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559-617 N York St

Updated Oct 29, 2024

SOLDMixed-use

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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Deal FAQ

About $168 per square foot on a published $12.5M for 74,000 square feet (2022).

Browse Chicago mixed use sales on Traded.

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

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