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

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SOLD
$5,700,000

Illinois

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Development Site26,937 SF
Sold 10/09/2024
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SOLD

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

See Similar Deals
Development Site26,937 SF
Sold 10/09/2024
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Summary

ILLINOIS
Asset Type:Development Site
Price Per Square Foot:$211
Total Square Footage:26,937 SF
Transaction Type:Sale

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
27 deals$33.9M volume(847) 219-3594
BROKER

Konrad Dabrowski
Fulton Grace Realty
6 deals$13.8M volume
BROKER

Alexander Morsch
Compass
9 deals$25M volume
BROKER

Details

SOLD
IMAGE: Konrad Dabrowski, Benjamin Miotti & Alexander Morsch DATE: 10/09/2024 ADDRESS: 1933 North Mohawk Street, 1935 North Mohawk Street & 1937 North Mohawk Street MARKET: Chicago ASSET TYPE: Development Site BUYER'S REP: Konrad Dabrowski - Fulton Grace Realty & Alexander Morsch - Cross Street SELLER'S REP: Benjamin Miotti - Coldwell Banker SALE PRICE: $5,700,000 SF: 8,979 ~ PPSF: $634

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

$304,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,250.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,020.91
Annual Debt Service$324,250.90