Sanjay Shah's Vistex Sells Chicago Condo Unit For $20M With Broker Chezi Rafaeli - Coldwell Banker
SOLD
$20,000,000
Illinois
See Similar Deals14,260 SF
Sold 03/07/2022
SOLD
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
See Similar Deals14,260 SF
Sold 03/07/2022
Summary
ILLINOIS
Price Per Square Foot:$1,402
Total Square Footage:14,260 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44
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