David Luski Acquires Multifamily Property In Buffalo Grove For $53M
1160 Windbrooke Drive, Buffalo Grove, Illinois 60089, United States
$53,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 28, 2022
AI
The multifamily property located at 1160 Windbrooke Drive in Buffalo Grove has been sold for a total of $53,000,000. The transaction took place on 12/28/2022 and the property consists of 236 units. The price per unit for this sale is $224,576.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $53,000,000
David Luski of DRA Advisors acted as the buyer for this sale, while Richard Reyes of Blackstone represented the seller. The sale of this property marks a significant transaction in the Buffalo Grove market.
Players
Buffalo Grove 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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93