Greystone Acquires Montclare Senior Residences In Chicago Senior Housing Sale
6650 West Belden Avenue, Chicago, Illinois 60707, United States
$39,900,000
$295/SF
Building Size
134,999 SF
Asset Type
Other
Closing
Mar 31, 2022
About this deal
AI
The senior housing property located at 6650 West Belden Avenue in Chicago has been sold for a total of $39,900,000. The property consists of 335 units, resulting in a price per unit of $119,104. The transaction took place on April 1, 2022.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $39,900,000
- Address: 6650 West Belden Avenue, Chicago
- Market: Chicago
- Buyer: Greystone
- Seller: Montclare Senior Residences
- Units: 335
- Price per Unit: $119,104
Representing the buyer in this transaction is Greystone, a prominent entity in the real estate industry. On the other hand, Montclare Senior Residences acted as the seller in the deal.
Players
Chicago Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93