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210 N Wells Street

Updated Oct 29, 2024

Green Cities Acquires Multifamily Property In Chicago For $98M
SOLDMultiFamily

Green Cities Acquires Multifamily Property In Chicago For $98M

210 N Wells Street

$98,000,000

Units

98,000,000

Asset Type

MultiFamily

Closing

Apr 27, 2023

About this deal

AI

The multifamily property located at 210 N Wells Street in Chicago has been sold in a transaction facilitated by John Jaeger of CBRE. The property, consisting of 329 units, was purchased by Green Cities from the sellers Jay Javors and the National Electrical Benefit Fund. The sale, which took place on 04/27/2023, was completed at a price of $98,000,000, equating to a per unit price of $297,872.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $98,000,000
  • Address: 210 N Wells Street
  • Market: Chicago
  • Buyer: Green Cities
  • Seller: Jay Javors; National Electrical Benefit Fund
  • Broker: John Jaeger - CBRE
  • Units: 329
  • Price Per Unit: $297,872

John Jaeger from CBRE played a crucial role in representing the buyer and seller in this transaction, ensuring a successful deal for both parties involved. This sale marks a significant transaction in the multifamily market in Chicago, with the property's prime location and high number of units contributing to its desirability.

On the Map

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$98,000,000

MultiFamily

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Players

John Jaeger

CBRE

Broker

$2.2B

vol

30 deals

Broker
GC
Green Cities Co.Buyer
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Chicago 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

0.16%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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