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
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