Capstone has closed the sale of Sherman Commons, a 35-unit multifamily property for the sale price of $8,050,000. Brandon Kaufman & Nik MacCarter of Capstone represented the Buyer in the transaction.
The 35-unit property consists of 1 studio, 24 one-bedroom units & 10 two-bedroom units. The building was delivered to the buyer with new windows, new stairs & new landings installed in 2020. The property includes 34 off-street tenant parking spaces.
The Sherman Commons Apartments are located at 10 South Sherman Street, at the intersection of South Sherman & East Ellsworth Avenue. The property is located in the highly desirable West Washington Park neighborhood and is within walking distance to the many restaurants & shops along South Broadway.
The buyer plans to continue to operate the property smoothly and cashflow.
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About Capstone:
The goal of Capstone is to help generate, maintain, and increase the value and profitability of our clients’ multi-housing investment properties. To do so, we provide comprehensive multi-housing advisory services in asset acquisition and development, strategic ownership decisions, market insight and positioning, property value analysis, and disposition brokerage to support our clients in every stage of ownership. This comprehensive multi-housing-focused service offering paired with our relentless drive to win on behalf of our clients is what sets us apart from pedestrian brokerage firms. Capstone simply put: Expertise. Experience. Extra-Mile.
