Updated Sep 9, 2024
NorthPeak Commercial Advisors Facilitates $6.2M Sale Of MultiFamily Property On Logan St In Denver's Capitol Hill Neighborhood
1115 Logan Street Denver, Colorado 80203, USA
$6,200,000
$430/SF
Building Size
14,415 SF
Asset Type
MultiFamily
Closing
Aug 14, 2023
About this deal
AI
A residential property at 1115 Logan St. in Denver's Capitol Hill neighborhood has been sold for $6.2 million, with each unit priced at an average of $221,428. The property consists of 28 units, offering a total square footage of 14,415 at a price per square foot of $430.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $6,200,000
- Market: Denver, CO
- Brokers: Conner Piretti & Greg Johnson - NorthPeak Commercial Advisors
- Units: 28
- Price per Unit: $221,429
- Square Footage: 14,415
- Price per Square Foot: $430
NorthPeak Commercial Advisors played a key role in facilitating the sale of the residential property at 1115 Logan St. Their expertise and negotiation skills contributed to the successful completion of the deal. The property's location in Denver's Capitol Hill neighborhood adds to its appeal, as it is a popular and sought-after area for residential investments.
Players
Grand Rapids MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93