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CBRE Brokers Three-Property Multifamily Portfolio Deal in Denver
CBRE handled the $12.2 million sale of a three-property multifamily portfolio located in Denver’s Cheesman Park and Congress Park neighborhoods. The seller was an unnamed private local investor. An undisclosed local investment group purchased the 51-unit, 31,280-square-foot portfolio.
The portfolio included:
- Park Lafayette, 27 units, located at 950 Lafayette St.
- 1120 York, 12 units, located at 1120 York St. (pictured)
- 1136 York, 12 units, located at 1136 York St.
Most of the units in the portfolio were renovated over the past few years. Select residences in Park Lafayette have premium finishes including quartz countertops, new cabinets, stainless steel appliances and plank flooring. Park Lafayette, located one block west of Cheesman Park, also has a pool, lounge area with a gas firepit and barbeque grill.
The buyer plans to renovate the few remaining unrenovated units and update the common areas.
CBRE’s Robert Bratley represented the seller.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

