Denver: Capitol Hill neighborhood apartment building sales. Denver Apartment Buildings For Sale website published its 4th Quarter newsletter for 2013.
The purpose of this newsletter is to provide insight on the direction of the Central Denver apartment sales market, and to recap the transactions that occurred in the 2nd & 3rd Quarter of 2013.
Capitol Hill Denver Apartment Building Sales: 15 properties sold: Averages – $158.71/SF – $116,379/unit
9/12/2013 – 1269 Marion St. – Price: $882,060 – Units: 16 – Price/SF: $116.06 – Price/Unit: $55,129
9/4/2013 – 1260 Vine St. – Price: $610,000 – Units: 6 – Price/SF: $132.87 – Price/Unit: $101,667
8/30/2013 – 1232 Gaylord St. – Price: $875,000 – Units: 5 – Price/SF: $159.29 – Price/Unit: $175,000
8/16/2013 – 1159 Corona St. – Price: $701,000 – Units: 7 – Price/SF: $164.67 – Price/Unit: $100,143
8/15/2013 – 1272 Washington St. – Price: $1,050,000 – Units: 11 – Price/SF: $195.93 – Price/Unit: $95,455
8/7/2013 – 1234 Washington St. – Price: $1,575,000 – Units: 26 – Price/SF: $155.33 – Price/Unit: $60,577
7/25/2013 – 840 Washington St. – Price: $3,950,000 – Units: 40 – Price/SF: $168.24 – Price/Unit: $98,750
7/24/2013 – 1117 Pennsylvania St. – Price: $1,950,000 – Units: 14 – Price/SF: $210.56 – Price/Unit: $139,286
7/24/2013 – 1285 Clarkson St. – Price: $3,350,000 – Units: 25 – Price/SF: $216.88 – Price/Unit: $134,000
5/17/2013 – 1061 Humboldt St. – Price: $1,600,000 – Units: 6 – Price/SF: $141.14 – Price/Unit: $266,667
4/30/2013 – 1050 Emerson St. – Price: $1,115,000 – Units: 10 – Price/SF: $178.86 – Price/Unit: $111,500
4/26/2013 – 1430 Corona St. – Price: $435,000 – Units: 5 – Price/SF: $127.23 – Price/Unit: $87,000
4/18/2013 – 1436 Williams St. – Price: $1,350,000 – Units: 12 – Price/SF: $145.33 – Price/Unit: $112,500
4/9/2013 – 1121 Ogden St. – Price: $1,977,425 – Units: 17 – Price/SF: $159.99 – Price/Unit: $116,319
4/9/2013 – 1901 E. 13th Ave. – Price: $8,350,000 – Units: 93 – Price/SF: $108.24 – Price/Unit: $89,785
In comparison to the comps from the 2012 4th quarter newsletter, the apartment building sales in Capitol Hill have increased in average price per square foot, average price per unit as well as total buildings sold! The following statistics are from the 2nd and 3rd quarter sales of 2012 followed by the 2nd and 3rd quarter sales of 2013.
Average Price/SF 2012 – $130.26 –> Compared to $158.71 in 2013
Average Price/Unit 2012 – $89,687 –> Compared to $116,379 in 2013
Capitol Hill Buildings Sold 2012 – 13 –> Compared to 15 building sales in 2013
For more detailed information about Apartment Buildings For Sale in Denver, or to discuss your investment opportunities, please contact us at (303) 771-3850 or visit our website at: http://www.DenverApartmentBuildingsForSale.com
~Kyle Malnati (303-358-4250)
Madison & Company Properties
1221 South Clarkson Street, #300, Denver, CO 80210
kmalnati@madisonprops.com