Sam Trachtman's Stak Holdings Acquires Chicago Portfolio For $23M
SOLD
$23,000,000
Illinois
See Similar DealsMultiFamily131 SF
Sold
SOLD
Sam Trachtman's Stak Holdings Acquires Chicago Portfolio For $23M
5310 North Damen Avenue, Chicago, Illinois 60625, United States
See Similar DealsMultiFamily131 SF
Sold
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$175572
Total Square Footage:131 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,226,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$81,714.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$109,031.73
Annual Debt Service$1,308,380.81
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