Pinnacle Announces Sale of Capitol Hill Apartments

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1220 North Pearl Street. This 13-unit multifamily property is located in the Historical Capitol Hill Neighborhood in Downtown Denver. The building was built in 1905. The property sold on January 17, 2017 for $2,215,000 or $170,384 per unit. Joe Hornstein, along with the Hornstein│Fetter Apartment Group, represented both buyers in this transaction.

“The buyers coveted the location in the heart of Central Denver,” Hornstein said. “The buyers intend to make some minor improvements, continue to improve operations and hold long term.”