Updated Nov 27, 2024
DRA Advisors Acquires Bensenville Multifamily For $106M
100 George Street, Bensenville, Illinois 60106, United States
$106,000,000
Units
571
Asset Type
MultiFamily
Closing
Aug 7, 2022
About this deal
AI
A multifamily property located at 100 George St in Bensenville has been sold for a total of $106,000,000. The property consists of 571 units with an average price per unit of $185,639.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $106,000,000
- Address: 100 George St, Bensenville
- Market: Bensenville
The buyer of the property is DRA Advisors, while the seller is FPA Multifamily, represented by Alex Louden. The sale of this multifamily property marks a significant transaction in the market.
Players
Bensenville 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93