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23w731 Hobson Road

Katherine Karvelas Acquires 19.92-Acre Land In Naperville For $3M As Buyer's Rep
SOLDLand

Katherine Karvelas Acquires 19.92-Acre Land In Naperville For $3M As Buyer's Rep

23w731 Hobson Road

$3,000,000

Building Size

Asset Type

Land

Closing

Mar 20, 2024

AI

23w731 Hobson Road in Naperville is a 19.92-acre land parcel that recently changed ownership for $3 million. Katherine Karvelas from @properties Christie's International Real Estate represented the buyer, while Moshe Weinberger from Strauss Realty Ltd represented the seller in this transaction.

Summary of transaction details:

The deal's key individuals in the transaction were Katherine Karvelas, who represented the buyer, and Moshe Weinberger, who acted as the seller's representative in the sale of this 19.92-acre land parcel in Naperville.

Players

Moshe Weinberger

Strauss Realty

Broker

$6.8M

vol

3 deals

Broker

Naperville Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93