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The Terry Apartments Acquired for $3,200,000 Greystone Unique Apartment Group Represents Sale & Financing of 18 Unit Asset

Posted by Unique News Team on August 23, 2017
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Longmont, CO (August 23, 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 18-unit multifamily asset located at 513 & 521 Terry Street in Longmont, Colorado. The Property sold at the listing price of $3,200,000 or $177,777 per unit and closed on August 21, 2017.

 
The Terry Apartments consists of two historic buildings that had been extensively renovated prior to the sale. Upgrades included new kitchens, bathrooms, boiler updates, roofs, landscaping and updated common areas. The Property consists of ten one-bedroom units and eight two-bedroom units. The Terry Apartments are located just two blocks west of historic Main Street, an area that has seen significant revitalization and redevelopment during recent years. Greystone provided the buyer with a loan from Freddie Mac’s small balance loan program. The property was 100% occupied at the time of sale. Greystone Unique Apartment Group represented both the seller and buyer.

 
To schedule an interview with an advisor regarding this transaction or for more information about Greystone Unique Apartment Group, please contact: Phil Dankner at pdankner@uniqueprop.com or 303.931.0793

 
About Greystone Unique Apartment Group
Greystone Unique Apartment Group is a specialized team dedicated to multifamily sales. Greystone Unique Apartment Group is client-centric and has one goal in mind – to deliver unparalleled results to their clients. The team has extensive market knowledge and a proven skill set that offers full-service representation under one roof. Their diverse ability to communicate and provide outstanding service to institutional clients, while specializing in servicing small, independent investors has earned them the reputation of being the local market’s go-to. A combination of Greystone Unique Apartment Group’s resources, creative solutions, experience, and strong leadership has resulted in placing Unique Apartment Group as a leader in volume of transactions for over the last decade. Operating successfully as Unique Properties’ multifamily team, the Unique Apartment Group joined ventures with Greystone in 2016 to incorporate lending services to our clients. The team is locally acknowledged as an industry leader who provides services at the caliber of a global leader, while maintaining the personal attention of a focused, privately held company committed to trust and excellence. For more information about the services provided by Greystone Unique Apartment Group, please visit http://www.greystoneUAG.com

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