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Stuho Acquires University Park Multifamily From Irvin Kanthak Trust For $46M With Brokers Ernie Carswell & Sean Rosenzweig

Douglas Elliman & Marcus & Millichap Brokers deal for $46,000,000 in University Park
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This MultiFamily property located in IL was sold for $46,000,000 over 4 years ago. The brokers of the deal were Rob Bellamy, Sam Shakerchi, Ernie Carswell, Tony Azzi, Sean Rosenzweig, Rick Tyberg, and Rabbie Banafsheha

The multifamily property located in University Park has been sold. The transaction took place on November 6, 2019. The property, consisting of 193 units, was sold for a total price of $46,000,000, resulting in an average price per unit of $238,341. The seller in this transaction was the Irvin Kanthak trust, while the buyer was Stuho.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $46,000,000
  • Units: 193
  • Price per Unit: $238,341

The deal was facilitated by a team of brokers. Ernie Carswell, Rick Tyberg, and Sam Shakerchi from Douglas Elliman, along with Sean Rosenzweig, Tony Azzi, Rabbie Banifsheha, and Rob Bellamy from Marcus & Millichap, represented the seller and buyer respectively.

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Deals
  • Location
    University Park, IL, USAUniversity Park, IL, USA
  • Sale Price
    $46,000,000$46,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    7 Brokers, 3 Agencies7 Brokers, 3 Agencies

Agents

Sam Shakerchi

Sam Shakerchi

Deals2
Sold$46M

Tony Azzi

Tony Azzi

Deals41
Sold$304.4M

Agencies

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Compass

Compass

Agency
Deals2902
Volume$20.9B

Douglas Elliman

Douglas Elliman

Agency
Deals1571
Volume$18.3B

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Deal Summary

SALE IMAGE: Sam Shakerchi, Ernie Carswell, Tony Azzi & Sean Rosenzweig DATE: 11/06/2019 MARKET: University Park ASSET TYPE: Multifamily SELLER: Irvin Kanthak trust BUYER: Stuho BROKERS: Ernie Carswell, Rick Tyberg, Sam Shakerchi - Douglas Elliman; Sean Rosenzweig, Tony Azzi, Rabbie Banifsheha & Rob Bellamy -Marcus & Millichap PRICE: $46,000,000 UNITS: 193 ~ PPU: $238,341

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Douglas Elliman & Marcus & Millichap Brokers deal for $46,000,000 in University Park

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