Black Bear Asset Management Acquires MultiFamily Property In Bethlehem, PA For $13.9M

A multi-family property located at 310-322 E 3rd Street in Bethlehem, PA has been sold for a transaction amount of $13,900,000. The property consists of 52 units with an average price per unit of $267,308. It spans a total area of 42,123 square feet, resulting in a price per square foot of $330.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $13,900,000
• Units: 52
• Price per Unit: $267,308
• Square Footage: 42,123
• Price per Square Foot: $330

The buyer of the property is Black Bear Asset Management, while the seller is Greystone Capital Inc. The deal was facilitated by brokers Emil DePasquale and George Pektor from Black Bear Capital Partners.