On the Market: 5 Interesting Listings for the Week of 8/14
This week's listings include a 1901-built Hell's Kitchen brownstone and a recently upgraded 1924-built property in Burbank, Calif.
On the Market is a weekly department curating the most interesting recent for-sale CRE assets. If you have a commercial real estate asset that you’d like to share with our readers, please email it to Associate Editor Mallory Bulman.
Montebello Apartments
Location:Â Phoenix, Ariz.
Price: $2.7 million
Price/Unit: $150,000
Building Size: 14,050Â SF
Units: 18
Features:Â Mix of studio, one- and two-bedroom apartments; recent upgrades include new vinyl plank flooring, lighting fixtures, washer/dryers, quartz countertops and stainless steel appliances; exterior improvements include new paint, roofs, driveways and a redesigned courtyard and pool; located within walking distance from Phoenix’s restaurant row.
Contact:Â Eddie Chang, ABI Multifamily, 602-714-1398
Courtyard Apartments
Location:Â Lakewood, Colo.
Price: $2.8 million
Year Built: 1970
Building Size: 19,932Â SF
Units: 17
Features:Â Turn-key 17-unit property; two-bedroom/two-bathroom units with front and rear entrances; both roofs will be replaced prior to closing; located on 12th and Zephyr within walking distance from Wadsworth Light Rail Station.
Contact: Josh Newell, Pinnacle Real Estate Advisors, 303-962-9555
703 E. Providencia Ave.
Location:Â Burbank, Calif.Â
Price: $2.8 million
Year Built: 1924
Building Size: 6,686 SF
Units:Â 10
Features:Â Renovated this year; property consists of three studios and seven one-bedroom units; property includes five individual garages, laundry room and outdoor common area; renovations include new copper plumbing, windows, exterior light fixtures, wood facade; kitchens have been upgraded with white quartz kitchen countertops, new cabinets, vinyl flooring.
Contact: Barry Gordon, Marcus & Millichap, 213-943-1820
Graystone Plaza
Location: Salt Lake City, Utah
Price: $1 million
Year Built: 1962
Building Size:Â 13,851 SF
Units: 11
Features:Â Live/work building in desirable Sugarhouse area; Google Fiber available; designated parking; financing available; $6.82 price per unit.Â
Contact:Â Brian Hymel, Realty One Group, 801-381-7033
451 West 50th Street
Location:Â New York, N.Y.
Price: $6.3 million
Year Built: 1901
Building Size: 4,247Â SF
Units: 3
Features:Â Hell’s Kitchen brownstone with brick facade; Duplex apartment consists of three bedrooms, two bathrooms and two kitchens; garden level of duplex has access to private garden; third-level apartment is a convertible two-bedroom/one-bathroom apartment with a private balcony; last apartment has potential to be a convertible 2.5-bedroom railroad apartment.
Contact:Â Alex Robayo, Ideal Properties Group, 917-600-7928
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