Denver Apartment Building Sales: Uptown Neighborhood 2013Q4 Report

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Uptown 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 and 3rd Quarter of 2013.

Uptown Denver Apartment Building Sales: 7 properties sold: Averages – $177.17/SF – $86,371/unit

9/25/2013 – 1540 Logan St. – Price: $3,200,000 – Units: 31 – Price/SF: $162.77 – Price/Unit: $103,226
6/28/2013 – 1733 Williams St. – Price: $1,967,213 – Units: 61 – Price/SF: $192.52 – Price/Unit: $81,967
6/28/2013 – 1777 Williams St. – Price: $2,832,787 – Units: 61 – Price/SF: $180.95 – Price/Unit: $78,688
6/7/2013 – 1560 Sherman St. – Price: $3,080,000 – Units: 33 – Price/SF: $91.72 – Price/Unit: $93,333
5/31/2013 – 1626 Logan St. – Price: $4,450,000 – Units: 52 – Price/SF: $168.13 – Price/Unit: $85,577
4/26/2013 – 1915 Sherman St. – Price: $2,625,000 – Units: 35 – Price/SF: $240.36 – Price/Unit: $75,000
4/26/2013 – 1651 Washington St. – Price: $3,125,000 – Units: 36 – Price/SF: $189.50 – Price/Unit: $86,806

In comparison to the comps from the  2012 4th quarter newsletter, the Uptown apartment building sales 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 – $132.11 –> Compared to $177.17 in 2013

Average Price/Unit 2012 – $76,051 –> Compared to $86,371 in 2013

Uptown Buildings Sold 2012 – 6 –> Compared to 7 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)
Greg Johnson (303-343-8333)
Madison & Company Properties
1221 South Clarkson Street, #300, Denver, CO 80210
kmalnati@madisonprops.com
gjohnson@madisonprops.com