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NorthPeak Commercial Advisors Facilitates $2.3 Million Sale Of Multifamily Building In Denver
SOLD
Colorado
See Similar DealsMultiFamily
Sold 07/16/2024
SOLD
NorthPeak Commercial Advisors Facilitates $2.3 Million Sale Of Multifamily Building In Denver
995 Corona Street
See Similar DealsMultiFamily
Sold 07/16/2024
Summary
COLORADO
Asset Type:MultiFamily
Transaction Type:Sale
The asset involved in the transaction is a multifamily apartment building located at 995 Corona Street in Denver, CO. The property was sold for a total of $2,300,000, comprising 11 units, which results in a price per unit of $209,091.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Address: 995 Corona Street
- Market: Denver, CO
- Units: 11
- Price per Unit: $209,091
NorthPeak Commercial Advisors played a pivotal role in facilitating this sale. Greg Johnson and Conner Piretti represented the undisclosed seller in the transaction, while the identity of the buyer remains confidential.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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