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
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