Alexander Leder's New Construction Townhomes In Denver, Colorado Sell For $21M
SOLD
$21,000,000
Colorado
See Similar DealsMultiFamily52,090 SF
Sold 04/20/2020
SOLD
Alexander Leder's New Construction Townhomes In Denver, Colorado Sell For $21M
3116 Gilpin St, Denver, CO 80205, USA
See Similar DealsMultiFamily52,090 SF
Sold 04/20/2020
Summary
COLORADO
Asset Type:MultiFamily
Price Per Square Foot:$403
Total Square Footage:52,090 SF
Transaction Type:Sale
Four new construction townhomes located in Denver, Colorado have been sold in a transaction handled by Alexander Leder from BigAlchemist. The properties are situated at 3 South Ogden Street, 3116 N Gilpin Street, 417 Harrison Street, and 542 Kalamath Street.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $21,000,000
- Square Footage: 52,090
- Price Per Square Foot: $403
- Number of Units: 35
- Market: Denver, Colorado
Alexander Leder from BigAlchemist represented the parties involved in the deal. Additional information regarding the individuals and companies associated with the transaction is not available.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,120,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$74,608.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$99,550.71
Annual Debt Service$1,194,608.56
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