Pinnacle Announces the Sale of 1536 York Street in Denver

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1536 York Street in Denver, Colorado.  Located in City Park West, the 12-unit multifamily property sold for $1,985,000 or $165,417 per unit.  Erik Toll and Christian Burgdorf represented the buyer in the transaction.

“In spite of the endless challenges posed by COVID-19, we were able to successfully identify and close on a Central Denver apartment building,” stated Erik Toll. “Our client was in a 1031 exchange and was able to convert from a non-producing piece of land to a cash-flowing asset in a top rental submarket.  Everyone involved is pleased to have made it to the finish line.”