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:
- Property Type: Development Site
- Transaction Amount: $5,700,000
- Square Footage: 8,979
- Price per Square Foot: $634
- Buyer's Representatives: Konrad Dabrowski - Fulton Grace Realty & Alexander Morsch - Cross Street
- Seller's Representative: Benjamin Miotti - Coldwell Banker
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
Chicago Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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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