Marc Realty Acquires Hotel On 166 E. Superior St. In Chicago For $24M
166 East Superior Street, Chicago, IL 60611
$24,000,000
Building Size
—
Asset Type
Hotel
Closing
Jan 10, 2022
AI
A hotel located at 166 E. Superior St. in Chicago has been sold for $24,000,000. The transaction took place on January 10, 2022. The property was purchased by Marc Realty, with Gerald Nudo representing the buyer.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $24,000,000
- Date: January 10, 2022
- Address: 166 E. Superior St.
- Market: Chicago
Marc Realty, with the representation of Gerald Nudo, acquired the hotel for the aforementioned sale price. No additional information is available regarding the property or the transaction.
Players
Chicago Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93