Monarch Realty Partners Sells Multifamily In Chicago For $975,000
SOLD
$975,000
New York
See Similar DealsMultiFamily15,225 SF
Sold 11/29/2022
SOLD
Monarch Realty Partners Sells Multifamily In Chicago For $975,000
618 East 79th Street
See Similar DealsMultiFamily15,225 SF
Sold 11/29/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$64
Total Square Footage:15,225 SF
Transaction Type:Sale
The multifamily property located at 618 East 79th Street in Chicago has been sold for a total price of $975,000. This property consists of 20 units, resulting in a per unit price of $48,750. The total square footage of the property is 15,225, making the price per square foot $64.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $975,000
- Units: 20
- Price Per Unit: $48,750
- Square Feet: 15,225
- Price Per Square Foot: $64
- Date: 11/29/2022
- Address: 618 East 79th Street, Chicago
- Brokers: Robert Berman & Rudy Hancock - Monarch Realty Partners
The deal was facilitated by Robert Berman and Rudy Hancock of Monarch Realty Partners, who represented the buyers and sellers in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$52,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,463.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,622.00
Annual Debt Service$55,463.97
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