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757 Grant Street, Denver, C...

Cohen Rojas Capital Partners Acquires Multifamily Property In Denver For $21.25M
SOLDMultiFamily

Cohen Rojas Capital Partners Acquires Multifamily Property In Denver For $21.25M

757 Grant Street, Denver, Colorado 80203, United States

$21,250,000

Building Size

Asset Type

MultiFamily

Closing

Sep 18, 2022

AI

The multifamily property located at 757 Grant St in Denver, CO was recently sold in a closed transaction. The property consists of 68 units and was acquired by Cohen Rojas Capital Partners for a total price of $21,250,000, equating to an average price per unit of $312,500.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $21,250,000
  • Units: 68
  • Price per Unit: $312,500

Cohen Rojas Capital Partners acted as the buyer in the transaction, while LCP Development served as the seller. The sale of this multifamily property represents a significant investment in the Denver market.

Players

Cohen Rojas

Capital Partners

Buyer

$29.7M

vol

2 deals

Buyer
S3 Capital
S3 CapitalBuyer

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

0.75%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93