Updated Dec 4, 2024
NorthPeak Commercial Advisors Brokers $2.4M Sale Of 12-Unit Multifamily At 4630 East Asbury Circle
4630 East Asbury Circle
$2,400,000
Units
12
Asset Type
MultiFamily
Closing
Oct 15, 2024
About this deal
AI
A 12-unit multifamily apartment building was sold for $2,400,000 at 4630 East Asbury Circle in the Denver, CO market. The price per unit amounted to $200,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Units: 12
- Price Per Unit: $200,000
- Brokers: Hunter Schaefer, Jack Sherman, Kevin Calame & Matt Lewallen - NorthPeak Commercial Advisors
Jack Sherman and Hunter Schaefer represented the seller in this transaction, while Kevin Calame and Matt Lewallen acted as representatives for the buyer. NorthPeak Commercial Advisors facilitated the entire sale process.
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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93