facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

1 21 North Dryden Place

Marcus & Millichap Sells Dryden Apartments 100-Unit Multifamily In Arlington Heights Illinois
SOLDMultiFamily

Marcus & Millichap Sells Dryden Apartments 100-Unit Multifamily In Arlington Heights Illinois

1 21 North Dryden Place

Building Size

70,681 SF

Asset Type

MultiFamily

Closing

Feb 26, 2025

AI

The transaction involved the sale of Dryden Apartments, a multifamily property located at 1-21 North Dryden Place in Arlington Heights, Illinois. The property encompasses 100 units spanning a total area of 70,681 square feet on a 1.72-acre lot.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Units: 100
  • Square Footage: 70,681
  • Acres: 1.72
  • Address: 1-21 North Dryden Place
  • Market: Arlington Heights
  • Brokers: Andrean Angelov & Ryan Engle - Marcus & Millichap
  • Seller Representation: Ryan D. Engle and Andrean Angelov represented the seller and secured the buyer, both private investors.

Andrean Angelov and Ryan Engle, affiliated with Marcus & Millichap, played a crucial role in the transaction by representing the seller in the sale of this multifamily asset. They successfully identified and secured the buyer for the property, highlighting their expertise in the Arlington Heights market.

Players

Andrean Angelov

Marcus & Millichap

Broker

$22.9M

vol

17 deals

Broker

Arlington Heights MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93