“This was a rare sale in a Class-A location, with the seller’s hold period underscoring the strength of the Old Town Triangle submarket,” Smazal said. “As further evidence of the property’s desirability, it generated multiple offers despite the vacant commercial space.”
Built in 1893, the building includes one one-bedroom apartment and 11 two-bedroom units, many of which feature finishes such as stained glass, exposed brick walls and decorative fireplaces.
“North Park Ventures has a track record of transforming vintage apartments into market-leading units, and its commercial leasing experience will allow the firm to market the street-level commercial space to a variety of prospective users,” Smazal added.
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