Updated Dec 4, 2024
Compass Acquires Multifamily Property At 1280 Albion St. In Denver For $6.1M
1280 Albion Street
$6,100,000
Units
24
Asset Type
MultiFamily
Closing
May 9, 2024
About this deal
AI
The Glenwood, a 24-unit multifamily property located at 1280 Albion St. in Denver, Colorado, was recently sold for $6.1 million, translating to $254,166 per unit.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,100,000
- Address: 1280 Albion Street
- Market: Denver, CO
- Units: 24
- Price Per Unit: $254,166
- Buyer's Representative: Compass
- Seller's Representatives: Conner Piretti & Greg Johnson - NorthPeak Commercial Advisors
NorthPeak Commercial Advisors played a pivotal role in facilitating the sale of The Glenwood, bringing together the buyer represented by Compass and the sellers, Conner Piretti and Greg Johnson. The transaction underscores the vibrant real estate market in Denver, showcasing the value and potential of multifamily properties in the area.
On the Map
$6,100,000
MultiFamily
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Players
Denver 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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93