Essex Realty Group, Inc Acquires 55& Senior Living Apartment Building In Riverdale For $2.875M

Derek Kaptanoglu, a Director at Essex Realty Group, Inc, recently facilitated the sale of a special purpose property in Riverdale. The property, located at 14419 S Halsted St, is a 56-unit, 55+ active senior living apartment building. The transaction closed at a sale price of $2,875,000, which was within $25,000 of the list price. The property spans approximately 36,800 square feet, resulting in a price per square foot of $78.

Summary of transaction details:

• Property Type: Special Purpose
• Transaction Amount: $2,875,000
• Address: 14419 S Halsted St, Riverdale
• Market: Riverdale
• Broker: Derek Kaptanoglu - Essex Realty Group, Inc
• Square Footage: 36,800
• Price per Square Foot: $78

Congratulations to Derek Kaptanoglu and the entire suburban team at Essex Realty Group, Inc for successfully closing this transaction.