AB Greene Development Sells Denver Townhouse Development For $14.4M With Alexander Leder Of Alexander Leder Group As The Broker
3521 West Conejos Place, Denver, CO, USA
$14,400,000
$10,176/SF
Building Size
1,415 SF
Asset Type
Development Site
Closing
Dec 1, 2020
AI
A townhouse development located at 3521 West Conejos Pl. & 3550 West 16th Ave. in Denver, Colorado has been sold by AB Greene Development. The sale took place on December 2, 2020, and was facilitated by broker Alexander Leder. The property consists of 24 units, with each unit being sold at an average price of $600,000. The total transaction amount for this sale was $14,400,000.
Summary of transaction details
- Property Type: Townhouse Development
- Transaction Amount: $14,400,000
- Address: 3521 West Conejos Pl. & 3550 West 16th Ave., Denver, Colorado
- Market: Denver, Colorado
- Seller: AB Greene Development
- Brokers: Alexander Leder
- Units: 24
- Price Per Unit (PPU): $600,000
This transaction showcases the successful sale of a townhouse development in Denver, Colorado. AB Greene Development, represented by broker Alexander Leder, sold the property to an undisclosed buyer. The sale not only highlights the robust real estate market in Denver but also emphasizes the appeal of townhouse developments as an investment opportunity.
Denver Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.10%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93