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211 North Harbor Drive

Lendlease Sells Penthouse At Cirrus Tower In Chicago For $4.1 Million With Bradley Brondyke
SOLDCondo

Lendlease Sells Penthouse At Cirrus Tower In Chicago For $4.1 Million With Bradley Brondyke

211 North Harbor Drive

$4,100,000

$1,138/SF

Building Size

3,600 SF

Asset Type

Condo

Closing

Aug 16, 2024

AI

A 3,600-square-foot condo located at 211 North Harbor Drive in Chicago has been sold for $4.1 million. This unit is part of the Cirrus tower and represents the second-highest sale within the building. Originally listed for $4.5 million, the sale reflects a price per square foot of $1,139.

Summary of transaction details:

The transaction highlights the involvement of Lendlease as the seller, with Bradley Brondyke representing the deal through Jameson Sotheby's International Realty. The successful sale indicates a growing demand for downtown condominiums.

Players

Bradley Brondyke

Sotheby's International Realty

Broker

$10.6M

vol

3 deals

Broker

Chicago Condo Market Snapshot

Boundary boundary · Condo · 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