United Group Development Acquires 427-Unit Condo In Elk Grove Village For $56.8M
908 Ridge Square, Elk Grove Village, Illinois 60007, United States
$56,800,000
$1,113/SF
Building Size
51,000 SF
Asset Type
—
Closing
Feb 10, 2022
About this deal
AI
A condo located at 908 Ridge Square in Elk Grove Village has been sold in a recent transaction. The property, consisting of 427 units, was sold for a total price of $56,800,000. This translates to a price per unit of $133,021.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $56,800,000
- Address: 908 Ridge Square, Elk Grove Village
- Market: Elk Grove Village
The buyer in the transaction was United Group Development, represented by Michael Dobrov. On the other hand, the seller was RDM Development, represented by Robert Mosky.
Elk Grove Village CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Visit Michael Dobrov to view all their deals.
Browse Illinois sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93