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NorthPeak Commercial Advisors Represents Seller In $3.1M Sale Of 23-Unit Brunetti Lofts In Denver
SOLD
Colorado
See Similar DealsMultiFamily
Sold 02/26/2025
SOLD
NorthPeak Commercial Advisors Represents Seller In $3.1M Sale Of 23-Unit Brunetti Lofts In Denver
1316 26th Street & 1368 26th Street
See Similar DealsMultiFamily
Sold 02/26/2025
Summary
COLORADO
Asset Type:MultiFamily
Transaction Type:Sale
The property involved in this transaction is a multifamily asset known as Brunetti Lofts, located at 1316-1368 26th Street in Denver, Colorado. The transaction took place for a total sale price of $3,100,000, equating to a price per unit of approximately $134,783 across 23 units.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,100,000
- Address: 1316-1368 26th Street
- Market: Denver, CO
- Units: 23
- Price per Unit: $134,783
Kevin Calame and Matt Lewallen of NorthPeak Commercial Advisors represented the seller in this transaction, facilitating the sale of the property on February 26, 2025.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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