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910 West Lake Street

Fulton Street Cos Acquires Multifamily Property In Chicago For $49M
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

The buyers involved in this transaction are Fulton Street Cos represented by Alex Najem and Shanna Khan. The seller is Pat Fitzgerald.

Players

Shanna Khan

Shanna Collective

Broker

$419M

vol

3 deals

Broker

Alex Najem

Buyer

$49M

vol

2 deals

Buyer
FC
Fulton Street Cos.Buyer

Pat Fitzgerald

Lake Street Lofts

Seller

$102.5M

vol

2 deals

Seller

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