St Regis 3408 LLC Acquires Condo In Chicago For $2.88M With A.J. Manaseer - Pearson Realty Group
363 East Wacker Drive, Chicago, IL 60601
$2,885,000
$576/SF
Building Size
5,006 SF
Asset Type
Mixed-use
Closing
Jun 16, 2020
AI
A condominium unit located at 363 E Wacker Drive in Chicago has been recently sold. The property, with a total area of 2,400 square feet, was purchased by St Regis 3408 LLC from the seller, Magellan, on June 16, 2021. The transaction was facilitated by broker A.J. Manaseer from Pearson Realty Group. The sale price for the condo was $2,885,000, resulting in a price per square foot of $1,202. This marks A.J.'s second unit sold in the St Regis this year.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,885,000
- Square Footage: 2,400
- Address: 363 E Wacker Drive, Chicago
- Buyer: St Regis 3408 LLC
- Seller: Magellan
- Broker: A.J. Manaseer - Pearson Realty Group
The sale of this condominium unit highlights the successful transaction completed by St Regis 3408 LLC, who acquired the property in Chicago. A.J. Manaseer from Pearson Realty Group played a significant role as the broker representing the buyer in this deal, facilitating the smooth purchase of the condo from the seller, Magellan. This transaction adds to A.J.'s track record of successful sales in the St Regis community.
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
5.50%
Cash-on-Cash
-1.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93