Greysteel, a national commercial real estate investment services firm, has been named exclusive advisor and agent for the sale of the Bancroft Court Apartments, a multifamily property located in Pikesville, MD on behalf of Blue Ocean Realty.

Greysteel Investment Associates, Lance Ahmadian and Ari Azarbarzin, of the Company’s Baltimore, MD office, are marketing the property.

Bancroft Court Apartments, built in 1955, is a three-story multifamily property with 22 residential units and two commercial spaces totaling 3,720 square feet. Located at 6420 Park Heights Avenue, the asset is in close proximity to the Reisterstown Plaza Baltimore Metro Subway Station, which transports residents to Downtown Baltimore via major MTA bus lines, Metro, and Light Rail. Occupants also benefit from easy access to numerous destinations in the area including Towson Town Center and Owings Mills Town Center.

“Bancroft Court Apartments offers a rare opportunity to own a multifamily asset with historically low vacancy in Pikesville, Maryland, one of Baltimore’s premier submarkets,” said Mr. Ahmadian. “In addition to recent unit upgrades, current ownership has invested in significant exterior improvements over the past few years including new roofs and windows, greatly reducing future capital expenditures for new investors,” he added.

About Greysteel:

Greysteel is a commercial real estate and capital markets services firm with seven offices located in Los Angeles, CA; Washington, D.C.; Baltimore, MD; Philadelphia, PA; Dallas, TX; and Fort Worth, TX. Greysteel serves and advises private and institutional real estate investors and developers in the marketing, sale, and financing of private capital and middle-market real estate assets.www.greysteel.com