Anthony Citriglia Of Essex Realty Group Represents Sale Of 23 Unit Multifamily In Addison For $3.29M
439 West Stevens Drive
$3,290,000
$166/SF
Building Size
19,730 SF
Asset Type
MultiFamily
Closing
Dec 22, 2025
AI
The property asset involved in this transaction is a multifamily building located at 439 West Stevens Drive in Addison. The sale price for the property was $3,290,000, consisting of 23 units. The building encompasses a total square footage of 19,730, resulting in a price per unit of $143,043 and a price per square foot of $166.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,290,000
- Units: 23
- Square Footage: 19,730
- Price Per Unit: $143,043
- Price Per Square Foot: $166
- Date of Transaction: 12/23/2025
- Broker: Anthony Citriglia - Essex Realty Group
Anthony Citriglia represented the seller in this transaction through Essex Realty Group, facilitating the deal in the multifamily asset market. The involvement of the brokerage was instrumental in the successful completion of the sale.
Players
Addison 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
4.82%
Cash-on-Cash
-1.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93