Sam Trachtman's Stak Holdings Acquires Chicago Portfolio For $23M
5310 North Damen Avenue, Chicago, Illinois 60625, United States
$23,000,000
$175,572/SF
Building Size
131 SF
Asset Type
MultiFamily
Closing
Dec 21, 2022
AI
Five properties located in Chicago were recently sold in a portfolio sale for a total of $23,000,000. The properties include 5310 North Damen Avenue, 5314 North Damen Avenue, 5330 North Damen Avenue, 7250 North Western Avenue, and 2559 West Bryn Mawr Avenue. The total square footage of the portfolio is 131,475, with a price per square foot of $175.
Summary of transaction details
- Property Type: Portfolio Sale
- Transaction Amount: $23,000,000
- Market: Chicago
The buyer of the portfolio is Sam Trachtman from Stak Holdings. The seller is Joseph Rotter. Danny Logarakis from Kiser Group acted as the broker for this transaction. The financing for the sale was provided by Matt Bowker.
Players
Chicago 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
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93