Apartment building sale in Denver - 1599 Williams Street
Posted on Tue, Feb 15, 2011
The William Tell Apartments is an 81-Unit affordable housing community located 1599 Williams Street in the heart of the Uptown neighborhood in Central Denver. The multifamily property was constructed in 1964 and consists of 8-Studio, 72- 1Bedroom/1Bath and 1-2Bedroom/1Bath apartment units.
Joe Hornstein, Kevin Calame and Matt Lewallen, commercial real estate brokers for Pinnacle Real Estate Advisors in Denver, assisted both the Seller and the Buyer in the transaction. Mr. Hornstein represented the Buyer and Calame and Lewallen, represented the Seller. The transaction closed on February 15, 2011 with contract price of $5,100,000 or $62,962 per unit and $96 per square foot.
The Buyer, Brothers Redevelopment, Inc. is a local non-profit group with the mission “To provide safe, affordable, accessible housing and housing services for Colorado's low-income, elderly and disabled residents.” With the acquisition of The William Tell Apartments, Brothers Redevelopment, Inc. currently owns and operates 576 affordable apartment units in the Denver metro area. For more information on Brothers Redevelopment, Inc., please visit http://www.brothersredevelopment.org/home/.
For more information on this apartment building sale in Denver or other Colorado commercial real estate transactions please contact Joe Hornstein at 303.962.9547, jhornstein@pinnaclerea.com or Kevin Calame at 303.962.9535, kcalame@pinnaclerea.com.
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To view a current list of our apartment buildings for sale in Denver, visit: www.pinnaclerea.com/featured-listings.