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.
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