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
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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