facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

375 Newcastle Ln, Bolingbro...

Unknown Buyer Acquires Bolingbrook Property For $1.18M With Seller's Rep Adam Fortino
SOLDMultiFamily

Unknown Buyer Acquires Bolingbrook Property For $1.18M With Seller's Rep Adam Fortino

375 Newcastle Ln, Bolingbrook, IL, 60...

$1,180,000

Building Size

Asset Type

MultiFamily

Closing

Feb 14, 2019

AI

The property asset involved in the transaction is a 12-unit apartment building located at 375 Newcastle Lane, Bolingbrook, IL. It features all two-bedroom/one-bath units with tenant-paid utilities, in-unit laundry facilities, and ample off-street parking. The transaction was executed for a total amount of $1,180,000.

Summary of transaction details:

  • Property Type: Apartment
  • Transaction Amount: $1,180,000.00
  • Address: 375 Newcastle Ln, Bolingbrook, IL
  • Market: Bolingbrook
  • Seller's Representative: Adam Fortino - Marcus & Millichap
  • Buyer: Unknown
  • Seller: Not specified
  • Square Footage: 0

Adam Fortino, a senior associate in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the seller. The sale was announced by Steven D. Weinstock, regional manager of the firm's Chicago Oak Brook office.

Players

Adam Fortino

KW Commercial

Broker

$8.2M

vol

9 deals

Broker

Bolingbrook 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

13.44%

Cash-on-Cash

-3.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93