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10 East Ontario Street

Yitzy Klor - Strategic Properties Acquires Multifamily Asset In River North, Chicago For $190M
SOLDMultiFamily

Yitzy Klor - Strategic Properties Acquires Multifamily Asset In River North, Chicago For $190M

10 East Ontario Street

$190,000,000

Units

467

Asset Type

MultiFamily

Closing

Sep 1, 2023

AI

The multifamily property located at 10 East Ontario Street in the River North neighborhood of Chicago is currently under contract. The transaction involves 467 units and is being handled by Yitzy Klor of Strategic Properties as the buyer's representative. The seller is ESG Kullen, and the attorney overseeing the deal is Howard Dakoff.

Summary of transaction details

  • Property Type: Multifamily
  • Sale Price: $190,000,000
  • Units: 467
  • Price Per Unit: $406,852
  • Market: River North, Chicago

The buyer's representative, Yitzy Klor, from Strategic Properties, is leading the purchase of this multifamily property. The seller, ESG Kullen, has agreed to the sale, facilitated by attorney Howard Dakoff. The transaction is currently under contract and is expected to be finalized soon.

Players

SP
Strategic PropertiesBuyer
EK
ESG KullenSeller

Market 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

0.08%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93