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New West's Key Manor Apartments sold for $6.67M

The 29-unit building sold fro $230,000 per suite
blackstone
 
A 29-unit rental apartment in New Westminster has sold for $6.67 million, NAI Commercial tells Western Investor
 
Key Manor Apartments sold is situated on a 17,820-square-foot lot, sold for $230,000 per unit. The apartment complex sold for above its assessed value of just over $6 million. The four-storey structure was built in 1968. 
 
The property is located at 610 Blackford St., New Westminster. 
 

Breakdown: 

 
Price: $6,670,000
No. of Units: 29  
Price/Unit: $230,000
Lot Size: 17,820 SF 
Property Type: Multi-family 
Zoning: RM-2 
2017 B.C. Assessment Value: $6,051,000
Date of Sale: 01/18/2018
City: New Westminster    
Province: B.C.  
Name of Brokerage: NAI Commercial 
 

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