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2566 South Delaware Street

Hill Street Realty Acquires Delaware Street Townhomes Multifamily In Denver For $10.4M
SOLDMultiFamily

Hill Street Realty Acquires Delaware Street Townhomes Multifamily In Denver For $10.4M

2566 South Delaware Street, 2598 South Delaware Street, 351 West Vassar Avenue & 375 West Vassar Avenue

$10,400,000

Building Size

Asset Type

MultiFamily

Closing

Sep 12, 2023

AI

Hill Street Realty, represented by Joseph Penner, has acquired the Delaware Street Townhomes in Denver's South Broadway neighborhood for a total of $10.4 million. The multifamily building was sold by Pando Holdings, with Kiely Wilson as the seller's representative.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $10,400,000
  • Address: 2566-2598 South Delaware Street & 351-375 West Vassar Avenue, Denver, CO
  • Market: Denver, CO

The sale of the Delaware Street Townhomes was facilitated by CBRE brokers Andy Hellman, Brad Schlafer, Erik Toll, Jessica Graham, and Justin Hunt. This transaction marks another successful deal for Hill Street Realty, expanding their portfolio in Denver's real estate market.

Players

Jessica Graham

CBRE

Broker

$30.1M

vol

3 deals

Broker
Hill Street Realty
Hill Street RealtyBuyer

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

1.53%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93