Benny Scianna Acquires Mixed-Use Property In Melrose Park For $1.025M
SOLD
$1,025,000
Illinois
See Similar DealsMixed-use9,600 SF
Sold 01/22/2021
SOLD
Benny Scianna Acquires Mixed-Use Property In Melrose Park For $1.025M
1620 Division Street, Melrose Park, IL, USA
See Similar DealsMixed-use9,600 SF
Sold 01/22/2021
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$106
Total Square Footage:9,600 SF
Transaction Type:Sale
A mixed-use property located at 1620 Division Street in Melrose Park has been sold for $1,025,000. The property spans 9,600 square feet and has a price per square foot of $107. It consists of 9 units, with each unit priced at $113,888. The sale represents a cap rate of 19.45%.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,025,000
- Square Footage: 9,600
- Price per Square Foot: $107
- Number of Units: 9
- Price per Unit: $113,888
- Cap Rate: 19.45%
The buyer of the property is Benny Scianna, and the seller is Jae Byun. The transaction was facilitated by Christopher Malay of [Agencies].
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$54,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,641.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,859.02
Annual Debt Service$58,308.28
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