Interra Realty brokered the $4.95 million sale of 2105 W. Caton St. in Chicago’s Bucktown neighborhood. The nine-unit mixed-use property traded for $550,000 per unit.
Interra Senior Managing Partner Brad Feldman represented the buyer, a local private investor who also assumed the loan. Additionally, Feldman represented the seller, a developer he had worked with on the original 2018 land acquisition. The property was fully occupied at the time of sale. 2105 W. Caton is close to The 606 trail, as well as some of Bucktown and Wicker Park’s retail, restaurant, nightlife and hospitality offerings.
Completed in 2023, the boutique property features six two-bedroom units and two three-bedroom penthouse duplexes with private rooftop decks. Luxury finishes include Kinzini cabinetry, stainless-steel appliances, quartz countertops, in-unit laundry, and individual HVAC. The property also includes eight covered garage parking spaces and one street-level commercial space, currently leased to a Pilates studio.
Ariel Property Advisors closed the $21-million sale of a development site at 566 Grand Ave. and 836 Dean St. in Prospect Heights, Brooklyn. The corner development site comprises approximately 86,065 buildable square feet and traded for approximately $244 per buildable square foot. The transaction was arranged by Ariel partner Sean R. Kelly along with associate...
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Marcus & Millichap arranged the sale of Knott-Orange Apartments, a 35-unit multifamily property located at 515 S. Knott Ave. in Anaheim. The property sold for $9.65 million, or $275,714 per unit. “This transaction marked the fourth closing from a larger Anaheim-area multifamily portfolio as the seller continues to reposition its holdings through a 1031 exchange...
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JLL Capital Markets arranged $135 million in construction financing and joint venture equity for the development of The Ibex at Ridge Hill, a 282-unit luxury multifamily community at the Ridge Hill mixed-use lifestyle center in Yonkers. Senior managing directors Evan Pariser and Aaron Niedermayer and director John Lowe arranged the senior construction loan with Bank...
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