Denver, CO (December 19, 2017) — Greystone Unique Apartment Group, multifamily division of Unique Properties, Inc., Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, recently brokered the sale of an international youth hostel asset located at 630 East 16th Avenue in Denver, Colorado. The Property sold for $2,100,000 and closed on December 15, 2017. Niklas MacCarter of Greystone Unique Apartment Group represented both the seller and buyer in this transaction.
The Property operated as an international youth hostel for over thirty years in Denver’s North Capitol Hill neighborhood. Ideally located at intersection of East 16th Avenue and North Washington Street, 630 East 16th Avenue is within minutes from Denver’s restaurant row, East Colfax Avenue and Downtown Denver amenities. Constructed in 1907, new ownership intends to convert the 100+ year old, three story building into a traditional apartment building. An extensive property remodel will include updating mechanical systems, common areas, exterior façade and unit interiors.
To schedule an interview with an advisor regarding this transaction or for more information about Greystone Unique Apartment Group, please contact: Niklas MacCarter at nmaccarter@uniqueprop.com or 303.645.4785.
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