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Pabcor Management Acquires Harlem Towers Multifamily Property From Neder Capital Services For $12.18M

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SOLD
$12,180,000

Illinois

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MultiFamily
Sold 11/14/2025
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Property Image
SOLD

Pabcor Management Acquires Harlem Towers Multifamily Property From Neder Capital Services For $12.18M

2300 North Harlem Avenue & 2310 North Harlem Avenue

See Similar Deals
MultiFamily
Sold 11/14/2025
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The property involved in this transaction is Harlem Towers, a multifamily asset comprising 83 units located at 2300-2310 North Harlem Avenue in Elmwood Park, IL. The sale price for the property was $12,180,000, which equals approximately $146,747 per unit. The asset, built in 1975, will be rebranded as The American Elm following the sale.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $12,180,000
  • Units: 83
  • Price Per Unit: $146,747
  • Buyer: Pabcor Management
  • Seller: Maya Stratievsky - Neder Capital Services
  • Brokers: Patrick (Pat) Kennelly, Paul Waterloo & Nathan Zito - Interra Realty
  • Date of Transaction: 11/14/2025
  • Market: Elmwood Park

The deal featured key representatives from Interra Realty, with Patrick Kennelly, Paul Waterloo, and Nathan Zito facilitating the transaction on behalf of both the buyer and seller. This collaboration highlights the integral role these brokers played in aligning the interests of Pabcor Management and Neder Capital Services during this multifamily property sale.

Players

Patrick (Pat) Kennelly
52 deals$326.9M volume
BROKER

Paul Waterloo
Interra Realty
52 deals$328M volume
BROKER

Nathan Zito
Interra Realty
12 deals$91.5M volume(312) 477-0192
BROKER

Interra Realty
BROKERAGE

Details

SOLD
IMAGE: Nathan Zito, Paul Waterloo & Patrick Kennelly DATE: 11/14/2025 ADDRESS: 2300-2310 North Harlem Avenue MARKET: Elmwood Park ASSET TYPE: MultiFamily BUYER: Pabcor Management SELLER: Maya Stratievsky - Neder Capital Services BROKERS: Patrick (Pat) Kennelly, Paul Waterloo (@PWaterloo) & Nathan Zito - Interra Realty (@InterraRealty) SALE PRICE: $12,180,000 UNITS: 83 ~ PPU: $146,747 NOTE: Interra Realty closed the $12.18M sale of Harlem Towers, an 83-unit multifamily property in Elmwood Park, IL, at $146,746 per unit. Pabcor Management bought the two-tower complex from Neder Capital Services, with Interra representing both sides; the 1975-built asset at 2300–2310 N. Harlem Ave. will be rebranded as The American Elm

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$649,600.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$43,272.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$57,739.41
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