Gabe Horstick And Alec Greenberg Acquire Chicago Multifamily From William Huck For $3.6M
2254 North Sawyer Avenue
$3,600,000
$188/SF
Building Size
19,088 SF
Asset Type
MultiFamily
Closing
Dec 18, 2024
AI
The property asset involved in this transaction is a multifamily building located at 2254 North Sawyer Avenue in the Chicago market. The sale was completed for a price of $3,600,000, encompassing a total of 23 units, with a price per unit of $156,521. The total square footage of the property is 19,088, resulting in a price per square foot of $188.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,600,000
- Units: 23
- Price Per Unit: $156,521
- Square Footage: 19,088
- Price Per Square Foot: $188
- Buyer: Gabe Horstick & Alec Greenberg
- Seller: William Huck
- Broker: Bill Cassin - Apartment Investment Advisers (AIA)
The transaction features notable individuals, including the buyers Gabe Horstick and Alec Greenberg, who have acquired the property, and the seller William Huck, who transferred ownership. The brokerage firm involved is Apartment Investment Advisers (AIA), represented by Bill Cassin in the transaction.
Players
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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93