Denver, CO – April 29, 2022 – Kaufman Hagan facilitated the portfolio sale of Park Avenue Apartments, a 28 Unit Multifamily property located at 1550 Lafayette St + the single family residence at 1544 Lafayette St for $6,000,000.
Kaufman Hagan Broker Gunnar Wilson + Principal & Senior Advisor, Brandon Kaufman, represented both the Buyer and Seller in this transaction.
“We are very excited to reach the closing table on the Park Avenue Apartments. This property has been listed for sale on and off for the last 10 years and has been worked on by our team for the last 4. It is one of 67 remaining buildings designed by the renowned Denver architecture firm Fisher & Fisher.” – Gunnar Wilson, Kaufman Hagan Commercial Real Estate.
For more information on this transaction or to discuss multifamily investing, please contact Gunnar Wilson at 970-306-3787 or gwilson@khcommercial.com
SALE HIGHLIGHTS
Property Type: Multifamily
Closed Date: April 29, 2022
Property: Park Avenue Apartments, 1550 Lafayette St, Denver, CO 80218 | 28 Units | 16,705 SF
Sale Price: $6,000,000
Price/Unit: $214,286
Price/SF: $359
Cap Rate: 4.6%
About Kaufman Hagan Commercial Real Estate
Kaufman Hagan is a Denver-based commercial real estate brokerage, built by various industry leaders to create unique, high-value services for our investment partners and our brokers.
We drive disproportionate value to our partners through innovation, relentless effort, superior market knowledge and our belief in the value of owning every aspect of the client relationship.
