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363 East Wacker Drive

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

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