Updated Dec 4, 2024
NorthPeak Commercial Advisors Brokers Close $3.9M Sale Of Denver Multifamily Property
1335 Gaylord Street
$3,900,000
$392/SF
Building Size
9,936 SF
Asset Type
MultiFamily
Closing
Jul 3, 2024
About this deal
AI
An apartment building located at 1335 Gaylord Street in Denver, CO has been sold for $3.9 million. The property consists of 17 units spanning 9,936 square feet, with each unit costing approximately $229,412 and a price per square foot of $393.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,900,000
- Units: 17
- Price per Unit: $229,412
- Square Footage: 9,936
- Price per Square Foot: $393
- Address: 1335 Gaylord Street
- Market: Denver, CO
Conner Pieretti, Greg Johnson, Joe Hornstein, and Scott Fetter from NorthPeak Commercial Advisors were the brokers who facilitated the sale of the multifamily property at 1335 Gaylord Street. The transaction amounted to $3.9 million, with each unit priced at $227,941.
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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93