Updated Mar 31, 2025
Northern Bank Sells Development Site At 1717 Hyde Park Avenue For $6.8 Million
1717 Hyde Park Avenue
$6,800,000
Building Size
—
Asset Type
Development Site
Closing
Mar 31, 2025
About this deal
AI
The development site located at 1717 Hyde Park Avenue in the Hyde Park market was sold by Northern Bank for a total price of $6,800,000.00. This transaction marks a significant event in the development sector of the area.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $6,800,000.00
- Sale Date: 03/31/2025
- Seller: Northern Bank
- Address: 1717 Hyde Park Avenue
- Market: Hyde Park
Key individuals involved in the transaction include representatives from Northern Bank, who facilitated the sale of the property, ensuring a smooth transaction process. Details regarding the buyer's representation or additional parties involved in the transaction are not specified.
Players
Hyde Park Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93