Mike Larson Of Jameson Sotheby’s International Realty Represents Buyer In $17.1M St. Regis Condo Sale
363 East Wacker Drive
$17,100,000
Building Size
—
Asset Type
Condo
Closing
Jan 10, 2025
AI
Three luxury condos at St. Regis Chicago sold, located at 363 East Wacker Drive, in the Chicago market, for a combined sale price of $17.1 million. The specific units included a 52nd-floor unit sold for $6.48 million and two 60th-floor units priced at $6.3 million and $4.34 million.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $17,100,000
- Address: 363 East Wacker Drive
- Market: Chicago
- Buyer’s Representative: Mike Larson - Jameson Sotheby’s International Realty
- Seller’s Representatives: Leila Zammatta & Nancy Furth - Magellan Development Group
Leila Zammatta of Magellan Development represented the sales of the $6.48 million and $6.3 million units, while Mike Larson represented the buyer for the $4.34 million unit. Nancy Furth was involved as the listing agent for the $4.34 million sale.
Players
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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93