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
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