facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

50 Yorktown Center Drive

Updated Aug 25, 2026

SOLDMultiFamily

Craig L. DeSanto And Jason Berkowitz Acquire Elan Yorktown Apartments From Bob Faith For $99M

50 Yorktown Center Drive

$99,000,000

Units

295

Asset Type

MultiFamily

Closing

Aug 25, 2026

About this deal

AI

The property asset involved in this transaction is a multifamily apartment complex located at 50 Yorktown Center Drive, Lombard, IL. The sale price for this asset was $99,000,000, and it comprises 295 units, resulting in a price per unit of $335,593. The transaction was backed by a JPMorgan mortgage amounting to $63.4 million.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $99,000,000
  • Units: 295
  • Price per Unit: $335,593
  • Buyer: Craig L. DeSanto - New York Life
  • Buyer: Jason Berkowitz - RPM Living
  • Seller: Bob Faith - Greystar
  • Mortgage Amount: $63,400,000

This transaction highlights the involvement of key individuals: Craig L. DeSanto from New York Life and Jason Berkowitz representing RPM Living, both of whom acquired the asset from Bob Faith of Greystar. The transaction is noteworthy amid the backdrop of the adjacent Yorktown Center mall facing foreclosure due to a default on $107 million of debt, while the suburban multifamily sector remains robust, illustrating investor confidence in the Lombard market.

Players

Craig L. DeSanto

New York Life Insurance

Buyer

$342.1M

vol

5 deals

Buyer

Bob Faith

Greystar

Seller

$2.8B

vol

32 deals

Seller

Lombard MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $335.6K per unit across 295 units on a published $99M (2026).

Visit Bob Faith to view all their deals.

Browse Lombard multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.16%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets