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375 Newcastle Ln, Bolingbro...

Updated Sep 9, 2024

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

Units

12

Asset Type

MultiFamily

Closing

Feb 14, 2019

About this deal

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.

On the Map

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$1,180,000

MultiFamily

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Players

Adam Fortino

KW Commercial

Broker

$9.1M

vol

11 deals

Broker
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Bolingbrook 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

13.44%

Cash-on-Cash

-3.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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