Updated Oct 19, 2026
Brick Capital Acquires Mixed-Use Property In Philadelphia For $12.7M
829-37 Spruce St, Philadelphia, PA, USA
$12,700,000
$1,953/SF
Building Size
6,500 SF
Asset Type
Mixed-use
Closing
Jun 13, 2020
About this deal
AI
Located at 829-37 Spruce St in the market of Philadelphia, PA, a mixed-use property was recently sold for a transaction worth $12,700,000. The sale took place on June 13, 2021. The property is characterized by its diverse usage, combining both residential and commercial components.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $12,700,000
- Address: 829-37 Spruce St, Philadelphia, PA
- Market: Philadelphia, PA
Brick Capital, represented by Alex Cook and Scott Baldasarec, served as the buyer in this transaction. The buyer was assisted by Corey Lonberger and Ken Wellar, who represented Rittenhouse Realty Advisors as their brokers. Their expertise in facilitating this deal contributed to its successful completion.
On the Map
$12,700,000
$1,953/SF
Mixed-use
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Players
Philadelphia Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93