Brandon Ribeiro & Ryan McManus Represent Sale Of Multifamily Asset At 1112 Lombard St For $2.845M

The property asset involved in the transaction is a multifamily property located at 1112 Lombard Street in Philadelphia, PA. The sale price for this asset was $2,845,000, and it consists of 13 units, with a price per unit of $218,846. The total square footage of the property is 18,000, resulting in a price per square foot of $158. The property is considered a value-add multifamily opportunity situated in the coveted Wash West submarket.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,845,000
• Units: 13
• Price Per Unit: $218,846
• Total Square Footage: 18,000
• Price Per Square Foot: $158
• Market: Philadelphia, PA
• CAP Rate: 3.58%
• Days on Market: 9
• Deal Registrants: 63
• Last Traded: 1972
• Representation: Dual Agency
• Brokerage Firm: Agent PHL
• Brokers: Brandon Ribeiro & Ryan McManus

The key individuals facilitating the transaction are brokers Brandon Ribeiro and Ryan McManus from Agent PHL, who provided dual agency representation in this deal. Their involvement highlights their expertise in the Philadelphia market and their capacity to manage complex real estate transactions effectively.