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NorthPeak Commercial Advisors Brokers Close $3.9M Sale Of Denver Multifamily Property

Property Image
SOLD
$3,900,000
Joe Hornstein
Greg Johnson
+ 1

Colorado

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MultiFamily9,936 SF
Sold 07/03/2024
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Property Image
SOLD

NorthPeak Commercial Advisors Brokers Close $3.9M Sale Of Denver Multifamily Property

1335 Gaylord Street

See Similar Deals
MultiFamily9,936 SF
Sold 07/03/2024
Joe Hornstein
Greg Johnson
+ 1
Contact now

Summary

COLORADO
Asset Type:MultiFamily
Price Per Square Foot:$392
Total Square Footage:9,936 SF
Transaction Type:Sale

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

Scott Fetter
8 deals$55.1M volume
BROKER

Joe Hornstein
NorthPeak Commercial Advisors
8 deals$55.1M volume
BROKER

Greg Johnson
NorthPeak Commercial Advisors
4 deals$18.5M volume(303) 810-1328
BROKER

Conner Pieretti
NorthPeak Commercial Advisors
1 deal$3.9M volume(303) 818-1805
BROKER

Details

SOLD
IMAGE: 07/03/2024 ADDRESS: 1335 Gaylord Street MARKET: Denver, CO ASSET TYPE: Multifamily BROKERS: Conner Pieretti, Greg Johnson, Joe Hornstein & Scott Fetter - NorthPeak Commercial Advisors SALE PRICE: $3,900,000 UNITS: 17 ~ PPU: $229,412 SF: 9,936 ~ PPSF: $393 NOTE: NorthPeak Commercial Advisors facilitated the sale of a Denver apartment building at 1335 N. Gaylord St. for $3.9 million, equating to $227,941 per unit.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$208,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88