Updated Oct 28, 2024
New Frontier Companies Acquires Lyons Multifamily For $8.8M
8019 Ogden Avenue, Lyons, IL, USA
$8,800,000
$11/SF
Building Size
753,588 SF
Asset Type
MultiFamily
Closing
Jun 30, 2020
About this deal
AI
The multifamily property located at 8019 Ogden Ave in Lyons, IL has been sold. The transaction took place on June 30, 2021, with a sale price of $8,800,000. The property consists of 120 units, with a price per unit of $73,333.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,800,000
- Units: 120
- Price Per Unit: $73,333
The buyer of the property is New Frontier Companies, while the seller is Barron Development LLC. The transaction was facilitated by Kyle Shoemaker of Affordable Housing Investment Brokerage, who represented the buyer in the deal.
On the Map
$8,800,000
$11/SF
MultiFamily
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Lyons 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
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93