Denver County
Property Location: 1222 E. 16thAve. (1575 Lafayette St.), Denver
Property Description: 41-unit, three-story apartment, 24,563 sf, YOC 1909
Land Size: 12,500 sf
Sales Price: $9.53M, or $232,317 per door, or $387.78 psf
Reception No.: 2018057501
Closing Date: 5/15
Grantor: 1575 Lafayette Denver LLC, c/o Heartwood Properties, Eric Mallon, mgr.
Grantee: Lafayette Denver LLC, Corvue Holdings, Tom Bade, dir., 312-525-2016, 332 S. Michigan Ave, 9th Floor, Chicago, IL 60604
Financing: Subject to $4.2M note payable to TCF National Bank
Comments: This apartment building has the following floorplans: studio units @ 450 sf, rent for $1,000-$1,100/mo.; one-bedroom units @ 550 sf rent for $1,275-$1,400/mo.; two-bedroom/one-bath units @ 700 sf rent for $1,400-$1,600/mo.; three-bedroom/one-bath units @ 1,200 sf start at $2,100.
Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.
