Sam Trachtman's STAK Holdings Closes $4.75M Glenview Multifamily Deal
Michael Todd Terrace
$4,750,000
$197/SF
Building Size
24,000 SF
Asset Type
MultiFamily
Closing
Dec 19, 2022
AI
A multifamily property located at 10360, 10358, 10388, 10406, 10416, and 10350 Michael Todd Terrace in Glenview has been sold for a price of $4,750,000. The property consists of 36 units with an average price per unit of $131,944. It spans a total area of 24,000 square feet with an average price per square foot of $19.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,750,000
- Address: 10360, 10358, 10388, 10406, 10416, and 10350 Michael Todd Terrace, Glenview
- Market: Glenview
- Buyer: Sam Trachtman - STAK Holdings
- Seller: Michael Todd Homeowners
- Units: 36
- Price per Unit: $131,944
- Total Square Footage: 24,000
- Price per Square Foot: $19
The buyer of the property is Sam Trachtman from STAK Holdings, while the seller is Michael Todd Homeowners.
Players
Glenview 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
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93