Grigory Pekarsky Of Vesta Preferred Realty Sells Condo In Streeterville, Chicago For $2,965,000
451 East Grand Avenue, Chicago, Illinois 60611, United States
$2,965,000
$823/SF
Building Size
3,600 SF
Asset Type
—
Closing
Mar 6, 2022
About this deal
AI
A condo located at 451 E Grand Ave, 4701 in Streeterville, Chicago has been sold in a recent transaction. The sale was facilitated by broker Grigory Pekarsky from Vesta Preferred Realty. The property offers 3,080 square feet of living space and is situated in the vibrant market of Streeterville.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $2,965,000
- Address: 451 E Grand Ave, 4701
- Market: Streeterville, Chicago
The condo was listed with an asking price of $3,150,000. The final sale price reached $2,965,000, indicating a successful negotiation. With a price per square foot of $963, the property offers a desirable investment opportunity. Grigory Pekarsky, representing Vesta Preferred Realty, played a pivotal role in facilitating this transaction.
On the Map
$2,965,000
$823/SF
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.35%
Cash-on-Cash
-1.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93