Kyle Malnati’s Central Denver Apartment Market Report for 1Q2012 details Apartment Buildings Sold in Denver during the 3rd and 4th Quarters of 2011. The statistics for Uptown Sales are 8 properties sold: Averages – $134.90/SF – $89,130/unit. The Uptown neighborhood of Denver is described by the following: Bounded by Broadway, Colorado Boulevard, 20th Avenue, and Colfax Avenue. The detailed information about each apartment building sale can be found below or in my latest newsletter. Best Regards, Kyle Malnati (Denver Apartment Buildings For Sale website)
- Denver — Uptown Apartment Buildings SOLD
- 7/1/2011: 1521 Humboldt St. – Price: $1,030,000 – Units: 13 (Price/SF: $125.92; Price/Unit: $79,231)
- 10/4/2011: 1632 Franklin St. – Price: $490,000 – Units: 5 (Price/SF:$144.88; Price/Unit:$98,000)
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11/30/2011: 1631 Race St. – Price: $425,777 – Units: 6 (Price/SF: $157.70;Price/Unit: $70,833)
- 12/7/2011 – 230-240 E. 19th Ave. – Price: $2,875,000 – Units: 34 (Price/SF: $176.16.00; Price/Unit: $84,559)
- 12/12/2011 – 3400 E. 17th Ave. – Price: $2,250,000 – Units: 30 (Price/SF: $102.61; Price/Unit:$75,000)
- 12/12/2011: 1721 Marion St. – Price: $970,000 – Units: 8 (Price/SF: $158.91; Price/Unit: $121,250)
- 12/12/2011: 1717 Race St. – Price: $775,000 – Units: 11 (Price/SF: $109.12; Price/Unit: $70,455)
- 12/21/2011: 1535-1537 Gaylord St. – Price: $525,000 – Units: 7 (Price/SF: $148.98; Price/Unit: $75,000)
Kyle Malnati
Madison Commercial Properties, LTD
1221 South Clarkson Street, Suite #300
Work Phone: 303-771-3850
Cell Phone: 303-358-4250
kmalnati@madisonprops.com
www.DenverApartmentBuildingsForSale.com