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1420 West Winnemac Avenue

Essex Realty Acquires Multifamily Property In Andersonville For $4.5M
SOLDMultiFamily

Essex Realty Acquires Multifamily Property In Andersonville For $4.5M

1420 West Winnemac Avenue

$4,500,000

$243/SF

Building Size

18,500 SF

Asset Type

MultiFamily

Closing

Sep 23, 2022

AI

Located in Andersonville, the multifamily property at 1420-24 & 1426-28 W Winnemac Avenue recently changed hands in a sale transaction. The property consists of 12 units with a total area of 18,500 square feet. The sale price for this transaction was $4,500,000, resulting in a price per unit of $375,000. Additionally, the price per square foot was calculated at $243. Congratulations to everyone involved in this successful sale!

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $4,500,000
  • Address: 1420-24 & 1426-28 W Winnemac Avenue
  • Market: Andersonville
  • Units: 12
  • Price per Unit: $375,000
  • Total Square Feet: 18,500
  • Price per Square Foot: $243

The sale of this multifamily property was facilitated by Steve Livaditis and Brian Karmowski of Essex Realty. For any further inquiries about this transaction, please reach out to Essex Realty Group, Inc. We extend our congratulations once again to all parties involved!

Players

Steven Livaditis

Essex Realty Group

Broker

$195.2M

vol

40 deals

Broker

Winamac 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

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93