Updated Oct 28, 2024
Traditions Harmony Housing LLC Acquires 396-Unit Multifamily In Bloomington For $39.2M
901 Valley View Cir, Bloomington, IL, USA
$39,150,000
$46,058/SF
Building Size
850 SF
Asset Type
MultiFamily
Closing
Sep 29, 2021
About this deal
AI
The multifamily property located at 901 Valley View Cir in Bloomington was recently sold in a closed transaction. The property consists of 396 units and was sold for a total price of $39,150,000, resulting in an average price per unit of $98,864.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $39,150,000
- Address: 901 Valley View Cir
- Market: Bloomington
- Buyer: Traditions Harmony Housing LLC
- Seller: Dominium
- Brokers: Ralph DePasquale, Jeff Irish & Brandon Grisham - Berkadia
- Units: 396
- Price per Unit: $98,864
The buyer of the property was Traditions Harmony Housing LLC, while the seller was Dominium. The deal was facilitated by brokers Ralph DePasquale, Jeff Irish, and Brandon Grisham from Berkadia.
On the Map
$39,150,000
$46,058/SF
MultiFamily
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Players
Bloomington 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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93