Sanjay Shah's Vistex Sells Chicago Condo Unit For $20M With Broker Chezi Rafaeli - Coldwell Banker
401 North Wabash Avenue, Chicago, Illinois 60611, United States
$20,000,000
$1,402/SF
Building Size
14,260 SF
Asset Type
—
Closing
Mar 6, 2022
About this deal
AI
The property involved in this closed transaction is a condo located at 401 N Wabash Ave Ph 89A in Chicago. The condo has a total square footage of 14,260, and it was sold for a price of $20,000,000, resulting in a price per square foot of $1,403.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $20,000,000
- Square Footage: 14,260
- Price per Square Foot: $1,403
- Address: 401 N Wabash Ave Ph 89A, Chicago
The seller of the condo was Sanjay Shah, representing Vistex. The broker involved in the deal was Chezi Rafaeli from Coldwell Banker.
Players
Chicago CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $1.4K per square foot on a published $20M for 14,260 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93