SOLDMultiFamily
Fulton Street Cos Acquires Multifamily Property In Chicago For $49M
910 West Lake Street
$49,000,000
$92,452/SF
Building Size
530 SF
Asset Type
MultiFamily
Closing
Apr 17, 2023
AI
The multifamily property located at 910 West Lake Street in Chicago has been sold at a price of $49,000,000. The property spans approximately 530,000 square feet, resulting in a price per square foot of $92.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $49,000,000
- Address: 910 West Lake Street
- Market: Chicago
- Buyer: Fulton Street Cos - Alex Najem; Shanna Khan
- Seller: Pat Fitzgerald
The buyers involved in this transaction are Fulton Street Cos represented by Alex Najem and Shanna Khan. The seller is Pat Fitzgerald.
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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93