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NorthPeak Commercial Advisors Facilitates $2.3 Million Sale Of Multifamily Building In Denver

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SOLD
$2,300,000

Colorado

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MultiFamily
Sold 07/16/2024
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Property Image
SOLD

NorthPeak Commercial Advisors Facilitates $2.3 Million Sale Of Multifamily Building In Denver

995 Corona Street

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MultiFamily
Sold 07/16/2024
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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.

Players

Conner Piretti
3 deals$14.6M volume(303) 818-1805
BROKER

Greg Johnson
NorthPeak Commercial Advisors
4 deals$18.5M volume(303) 810-1328
BROKER

Details

SOLD
IMAGE: 07/16/2024 ADDRESS: 995 Corona Street MARKET: Denver, CO ASSET TYPE: Multifamily BROKERS: Conner Piretti & Greg Johnson - NorthPeak Commercial Advisors SALE PRICE: $2,300,000 UNITS: 11 ~ PPU: $209,091 NOTE: NorthPeak Commercial Advisors facilitated the sale of a Denver apartment building at 995 Corona St. for $2.3 million. Greg Johnson and Conner Piretti represented the undisclosed seller, while the buyer's identity remains confidential.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,171.42
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