Stan & Gene Bernshteyn Sell Harmony Apartments In Chicago For $21.4 Million With Essex Realty Group
4513 North Clark Street
$21,100,000
$492/SF
Building Size
42,886 SF
Asset Type
Mixed-use
Closing
Jan 7, 2026
AI
The property involved in the transaction is a mixed-use asset located at 4511-4513 North Clark Street, known as Harmony Apartments. The sale price for the property was $21,400,000, comprising a total of 56 units. The total square footage of the asset is 42,886, resulting in a per-unit price of $382,143 and a price per square foot of $499. The market for this property is identified as Chicago.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $21,400,000
- Address: 4511-4513 North Clark Street
- Units: 56
- Square Footage: 42,886
- Price Per Unit: $382,143
- Price Per Square Foot: $499
- Seller: Stan & Gene Bernshteyn
- Seller's Representative: Jordan Gottlieb & Rick Ofman - Essex Realty Group
- Market: Chicago
Representing the sellers in this transaction are Jordan Gottlieb and Rick Ofman from Essex Realty Group, acting on behalf of Stan and Gene Bernshteyn in the sale of the property. The negotiation and documentation of the sale were handled by these representatives, ensuring a successful transaction for the sellers.
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
0.75%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93