Essex Realty Group Acquires MultiFamily Property In Naperville For $7.75M
SOLD
$7,750,000
Illinois
See Similar DealsMultiFamily
Sold 02/17/2023
SOLD
Essex Realty Group Acquires MultiFamily Property In Naperville For $7.75M
1135 West Ogden Avenue
See Similar DealsMultiFamily
Sold 02/17/2023
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 1135 West Ogden Avenue in Naperville has been sold for a total of $7,750,000. The property consists of 48 units, with a price per unit of $161,458. The total square footage of the property is 39,400, resulting in a price per square foot of $197.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $7,750,000
- Units: 48
- Price per Unit: $161,458
- Square Footage: 39,400
- Price per Square Foot: $197
The sale of this multifamily property was facilitated by Derek Kaptanoglu and Brian Karmowski from Essex Realty Group, Inc. The deal involved the coordination and negotiation between the buyer, seller, and their respective representatives.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$413,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,534.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,738.95
Annual Debt Service$440,867.45
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