Updated Oct 28, 2024
Intersection Realty Group Acquires Montclare Apartment Portfolio In New York, Illinois & Indiana For $100M With Truman Tolefree
New York City, New York, United States
$100,000,000
$100/SF
Building Size
1,000,000 SF
Asset Type
Industrial
Closing
Dec 15, 2021
About this deal
AI
The Montclare Apartment Portfolio, consisting of industrial, office, and multifamily properties totaling approximately 1,000,000 square feet, has been sold. The transaction took place in New York, Illinois, and Indiana.
Summary of Transaction Details
- Property Type: Industrial, Office, Multifamily
- Transaction Amount: $100,000,000
- Market: New York, Illinois & Indiana
The buyer, Intersection Realty Group (IRG), represented by Truman Tolefree, successfully acquired the Montclare Apartment Portfolio.
The industrial sale at New York City, New York, United States in New York, New York sold for $100M in 2021. The building is 1,000,000 square feet, implying about 100 per square foot on the published price. Named participants on the New York City, New York, United States sale are Truman Tolefree. This page is the New York, New York file for the New York City, New York, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same New York sit in the Market section below. Filter that New York industrial set by closing date to see what else sold near New York City, New York, United States around 2021. Published consideration for New York City, New York, United States is $100M, dated 2021. Cite this Intersection Realty Group Acquires Montclare Apartment Portfolio In New York, Illinois & Indiana For $100M With Truman Tolefree sale when underwriting similar industrial product around New York, New York.
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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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