Daniel T Enterprises completed the closing of 87-15 Britton Ave., located in Elmhurst. 87-15 Britton Ave., a 4-story walk-up building, with 16 residential units, totaling 16,160 s/f, was sold for $3.575 million, $221 per s/f, one of the highest prices per s/f paid for comparable investment properties in Elmhurst for this year.
"Both seller and purchaser were anxious to finalize this transaction," said Tamir Daniel, president and CEO of Daniel T Enterprises. "For the purchaser, this was a rare opportunity to acquire this type of multifamily investment in Elmhurst; For the seller, he achieved the highest price per s/f paid for a multifamily investment property in Elmhurst this year." "Since both parties were satisfied with the outcome, we were very pleased with our services," Daniel added.
Daniel represented the seller, Chick-Teri Corp., and the purchaser, 8715 Britton Avenue LLC in the transaction.
Daniel T Enterprises is a boutique commercial real estate services firm, specializing in investment sales and retail leasing. Tags: