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By Brian Turner (Flickr: My Trusty Gavel) [CC-BY-2.0 (], via Wikimedia Commons

Hampton Courts auctioned for $1.95M

The four-story Hampton Court Apartments sold at auction for $1.95 million to real estate investment and development firm Delancey Street Capital LLC.

SVN Auction Services handled the auction of the building late last week.

The apartment is located in the city’s Madison Park neighborhood, about two miles from downtown.

Although some developers have worried about the market becoming saturated with apartments,  95.3 percent of available apartments in the downtown area were rented at the end of 2013,