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2254 North Sawyer Avenue

Gabe Horstick And Alec Greenberg Acquire Chicago Multifamily From William Huck For $3.6M
SOLDMultiFamily

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

Bill Cassin

Broker

$41.9M

vol

7 deals

Broker
Apartment Investment Advisers
Apartment Investment AdvisersBrokerage

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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