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AGI Gains Downtown Apartments With Eye to Conversion

SAN JOSE-Fairfield Residential sells the 176-unit Brickyard Place Apartments here to San Francisco-based AGI Capital for $47 million or $267,045 per unit.

By Brian K. Miller | Updated on September 20, 2005

(To read more on the multifamily market, click here.)

SAN JOSE-Fairfield Residential has sold the recently completed Brickyard Place Apartments for $47 million or $267,045 per unit. The new owner, San Francisco-based AGI Capital Group, plans to sell off the 176-unit property as condominiums.

Brickyard Place is located on Third Street in Downtown San Jose, just south of San José State University. The building is situated above a subterranean parking garage and also has a large interior courtyard. The unit mix is one- and two- bedroom units averaging 828 sf.

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