Central Denver Neighborhood Multifamily Sales (2015Q1 Report)

Central Denver Neighborhood Multifamily Sales (2015Q1 Report)

Central Denver Neighborhood Multifamily Sales (2015Q1 Report)

Denver Apartment Buildings For Sale website published its 1st Quarter newsletter for 2015.

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 have occurred since our last newsletter was published. These transactions occurred within the 4th Quarter of 2014 and the 1st Quarter of 2015 (12/16/2014-3/15/2015).

Capitol Hill – Denver Apartment Building Sales:
3 properties sold: Averages – $350.14/SF – $198,889/Unit

1/13/2015 – 833 Emerson St. – 20 Units – Price: $2,900,000 ($247.52/SF; $145,000/Unit)
1/30/2015 – 1115 Logan St. – 28 Units – Price: $3,500,000 ($285.71/SF; $125,000/Unit)
2/27/2015 – 777 Emerson St. – 42 Units – Price: $11,500,000 ($423.48/SF; $273,810/Unit)

City Park and Uptown – Denver Apartment Building Sales:
3 properties sold: Averages – $254.72/SF – $117,955/Unit

12/17/2014 – 1630 Pennsylvania St. – 20 Units – Price: $2,000,000 ($191.66/SF; $100,000/Unit)
12/31/2014 – 1733-1777 Williams St. – 60 Units – Price: $7,400,000 ($286.01/SF; $123,333/Unit)
1/8/2015 – 3030 Williams St. – 8 Units – Price: $980,000 ($220.62/SF; $122,500/Unit)

Park Hill and Mayfair – Denver Apartment Building Sales:
3 properties sold: Averages – $152.86/SF – $114,118/Unit

12/19/2014 – 1470 Ivy St. – 17 Units – Price: $2,250,000 ($160.11/SF; $132,353/Unit)
1/6/2015 – 1188 Bellaire St. – 17 Units – Price: $1,900,000 ($195.11/SF; $111,765/Unit)
2/4/2015 – 1460 Jasmine St. – 17 Units – Price: $1,670,000 ($116.93/SF; $98,235/Unit)

Washington Park – Denver Apartment Building Sales:
3 properties sold: Averages – $236.43/SF – $172,414/Unit

1/7/2015 – 23-33 Pearl St. – 34 Units – Price: $5,450,000 ($217.38/SF; $160,294/Unit)
1/12/2015 – 8 S. Logan St. – 14 Units – Price: $2,150,000 ($298.74/SF; $153,571/Unit)
2/6/2015 – 6 Lincoln St. – 39 Units – Price: $7,400,000 ($237.37/SF; $189,744/Unit)

For more detailed information about Apartment Building Sales 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