Updated Oct 28, 2024
Paul Chernawsky Acquires Randall Village Condominiums In Crystal Lake Multifamily Sale
1637 Carlemont Drive, Crystal Lake, IL 60014
$25,010,000
$137/SF
Building Size
182,056 SF
Asset Type
MultiFamily
Closing
May 17, 2020
About this deal
AI
The multifamily property located at 1637 Carlemont Dr in Crystal Lake, known as Randall Village Condominiums, has been sold in a closed transaction. The sale took place on May 17, 2021, with a sale price of $25,010,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $25,010,000
- Units: 196
- Price Per Unit: $127,602
- Address: 1637 Carlemont Dr, Crystal Lake
- Market: Crystal Lake
The buyer in this transaction was Paul Chernawsky, while the sellers were the condo owners who initiated a condo de-conversion. Representing the buyer and seller in this deal were John Meyer, Sean Connelly, and Matt Peterson from 33 Realty.
Players
Crystal Lake MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $137 per square foot on a published $25M for 182,056 square feet (2020).
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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