Legacy Asset – First Time Trading in 32 Years

1550 Lafayette St, Denver, CO 80218

Denver, CO – April 29, 2022 – Kaufman Hagan facilitated the sale of Park Avenue Apartments, a 28 Unit Multifamily property located at 1550 Lafayette St in Denver, 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

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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%

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