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65 East Goethe Street

Chicago Trading Co-Founder Andrew Hall Sells Gold Coast Condo For $9.3M
SOLDCondo

Chicago Trading Co-Founder Andrew Hall Sells Gold Coast Condo For $9.3M

65 East Goethe Street

$9,300,000

$1,033/SF

Building Size

9,000 SF

Asset Type

Condo

Closing

Jan 19, 2024

AI

The Gold Coast condo at 65 East Goethe Street in Chicago has been sold in a recent transaction. The property is a 9,000-square-foot unit on the eighth floor. It features a 1,500-bottle wine room, circular dining room, and offers views of Lake Michigan. The sale price for this condo was $9.3 million, which represents a 33 percent discount from the initial asking price of $13.9 million.

Summary of Transaction Details:

  • Property Type: Condo
  • Transaction Amount: $9,300,000
  • Address: 65 East Goethe Street, Chicago
  • Market: Chicago
  • Square Footage: 9,000
  • Price per Square Foot: $1,033

Andrew Hall, co-founder of Chicago Trading, was the seller of this Gold Coast condo. The buyer's representative for this transaction was Mark Icuss from Compass. Jennifer Mills from Jameson Sotheby's International Realty served as the seller's representative. The deal successfully closed, securing a significant discount from the initial asking price.

Players

Jennifer Mills

Sotheby's International Realty

Broker

$16M

vol

4 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

1.71%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93