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3300 North Clark Street

Johnathan Saliterman Acquires Multifamily Property From Blitzlake Partners For $40.35M In Chicago
SOLDMultiFamily

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:

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

Doug Imber

Essex Realty Group

Broker

$241.8M

vol

29 deals

Broker

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