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
$19,000,000
Building Size
—
Asset Type
Condo
Closing
Nov 12, 2024
About this deal
AI
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:
- Property Type: Condo
- Transaction Amount: $19,000,000
- Seller: Ken Griffin - Citadel
- Buyer's Representative: Katherine Malkin - Compass
- Seller's Representatives: Emily Sachs Wong - Properties; Nancy Tassone - Jameson Sotheby's International Realty
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.
On the Map
$19,000,000
Condo
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Chicago Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93