The recently closed property transaction involves a mixed-use asset located at 35 South 3rd Street, 412 & 436 Spruce Street in Society Hill and Old City, Philadelphia. The property consists of 13 units, with a total square footage of 12,000. The sale price for this transaction was $3,625,000, amounting to a price per unit of $278,846 and a price per square foot of $302.

Summary of transation details

• Property Type: Mixed use
• Transaction Amount: $3,625,000
• Units: 13
• Price per Unit (PPU): $278,846
• Square Footage (SF): 12,000
• Price per Square Foot (PPSF): $302

On the buyer's side, BC Capital Partners, represented by Fred Bijou and Abraham Jemal, successfully closed this deal. The seller for this transaction was Kamal Shahid. BC Capital Partners is pleased to announce the acquisition of this three-building package in Society Hill and Old City, Philadelphia. The deal, sourced in-house, consists of 12 apartments and 1 retail store. BC Capital Partners plans to renovate and add bedrooms to most of the units, continuing their expansion in Center City, Philadelphia. This transaction marks their fourth building acquisition in the area this year, showcasing their active presence in the market.

For more information about this deal or any similar multi or mixed-use opportunities outside of New York, please reach out directly to:

Fred Bijou
Email: [email protected]

Abraham Jemal
Email: [email protected]