The sale involved a multifamily asset located at 6336 West Belmont Avenue in Chicago, consisting of fifty-four units. The property, named Block Belmont, features a total of 60,000 square feet and was sold for $18,150,000, equating to $336,111 per unit and $302 per square foot.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $18,150,000
• Units: 54
• Price per Unit: $336,111
• Square Footage: 60,000
• Price per Square Foot: $302
• Seller: Bart Przyjemski - Noah Properties
• Broker: Jordan Multack - Greenstone Partners

Jordan Multack, serving as the Senior Director at Greenstone Partners, represented the seller, Bart Przyjemski, a developer based in Chicago, while also procuring the purchaser, who is a private individual from the Chicago area. The buyer was attracted by the opportunity presented by this new construction asset in a developing neighborhood.