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
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