Updated Dec 21, 2023
Interra Realty Brokers Craig Martin & Lucas Fryman Facilitate $19.35M Sale Of Clarendon Hills Multifamily Property
229 Park Avenue, Clarendon Hills, Illinois 60514, United States
$19,350,000
$274/SF
Building Size
70,526 SF
Asset Type
MultiFamily
Closing
Dec 16, 2021
About this deal
AI
An multifamily property located at 229 Park Ave in Clarendon Hills has been sold for $19,350,000. The property spans 70,526 square feet with a price per square foot of $274.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $19,350,000
- Square Footage: 70,526
- Price per Square Foot: $274
- Address: 229 Park Ave
- Market: Clarendon Hills
- Brokers: Craig Martin & Lucas Fryman - Interra Realty
The sale of this multifamily property was facilitated by Craig Martin and Lucas Fryman from Interra Realty.
Players
Clarendon Hills 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
0.82%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93