FCA Purchases Property From Hugo Ramones For $858,000 With Buyer’s Rep Brian DiBasilio
SOLD
$858,000
Illinois
See Similar DealsMultiFamily
Sold 01/17/2017
SOLD
FCA Purchases Property From Hugo Ramones For $858,000 With Buyer’s Rep Brian DiBasilio
5005 W Diversey Ave, Chicago, IL, 60...
See Similar DealsMultiFamily
Sold 01/17/2017
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
A nine-unit building located at 5005 W Diversey Ave, Chicago, IL, has been sold for $858,000. The transaction occurred in the Chicago market. The property has a total square footage of 0.
Summary of transaction details:
- Property Type: Multi-unit Residential
- Transaction Amount: $858,000.00
- Buyer: FCA
- Seller: Hugo Ramones
- Buyer's Representative: Brian DiBasilio (Triad Real Estate Partners)
- Seller's Representative: Adam Saxon (Interra Realty)
Interra Realty's Brad Feldman, Brian DiBasilio, and Adam Saxon represented both parties in this transaction. Additionally, there are previous transactions where Interra Realty was involved, including a 19-apartment building at 1506 West Fargo Ave that sold for $1.8 million, with the buyer being Sejad Cantic.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$45,760.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,048.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,067.36
Annual Debt Service$48,808.29
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