Quantum Capital Acquires Multifamily Property In Denver For $8.4M
230 East 19th Avenue, Denver, Colorado 80203, United States
$8,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 26, 2022
AI
The multifamily property located at 230-240 E 19th Ave in Denver, CO has been sold in a transaction. The property consists of 34 units and was sold for a price of $8,400,000, resulting in a per unit price of $247,059.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $8,400,000
- Units: 34
- Price Per Unit: $247,059
The buyer in this transaction was Quantum Capital, while the seller was Cohen Rojas Capital Partners. The deal was facilitated by brokers Erik Toll, Andy Hellman, Justin Hunt, and Brad Schlafer of CBRE, with assistance from Jessica Graham. Note that Erik Toll, Andy Hellman, Justin Hunt, Brad Schlafer, and Jessica Graham are representatives of CBRE in this deal.
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
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93