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363 East Wacker Drive

Updated Jan 15, 2025

Bilt advertisement
Mike Larson Of Jameson Sotheby’s International Realty Represents Buyer In $17.1M St. Regis Condo Sale
SOLDCondo

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

About this deal

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:

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

Mike Larson

Broker

$36.1M

vol

6 deals

Broker
MG
Magellan Development GroupBrokerage

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

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