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Matthew Rosenthal, Eric Silverman Of Eastham Capital And Kurt Bender Sell 84-Unit Multifamily In Chicago Ridge For $10M

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SOLD
$10,000,000
Eric Silverman
MR

Illinois

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MultiFamily
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SOLD

Matthew Rosenthal, Eric Silverman Of Eastham Capital And Kurt Bender Sell 84-Unit Multifamily In Chicago Ridge For $10M

10370 South Ridgeland Avenue

See Similar Deals
MultiFamily
Sold
Eric Silverman
MR
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The property asset involved in this transaction is an 84-unit multifamily property located at 10370 South Ridgeland Avenue in Chicago Ridge. The transaction was valued at $10,000,000, resulting in a price per unit (PPU) of $119,048. The property was reported to be 95% leased at the time of the sale, indicating strong occupancy rates, with a notable year-over-year rent increase of 9.7%.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $10,000,000
  • Units: 84
  • Price Per Unit: $119,048
  • Seller: Matthew Rosenthal & Eric Silverman - Eastham Capital; Kurt Bender - Bender Cos
  • Market: Chicago Ridge
  • Leasing Status: 95% leased
  • Year-over-Year Rent Increase: 9.7%

The key individuals involved in this transaction include Matthew Rosenthal and Eric Silverman from Eastham Capital, along with Kurt Bender from Bender Cos. Together, they successfully executed the sale of the Ridgeland Station after acquiring the property in 2019, demonstrating a strategic partnership in managing multifamily assets.

Players

Eric Silverman
Eric Silverman
6 deals$102.1M volume
SELLER
BC
Bender Cos
SELLER
MR
Matthew Rosenthal
5 deals$132.8M volume
SELLER

Details

SOLD
IMAGE: Matthew Rosenthal, Eric Silverman & Kurt Bender DATE: 03/14/2025 ADDRESS: 10370 South Ridgeland Avenue MARKET: Chicago Ridge ASSET TYPE: Multifamily SELLER: Matthew Rosenthal (@Rosenthal.Matt) & Eric Silverman - Eastham Capital; Kurt Bender - Bender Cos SALE PRICE: $10,000,000 UNITS: 84 ~ PPU: $119,048 NOTE: Eastham Capital, in partnership with Bender Cos., sold the 84-unit Ridgeland Station in Chicago Ridge for $10M after acquiring it in 2019. The property was 95% leased at the time of sale, with rents rising 9.7% year over year.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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