Updated Dec 4, 2024
NorthPeak Commercial Advisors Facilitates $2.3 Million Sale Of Multifamily Building In Denver
995 Corona Street
$2,300,000
Units
11
Asset Type
MultiFamily
Closing
Jul 16, 2024
About this deal
AI
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.
On the Map
$2,300,000
MultiFamily
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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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93