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
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