Updated Oct 28, 2024
Robert Kaplan's Ansonia Properties Acquires Multifamily Asset On Manda Lane In Wheeling For $46M
450 Manda Lane, Wheeling, Illinois 60090, United States
$46,000,000
Units
262
Asset Type
MultiFamily
Closing
Jun 13, 2022
About this deal
AI
The multifamily property located at 450 Manda Lane in Wheeling has been sold for a total price of $46,000,000. The transaction took place on June 14, 2022. The property consists of 262 units, resulting in a price per unit of $175,573. The buyer in the deal is Robert Kaplan from Ansonia Properties, while the seller is VennPoint Real Estate represented by Nick Marietti.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $46,000,000
- Units: 262
- Price Per Unit: $175,573
Nick Marietti represented VennPoint Real Estate in the transaction, while Robert Kaplan acted on behalf of Ansonia Properties as the buyer's representative.
Wheeling 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93