Montclair 29-Unit Sells for $7,000,000

1465 Jersey St, Denver, CO 80220

Denver, CO – July 22, 2022 – Kaufman Hagan facilitated the sale of Jersey Apartments, a 29 Unit Multifamily property located in Denver for $7,000,000.

Kaufman Hagan Principal & Senior Advisor, Brandon Kaufman, along with Kaufman Hagan Broker, Gunnar Wilson, represented both sides in this transaction.

“Jersey Apartments is a beautiful 3 story property with a tremendous unit mix and off street covered parking. Its Montclair location, recent cap-ex upgrades & superior management by Cornerstone made it an attractive investment for the Buyer; who will make various cosmetic upgrades to capture market increases in rent due to the areas growth. The sale process went smoothly, and was facilitated on both sides by Kaufman Hagan Commercial Real Estate.”

Brandon Kaufman, Kaufman Hagan Commercial Real Estate.

For more information on this transaction or to discuss multifamily investing, please contact Brandon Kaufman at 303-547-7357 or bkaufman@khcommercial.com.


SALE HIGHLIGHTS

  • Property Type: Multifamily
  • Closed Date: July 22, 2022
  • Property Address: 1465 Jersey St, Denver, CO 80220 | 29 Units | 22,916 SF
  • Sale Price: $7,000,000
  • Price/Unit: $241,379
  • Price/SF: $306
  • Cap Rate: 4.3%

SOLD BY

Brandon Kaufman
Principal + Senior Advisor
303-547-7357 | bkaufman@khcommercial.com


LOCATION


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