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:
- Property Type: Condo
- Transaction Amount: $4,100,000
- Square Footage: 3,600
- Price Per Square Foot: $1,139
- Address: 211 North Harbor Drive
- Market: Chicago
- Seller: Lendlease
- Broker: Bradley Brondyke - Jameson Sotheby's International Realty
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.
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