New Era Real Estate Acquires Mixed-Use Property At 322 328 S. Racine Ave For $3.78M
322 328 S. Racine Ave.
$3,782,000
$210/SF
Building Size
18,000 SF
Asset Type
Mixed-use
Closing
Dec 28, 2018
About this deal
AI
The property asset involved in this transaction is a mixed-use building located at 322 328 S. Racine Ave., in the Chicago market. The transaction was completed for a price of $3,782,000.00, encompassing a total square footage of 18,000.0.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,782,000.00
- Address: 322 328 S. Racine Ave.
- Market: Chicago
- Square Footage: 18,000.0
- Buyer: New Era Real Estate
- Broker: Steven Rapoport - CRER (Chicago Real Estate Resources)
This transaction involved New Era Real Estate as the buyer, with Steven Rapoport representing them as the broker from CRER (Chicago Real Estate Resources). The deal highlights the involvement of key real estate professionals facilitating the transaction.
On the Map
$3,782,000
$210/SF
Mixed-use
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Players
Chicago Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.19%
Cash-on-Cash
-1.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93