facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Development Site

/

Sale

/

1933 North Mohawk Street

Konrad Dabrowski And Alexander Morsch Represent Buyer In $5.7M Development Site Sale In Chicago
SOLDDevelopment Site

Konrad Dabrowski And Alexander Morsch Represent Buyer In $5.7M Development Site Sale In Chicago

1933 North Mohawk Street, 1935 North Mohawk Street & 1937 North Mohawk Street

$5,700,000

$211/SF

Building Size

26,937 SF

Asset Type

Development Site

Closing

Oct 9, 2024

AI

The development site involved in the transaction is located at 1933 North Mohawk Street, 1935 North Mohawk Street, and 1937 North Mohawk Street in the Chicago market. The sale was finalized at a price of $5,700,000, which translates to approximately $634 per square foot for a total of 8,979 square feet.

Summary of transaction details:

This transaction was represented by three key individuals in the real estate sector. The buyer was represented by Konrad Dabrowski from Fulton Grace Realty and Alexander Morsch from Cross Street, while the seller's interests were represented by Benjamin Miotti from Coldwell Banker.

Players

Benjamin Miotti

Coldwell Banker

Broker

$33.9M

vol

27 deals

Broker

Chicago Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.78%

Cash-on-Cash

-0.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93