Birk | Sklar Team Sets Pricing Record in Washington Park Sale
Kiser Group’s Birk | Sklar team brokered the sale of 724 E. 50th Pl. a six-unit property in the South Side’s Washington Park neighborhood. The property sold for $1,225,000, a new record price for the neighborhood at nearly $205,000 per unit.
Comprised of Noah Birk, Aaron Sklar, Jack Petrando, Austin Parker, Justin Turner, Michael Yangas and Ben Goldman, the team is still on pace to have its most active year, brokering 685 units across 42 apartment buildings year-to-date on Chicago’s South and West Sides.
“We’re continuing to see record-breaking prices throughout the South Side of Chicago,” said Birk. “This Washington Park deal is not only the highest price-per-door for the area, but also the surrounding neighborhoods. Capital is available and interest rates are low resulting in surging demand for investors seeking high cap rate deals.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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