Updated Dec 4, 2024
NorthPeak Advisors Facilitates $2.7M Copper Gold Apartments Sale In Golden, CO
510 24th Street
$2,700,000
$604/SF
Building Size
4,464 SF
Asset Type
MultiFamily
Closing
Jul 2, 2024
About this deal
AI
The Copper Gold Apartments, a 14-unit multifamily property located at 510 24th St. in Golden, Colorado, was sold for $2.7 million. This transaction resulted in a price per unit of $192,857 and a price per square foot of $605.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Units: 14
- Price per Unit: $192,857
- Square Footage: 4,464
- Price per Square Foot: $605
- Address: 510 24th Street
- Market: Golden, CO
- Brokers: Joe Hornstein & Scott Fetter - NorthPeak Commercial Advisors
NorthPeak Commercial Advisors played a key role in facilitating the sale of the Copper Gold Apartments. The brokerage firm, represented by Joe Hornstein and Scott Fetter, successfully oversaw the transaction, showcasing their expertise in the real estate market of Golden, Colorado.
On the Map
$2,700,000
$604/SF
MultiFamily
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Players
Golden 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93