Denver, CO – March 3, 2022 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 1075 N Downing St., located in Denver, CO.
Joe Hornstein and Scott Fetter, Principals at NorthPeak Commercial Advisors, represented the buyer in this transaction.
“The buyer was very fortunate to acquire this 5-unit, turn of the century building at a bargain. The property hit the open market and received several offers and we were able to help the buyer craft a competitive offer to win the deal. The buyer plans to update the units and substantially increase rental rates.”
-Joe Hornstein, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Joe Hornstein at 720-939-2943 or Joe@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Property Type: Multifamily
- Closed Date: February 28, 2022
- Address: 1073 N Downing St. Denver, CO 80218
- Sale Price: $975,000
- Number of Units: 5 ($195,000/Unit)
- Property Size: 3,931 SF ($248/SF)
