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230 East 19th Avenue, Denve...

Quantum Capital Acquires Multifamily Property In Denver For $8.4M
SOLDMultiFamily

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

Jessica Graham

CBRE

Broker

$30.1M

vol

3 deals

Broker

Cohen Rojas

Capital Partners

Seller

$29.7M

vol

2 deals

Seller
S3 Capital
S3 CapitalSeller

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