Yitzy Klor - Strategic Properties Acquires Multifamily Asset In River North, Chicago For $190M
SOLD
$190,000,000
Illinois
See Similar DealsMultiFamily
Sold 09/01/2023
SOLD
Yitzy Klor - Strategic Properties Acquires Multifamily Asset In River North, Chicago For $190M
10 East Ontario Street
See Similar DealsMultiFamily
Sold 09/01/2023
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$10,133,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$675,029.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$900,696.93
Annual Debt Service$10,808,363.20
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