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.
On the Map
$20,000,000
$1,402/SF
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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