Washington Park and University of Denver 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.

DU/Washington Park Denver Apartment Building Sales: 12 properties sold: Averages – $182.43/SF – $119,859/unit

9/30/2013 – 10 S. Sherman St. – Price: $3,820,000 – Units: 35 – Price/SF: $186.04 – Price/Unit: $109,143
9/11/2013 – 550 Logan St. – Price: $2,256,178 – Units: 15 – Price/SF: $257.55 – Price/Unit: $150,412
9/11/2013 – 172 S. Clarkson St. – Price: $3,229,200 – Units: 23 – Price/SF: $251.61 – Price/Unit: $140,400
8/9/2013 – 2363 S. York St. – Price: $1,700,000 – Units: 12 – Price/SF: $215.54 – Price/Unit: $141,667
7/18/2013 – 918 S. Pennsylvania St. – Price: $3,050,000 – Units: 24 – Price/SF: $212.84 – Price/Unit: $127,083
7/8/2013 – 594-598 S. Lincoln St. – Price: $1,263,000 – Units: 10 – Price/SF: $150.45 – Price/Unit: $126,300
7/2/2013 – 2451 S. Gaylord St. – Price: $1,460,000 – Units: 10 – Price/SF: $152.27 – Price/Unit: $146,000
6/18/2013 – 1380 S. Sherman St. – Price: $750,000 – Units: 5 – Price/SF: $194.81 – Price/Unit: $150,000
6/3/2013 – 2421-49 S. Gaylord St. – Price: $1,660,000 – Units: 15 – Price/SF: $151.57 – Price/Unit: $110,667
5/31/2013 – 285 S. Lincoln St. – Price: $615,000 – Units: 11 – Price/SF: $50.31 – Price/Unit: $55,909
5/28/2013 – 2340 S. University Blvd. – Price: $1,310,000 – Units: 13 – Price/SF: $145.56 – Price/Unit: $100,769
5/1/2013 – 299 S. Lincoln St. – Price: $378,500 – Units: 6 – Price/SF: $83.54 – Price/Unit: $63,083

In comparison to the comps from the  2012 4th quarter newsletter, the apartment building sales in Washington Park and DU 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 – $157.29 –> Compared to $182.43 in 2013

Average Price/Unit 2012 – $97,923 –> Compared to $119,859 in 2013

Washington Park/DU Buildings Sold 2012 – 10 –> Compared to 12 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