Updated Apr 1, 2025
Barry Sharrer Sells Multifamily Asset At 2101 Reamer Drive In Barrington With Broker Adam Zweibel
2101 Reamer Drive
Building Size
177,300 SF
Asset Type
MultiFamily
Closing
Mar 26, 2025
About this deal
AI
The asset involved in the transaction is a multifamily property located at 2101 Reamer Drive in Barrington. It consists of 284 units and has a total square footage of 177,300.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Address: 2101 Reamer Drive
- Market: Barrington
- Units: 284
- Square Footage: 177,300
- Seller: Barry Sharrer
- Broker: Adam Zweibel - Hudson Atlantic Realty
The deal was facilitated by Adam Zweibel representing the broker Hudson Atlantic Realty in the transaction, ensuring the successful transfer of ownership from the seller, Barry Sharrer.
On the Map
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93