Apartment building sales in Denver - 1465 Jersey Street, 4450 Lowell Boulevard, and 1615 Ingalls Street
Posted on Wed, Dec 07, 2011
1465 Jersey Street is a 29-unit apartment complex located in the Mayfair neighborhood of Denver,CO. The multifamily property was originally constructed in 1955 and includes 1-Studio and 17-1Br/1Ba and 11-2Br/1Ba units.
Joe Hornstein, commercial real estate broker for Pinnacle Real Estate Advisors in Denver, assisted the Buyer (local investor) in the transaction. The transaction closed on November 29, 2011 with contract price of $1,985,000 or $68,448 per unit and $90 per square foot.
4450 Lowell Boulevard is a 7-unit apartment complex located in the Sunnyside/Highland neighborhood of Denver,CO. The multifamily property was originally constructed in 1903 and includes 1-Studio and 6-1Br/1Ba units.
Joe Hornstein, commercial real estate broker for Pinnacle Real Estate Advisors in Denver, assisted the Seller (local investor) in the transaction. The transaction closed on November 29, 2011 with contract price of $565,000 or $80,714 per unit and $118 per square foot.
1615 Ingalls Street is an 8-unit apartment complex located inLakewood,CO. The multifamily property was originally constructed in 1970 and includes 8-2Br/1Ba units. The property recently went through foreclosure sale and was lender owned at time of sale.
Joe Hornstein, commercial real estate broker for Pinnacle Real Estate Advisors in Denver, assisted the Buyer (local non-profit organization) in the transaction. The Seller was represented by Josh Newell, also of Pinnacle Real Estate Advisors. The transaction closed on December 7, 2011 with contract price of $470,000 or $58,750 per unit and $69 per square foot.
For more information on these apartment building sales in Denver or other Colorado commercial real estate transactions please contact Joe Hornstein at 303.962.9547 or jhornstein@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.