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DENVER-The Garfinkle Family Trust of Boulder recently paid $3.5 million for the 38-unit Central Park Terrace at 1160 to 1170 Ogden St. in the Capitol Hill neighborhood of Denver. The sales price equates to $72,917 per unit and includea a 22-space surface parking lot in a neighborhood where parking can be scarce.

Central Park, built in 1961, was renovated inside and out in 1999. It is assessed at $3.3 million for tax purposes, according to public records obtained by GlobeSt.com. It is near downtown and Cheesman Park. “This property was in great condition and made a great fit for this buyer, who was trading out of a property they sold in California,” says Terrance Hunt, who handled the transaction with fellow Apartment Realty Advisors’ broker Shane Ozment.

The Sierra Group sold the property. “This was the last property of a 146-unit, four-building portfolio that Terrance and I sold for the Sierra Group,” says Ozment.

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