Brookline Real Estate Sells Mixed-Use Property For $12.5M In Chicago
559-617 N York St
$12,500,000
$168/SF
Building Size
74,000 SF
Asset Type
Mixed-use
Closing
Dec 5, 2022
About this deal
AI
The mixed-use property located at 559-617 N York St in Chicago has been sold for a total price of $12,500,000. Spanning across a total area of 74,000 square feet, the property offers a diverse range of uses. The sale price per square foot stands at $169, indicating a competitive market value. The transaction took place on December 5, 2022. The deal was facilitated by Brookline Real Estate, acting as the broker in this transaction.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $12,500,000
- Square Footage: 74,000
- Price per Square Foot: $169
- Address: 559-617 N York St, Chicago
- Market: Chicago
The broker involved in this deal was Brookline Real Estate. Their representative successfully facilitated the transaction, ensuring a smooth process for all parties involved. With this sale, the property undergoes a change in ownership, presenting new opportunities for its future development and utilization.
Players
Chicago Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93