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106-224 Surrey Drive, Glen ...

Mark Kurgan & Sean Connelly Acquire Glen Ellyn Multifamily For $5.4M
SOLDMultiFamily

Mark Kurgan & Sean Connelly Acquire Glen Ellyn Multifamily For $5.4M

106-224 Surrey Drive, Glen Ellyn, IL, USA

$5,400,000

$87/SF

Building Size

62,000 SF

Asset Type

MultiFamily

Closing

Sep 14, 2020

AI

Located in Glen Ellyn, the multifamily property located at 106-224 Surrey Drive recently changed hands in a closed transaction. The sale was facilitated by Mark Kurgan and Sean Connelly of 33 Realty.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,400,000
  • Units: 48
  • Price per Unit (PPU): $112,500

The property consists of 48 units and was sold for a total amount of $5,400,000, resulting in a price per unit of $112,500. The transaction took place on 09/15/2020. Mark Kurgan and Sean Connelly from 33 Realty played a crucial role as the brokers representing the parties involved in the deal.

Players

Mark Kurgan

33 Realty

Broker

$12.9M

vol

6 deals

Broker

Glen Ellyn 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

2.94%

Cash-on-Cash

-0.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93