Brookline Real Estate & Investments Acquires Retail Property In Elmhurst, Il For $1.15M
1035 S York St, Elmhurst, Illinois, USA
$1,150,000
$179/SF
Building Size
6,400 SF
Asset Type
Retail
Closing
Sep 30, 2021
AI
Located at 1035 S York St in Elmhurst, IL, this retail property was recently sold for $1,150,000. Spanning 6,400 square feet, the property was acquired by an undisclosed buyer. The sale price translates to approximately $180 per square foot, indicating a solid investment in the Elmhurst market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,150,000
- Address: 1035 S York St, Elmhurst, IL
- Market: Elmhurst, IL
- Square Footage: 6,400
Dominick Cannata of Brookline Real Estate & Investments represented the buyer in this transaction, while Mark Heidecke of Horvath & Tremblay served as the seller's representative. Both brokers played crucial roles in facilitating the deal, ensuring a successful outcome for all parties involved.
Players
Elmhurst Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93