Denver Apartment Building Sales: Mayfair Neighborhood 2014Q2 Report

Denver: Hale/Mayfair neighborhood apartment building sales.

Mayfair (Denver) Apartment Sales 2Q2014

Denver Apartment Buildings For Sale website published its 2nd Quarter newsletter for 2014.

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 after our last newsletter was published. These transactions occurred within the 1st and 2nd Quarters of 2014 (2/1/2014-5/31/2014).

Mayfair/Hale Denver Apartment Building Sales: 7 properties sold: Averages – $164.76/SF – $121,801/Unit

4/29/2014 – 4321 E. Hale Parkway – Units: 15 – Price: $2,165,000 ($142.00/SF; $144,333/Unit)
4/10/2014 – 840 Cherry St. – Units: 17 – Price: $1,606,500 ($179.52/SF; $94,500/Unit)
3/14/2014 – 5 Property Sale – Units: 141 – Price: $17,300,000 ($166.83/SF; $122,695/Unit)*

The five property sale that occurred on March 14, 2014 is called the “Moana Portfolio” which is named after the high-rise that anchors the portfolio. Below are the individual addresses of each property in the portfolio:
805 Dahlia St. – 17 Units
825 Dahlia St. – 64 Units
820 Dexter St. – 22 Units
880 & 890 Dexter St. – 39 Units

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 (303-810-1328)
Madison & Company Properties
1221 South Clarkson Street, #300, Denver, CO 80210
kmalnati@madisonprops.com
gjohnson@madisonprops.com
http://www.MadisonProps.com