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5600 N Ridge Ave

Ziyad Holdings Acquires Mixed-Use Property In Chicago For $2.4 Million With Broker Steven Rapoport
SOLDMixed-use

Ziyad Holdings Acquires Mixed-Use Property In Chicago For $2.4 Million With Broker Steven Rapoport

5600 N Ridge Ave

$2,400,000

$240/SF

Building Size

10,000 SF

Asset Type

Mixed-use

Closing

Jul 8, 2024

AI

The property involved in the transaction is a mixed-use asset located at 5600 N Ridge Ave in the Chicago market. The transaction was executed at a price of $2,400,000.00 for a total area of 10,000 square feet.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,400,000.00
  • Address: 5600 N Ridge Ave
  • Market: Chicago
  • Square Footage: 10,000.0
  • Buyer: Ziyad Holdings
  • Brokers: Steven Rapoport - CRER (Chicago Real Estate Resources)

This deal involved Ziyad Holdings as the buyer, representing their interests in the acquisition. Steven Rapoport from CRER (Chicago Real Estate Resources) facilitated the transaction, acting as the broker in the deal.

Players

Steven Rapoport

CRER (Chicago Real Estate Resources)

Broker

$74.1M

vol

23 deals

Broker
ZH
Ziyad HoldingsBuyer

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

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93