Updated Dec 21, 2023
Ray Cahnman Sells Multifamily Property In Arlington Heights For $16M
3400 North Old Arlington Heights Road, Arlington Heights, IL 60004, USA
$16,000,000
$10,315/SF
Building Size
1,551 SF
Asset Type
MultiFamily
Closing
Aug 24, 2021
About this deal
AI
A multifamily property located at 3400-20 N. Old Arlington Heights Rd in Arlington Heights, Il has been sold for $16,000,000. The property consists of 72 units, with a price per unit of $222,222.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $16,000,000
- Units: 72
- Price per Unit: $222,222
- Address: 3400-20 N. Old Arlington Heights Rd, Arlington Heights, Il
- Market: Arlington Heights, Il
The seller of the property was Ray Cahnman. The sale was facilitated by brokers Ron Plonis, Lee Kiser, and Jeff Leibovich from Kiser Group.
On the Map
$16,000,000
$10,315/SF
MultiFamily
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Arlington Heights 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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93