Abe Garbo & Sara Rottenberg Acquire Mixed-Use Property In Elmhurst For $4.325M
75 02 51st Avenue
$4,325,000
$393/SF
Building Size
11,000 SF
Asset Type
Mixed-use
Closing
Feb 24, 2025
AI
The asset involved in the transaction is a mixed-use building located at 75-02 51st Avenue in Elmhurst. The property was sold for $4,325,000 and has a total square footage of 11,000, translating to a price per square foot of $393.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,325,000
- Square Footage: 11,000
- Price Per Square Foot: $393
- Buyer: Abe Garbo & Sara Rottenberg - Invest With Us Capital
- Sale Date: 02/24/2025
- Market: Elmhurst
Abe Garbo and Sara Rottenberg represented Invest With Us Capital in the purchase of the property, which is currently occupied by an existing school for kids with special needs that will continue to remain as a tenant.
Players
Elmhurst Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.67%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93