Johnathan Saliterman Acquires Multifamily Property From Blitzlake Partners For $40.35M In Chicago
3300 North Clark Street
$40,350,000
$478/SF
Building Size
84,407 SF
Asset Type
MultiFamily
Closing
Dec 4, 2024
AI
The property located at 3300 North Clark Street in Chicago is a multifamily asset comprising 142 units. The sale was finalized for $40,350,000, which translates to a per-unit price of $284,154. The total square footage of the property is 84,407, resulting in a price per square foot of $478.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $40,350,000
- Units: 142
- Price Per Unit: $284,154
- Square Footage: 84,407
- Price Per Square Foot: $478
- Buyer: Johnathan Saliterman
- Seller: Blitzlake Partners
- Brokers: Jordan Gottlieb, Jim Darrow, Rick Ofman, Kate Varde, Doug Imber - Essex Realty Group
This transaction involved key individuals including the buyer Johnathan Saliterman and the seller Blitzlake Partners. The brokerage team from Essex Realty Group was represented by Jordan Gottlieb, Jim Darrow, Rick Ofman, Kate Varde, and Doug Imber, who facilitated the deal.
Players
Chicago 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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93