U.S. Construction Acquires Development Site In Philadelphia For $5.75M

A development site located at 1120-36 & 1138 Frankford Avenue in Philadelphia, PA has been sold for $5,750,000. The property consists of 107 units, with an average price per unit of $53,738. The total square footage of the site is 23,304, resulting in a price per square foot of $247. Additionally, there is 15,000 square feet of commercial space.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $5,750,000
• Units: 107
• Price per Unit: $53,738
• Total Square Footage: 23,304
• Price per Square Foot: $247
• Commercial Square Footage: 15,000

U.S. Construction has acquired the development site. The deal was facilitated by Ken Wellar and Alan Krawitz from Rittenhouse Realty Advisors.