Updated May 12, 2025
Greystone Bel Real Estate Advisors Chicago Brokers William Montana & Christopher Sackley Facilitate $43.3M Multifamily Sale In Rockford, IL
3464 Hampton Ridge Drive, Rockford, IL, USA
$43,300,000
Units
582
Asset Type
MultiFamily
Closing
Aug 17, 2020
About this deal
AI
This transaction involves a multifamily asset located at multiple addresses including 3464 Hampton Ridge Drive, 2665, 2671, 2695, 2711, 2715, 2750, 2751 & 2755 Lund Avenue, 2900-2926 Sandy Hollow Road, 1403, 1417, 1435, 1451, 1473 & 1491 Stony Creek Way, and 906 McKnight Circle in Rockford, IL. The total sale price for the 582 units was $43,300,000, which translates to a price per unit of approximately $74,399.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $43,300,000
- Units: 582
- Price Per Unit: $74,399
- Brokers: William Montana & Christopher Sackley - Greystone Bel Real Estate Advisors Chicago
The deal was facilitated by the brokerage team of William Montana and Christopher Sackley, representing the seller in this significant multifamily transaction, showcasing their role in managing the complexities of the sale process within the Rockford market.
Players
Rockford 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
0.37%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93