Located less than a block from Denver’s Botanic Gardens, 1177 N York is well positioned in one of the city’s trendiest neighborhoods, Cheesman Park. The neighborhood is attractive to young renters due to its proximity to shopping, dining, and entertainment as well as to public transportation, located on the main thoroughfare, Colfax Avenue.
Upgrades included new kitchens and bathrooms with contemporary finishes, in-unit laundries, and mini-split air conditioning systems. Common areas were refreshed with new paint, carpeting, lighting, and landscaping.
The building was sourced via JAB’s direct outreach approach to an established Denver real estate investor. JAB’s ability to make an aggressive and compelling offer generated confidence in the seller, facilitating a smooth and swift transaction. By directly connecting to ownership, we eliminated a competitive bidding process, acquiring the building at an attractive cost basis.
