Denise Stefan And John Ginascol Of Abbott Laboratories Acquire Condo On 900 North Michigan Avenue In Chicago For $4.1M
900 North Michigan Avenue, Chicago, Illinois 60611, United States
$4,100,000
Building Size
—
Asset Type
—
Closing
May 9, 2022
About this deal
AI
A luxury condo located at 900 North Michigan Avenue in Chicago has recently been sold for a record-breaking price of $4,100,000. The property, known for its exquisite design and prime location, offers a sophisticated and comfortable living space. With a market value that reflects the exclusivity of the neighborhood, this condo is truly a remarkable investment.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $4,100,000
- Date: 05/10/2022
- Address: 900 North Michigan Avenue
- Market: Chicago
- Buyer: Denise Stefan; John Ginascol - Abbott Laboratories
Denise Stefan and John Ginascol, representing Abbott Laboratories, collaborated on this significant purchase. Their keen eye for valuable investments led them to acquire this exceptional condo, which presents an excellent opportunity for both residential living and potential future returns. The successful deal highlights the expertise and strategic decision-making of the buyer's representatives in this transaction.
Players
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Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93