Walton Street 3400 Acquires Condo On 9 W Walton Street In Chicago For $17.4M
9 West Walton Street, Chicago, Illinois 60610, United States
$17,400,000
$62/SF
Building Size
278,000 SF
Asset Type
—
Closing
Apr 18, 2022
AI
A condo located at 9 W Walton Street in Chicago has been sold for $17,400,000. The transaction took place on April 19, 2022. The property, represented by Karen Meehan of Gould and Ratner, was purchased by Walton Street 3400. The seller, Axel 2018, was represented by Paul Greenwalt. Jonathan Romnick of GEM Capital Realty acted as the seller's representative during the deal.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $17,400,000
- Image: Karen Meehan
- Date: 04/19/2022
- Address: 9 W Walton Street
- Market: Chicago
This sale represents a significant transaction in the Chicago real estate market. The involvement of reputable representatives from Gould and Ratner, as well as GEM Capital Realty, highlights the expertise and professionalism present in the deal. The sale of this condo is a testament to the value and desirability of properties in the Chicago area.
Players
Chicago CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93