Joe Nguyen is a digital strategist for The Denver Post. Previously he was the online prep sports editor. Prior to that, he covered Adams County and Aurora in the YourHub section. He has previously covered Colorado’s Asian-American communities as editor for Asian Avenue magazine and AsiaXpress.com.
A pair of apartment complexes in the North Aurora neighborhood, one of which was briefly overseen by a receiver last year, have filed for bankruptcy. Each of the buildings, at 1592 Boston St. and 1960 Dallas St.
, a half mile apart, has 32 units. They’re both owned by LLCs managed by Shaul Gabbay, according to bankruptcy filings.The Boston Street property is valued by Adams County at $4.3 million and owes $3 million on a loan from U.S. Bank. Filings show its revenue fell 22% last year, from $549,000 in 2024 to $426,000 in 2025. The Dallas Street property, meanwhile, is valued by the county at $4.1 million but owes more than that — $4.8 million — on a loan to Wilmington Trust, according to the filings. Revenue there fell 27% from $469,000 to $343,500. Gabbay didn’t respond to requests for comment. SMG Property, which manages the buildings, also didn’t respond. In a lawsuit filed by Wilmington Trust in April 2025, the lender said no payments were made on the 1960 Dallas Street loan in February, March or April and asked that a receiver be appointed. A judge agreed to appoint Kevin A. Singer of Receivership Specialists. Singer was previously appointed to oversee two infamous apartment complexes elsewhere in Aurora that saw gang activity. One has since been foreclosed on.Colorado shuts down property manager, fines him $445K he’ll never payNatural Grocers buys Lakewood office building for $5.6M Singer served as receiver at the Dallas Street property for about a month. Wilmington Trust said in a late May filing that it had entered into a reinstatement agreement with Gabbay’s LLC that allowed him to take back control of the property and exit default. “Receiver has made critical repairs in the course of discharging his duties, and Borrower has agreed to and has undertaken to complete that work,” Wilmington Trust said in a court filing. Gabbay also faces a pending lawsuit from several tenants at 1960 Dallas Street who allege that flooding at the complex in May 2023 caused “a massive infestation of toxic mold” that ownership “did nothing to remediate.” The plaintiffs say that they are refugees from the Democratic Republic of the Congo and that many of the building’s tenants are “refugees or members of other vulnerable populations with limited access to legal recourse or alternative housing.” The two buildings are being marketed for sale. A LoopNet listing asks $8 million for both buildings, although an attached marketing brochure asks $3.68 million each, or $7.36 million combined. The brochure touts “Strong Section 8 Demand” and a seller willing to “convey the existing team: 2 leasing agents/property managers, 1 bookkeeper, 2 maintenance staff.”Colorado weather: More than 20 inches of snow expected in mountainsRenck: Kris Bryant looks done in Colorado. That is one of many good things happening for RockiesColorado weather: Up to 10 inches of snow forecast for mountain passes by FridayIf exercise can make you feel good, why do so many people hate doing it? Will your favorite ski resort get snow this weekend? Here's every major snow stake webcam in Colorado.
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