Denver: Uptown and Washington Park neighborhood apartment building sales.
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).
Denver: Uptown Apartment Building Sales: 3 properties sold: Averages – $190.05/SF – $204,897/Unit
5/19/2014 – 1756 Clarkson St. – Units: 60 – Price: $15,200,000 ($304.00/SF; $253,333/unit)
5/9/2014 – 1899 Gaylord St. – Units: 61 – Price: $11,500,000 ($119.79/SF; $188,525/Unit)
3/5/2014 – 1778 Gilpin St. – Units: 24 – Price: $3,010,000 ($291.50/SF; $125,417/Unit)
Denver: Washington Park Building Sales: 1 property sold: Averages – $205.09/SF – $108,000/Unit
5/29/2014 – 25 S. Emerson St. – Units: 17 – Price: $1,836,000 ($205.09/SF; $108,000/Unit)
Two special notes are worth mentioning:
#1 – The sale of 1756 Clarkson Street was completed by Greg Johnson and Kyle Malnati. To date, this was the largest transaction of both of our careers. We really appreciate the opportunity to earn the business of our clients involved in this transaction.
#2 – Denver’s Washington Park neighborhood ONLY had one sale!! This is a remarkably low amount of transactions for the neighborhood in a 3 month period. There are typically five to seven sales in Washington Park every six months.
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