Kiser Group Facilitates $4.1M Bulk Condo Sale In Waukegan
3370 W Brooke Ave
$4,118,000
Units
4,118,000
Asset Type
—
Closing
Aug 31, 2022
About this deal
AI
The property involved in this transaction is a multifamily asset located at 3370 W Brooke Ave, Waukegan. The sale price was set at $4,118,000, encompassing 58 units within the building, which consists of a total of 74 units. The total square footage of the property is 43,563, resulting in a price per unit of $71,000 and a price per square foot of $95.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,118,000
- Units: 58
- Square Feet: 43,563
- Price Per Unit: $71,000
- Price Per Square Foot: $95
The transaction was facilitated by brokers Matt Halper and Danny Mantis, representing the seller in this bulk condo sale transaction.
Players
Waukegan CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.85%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93