Elevate Group Purchases Mixed-use Asset In Chicago For $3.94 Million With Broker Steven Rapoport
5531 33 N. Broadway
$3,940,000
$140/SF
Building Size
28,000 SF
Asset Type
Mixed-use
Closing
Aug 5, 2024
AI
The property involved in this transaction is a mixed-use asset located at 5531 33 N. Broadway, Chicago. The sale took place on 08/05/2024 for a total price of $3,940,000.00, featuring a total square footage of 28,000.0.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,940,000.00
- Address: 5531 33 N. Broadway
- Market: Chicago
- Square Footage: 28,000.0
- Buyer: Elevate group
- Broker: Steven Rapoport - CRER (Chicago Real Estate Resources)
This transaction highlights the role of Steven Rapoport, representing CRER (Chicago Real Estate Resources) as the broker in the sale, facilitating the deal for the buyer, Elevate group.
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
4.03%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93