Denver, CO – September 13, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 1257 York Street, a 7-unit apartment building located in Denver, CO.
Senior Advisors Conner Piretti & Greg Johnson (NorthPeak Commercial Advisors’ Johnson-Piretti Team) represented Seller in this transaction.
“We were pleased to be able to work with a local Seller who cashed in on a hot multifamily market after 48 years of ownership during which she operated the building herself until a year ago. The Buyers edged out competing offers to add another building to their growing portfolio in the neighborhood and plan extensive renovations of the property. “ – Conner Piretti, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Conner Piretti at 303-818-1805 or Conner@NorthPeakCRE.com.
SALE HIGHLIGHTS
Property Type: Multifamily
Address: 1257 York Street | Denver, CO 80206
Closed Date: September 13, 2021
Sale Price: $1,300,000
Number of Units: 7
Price / Unit: $185,714
Building Size: 5,745 SF
Price / SF: $226
Cap Rate: 2.9%
