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
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