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Ken Griffin Sells Condo At 9 West Walton Street Chicago For $19 Million With Emily Sachs Wong And Nancy Tassone As Seller's Representatives

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SOLD
$19,000,000

Illinois

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Condo
Sold 11/12/2024
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SOLD

Ken Griffin Sells Condo At 9 West Walton Street Chicago For $19 Million With Emily Sachs Wong And Nancy Tassone As Seller's Representatives

9 West Walton Street

See Similar Deals
Condo
Sold 11/12/2024
Contact now

Summary

ILLINOIS
Asset Type:Condo
Transaction Type:Sale

The transaction involves the sale of two unfinished floors at 9 West Walton Street, Chicago, totaling $19 million. The asset type is a condo. This sale represents a significant loss of approximately $14.65 million from the seller's 2017 purchase of the properties. The condos were sold as raw space, reflecting the current market situation.

Summary of transaction details:

Ken Griffin continues to list other penthouses in an effort to sell additional properties in the Gold Coast area, with this transaction likely marking the highest-priced home sale in the Chicago area for the year 2024.

Players

Nancy Tassone
12 deals$95.8M volume
BROKER

Emily Sachs Wong
At Properties Commercial
17 deals$84.5M volume
BROKER

Katherine Malkin
Compass
4 deals$48.9M volume(312) 576-5200
BROKER

Details

SOLD
IMAGE: Emily Sachs Wong, Ken Griffin, Nancy Tassone & Katherine Malkin DATE: 11/12/2024 ADDRESS: 9 West Walton Street MARKET: Chicago ASSET TYPE: Condo SELLER: Ken Griffin - Citadel (@Citadel) BUYER'S REP: Katherine Malkin - Compass (@Compass) SELLER'S REP: Emily Sachs Wong (@EmilySachsWong) - @Properties (@AtProperties); Nancy Tassone (@NancyTassone) - Jameson Sotheby's International Realty (@JamesOnSIR) SALE PRICE: $19,000,000 NOTE: Ken Griffin sold two unfinished floors at No. 9 Walton for a combined $19 million, marking a significant loss of about $14.65 million from his 2017 purchase. The sale is likely the highest-priced Chicago-area home transaction of 2024, though the condos were sold as raw space, with Griffin continuing to list other penthouses in an attempt to unload his Gold Coast properties.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,013,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$67,502.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$90,069.69
Annual Debt Service$1,080,836.32