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1614 Carlemont Drive, Cryst...

33 Realty Acquires Multifamily Property In Crystal Lake, IL For $25M
SOLDMultiFamily

33 Realty Acquires Multifamily Property In Crystal Lake, IL For $25M

1614 Carlemont Drive, Crystal Lake, Illinois, USA

$25,000,000

Building Size

Asset Type

MultiFamily

Closing

May 19, 2020

AI

The multifamily property located at 1614-1624 Carlemont Dr in Crystal Lake, IL was recently sold. The sale was facilitated by brokers Sean Connelly, John Meyer, and Matt Petersen from 33 Realty. The transaction took place on May 19, 2021, with a sale price of $25,000,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $25,000,000
  • Address: 1614-1624 Carlemont Dr, Crystal Lake, IL
  • Market: Crystal Lake, IL

The brokers involved in this deal were Sean Connelly, John Meyer, and Matt Petersen from 33 Realty. They successfully facilitated the transaction, ensuring a smooth process for both the buyer and seller.

Players

Sean Connelly

33 Realty

Broker

$125.7M

vol

9 deals

Broker

Crystal Lake 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

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93