactory sale price of $6,000,000.
Players
Chicago CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93