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Agent PHL Sells 1519 Ridge Avenue Multifamily In Philadelphia For $6.7M

Property Image
SOLD
$6,700,000
Ryan McManus
Sean Kelly

Pennsylvania

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MultiFamily
Sold 04/10/2024
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Property Image
SOLD

Agent PHL Sells 1519 Ridge Avenue Multifamily In Philadelphia For $6.7M

1519 Ridge Avenue

See Similar Deals
MultiFamily
Sold 04/10/2024
Ryan McManus
Sean Kelly
the dealplayerscompscontact
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Summary

PENNSYLVANIA
Asset Type:MultiFamily
Transaction Type:Sale

The property at 1519 Ridge Avenue in Philadelphia, Pennsylvania, is a 19-unit multifamily investment property that was sold for $6,700,000. The per-unit price for this asset was $352,632.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $6,700,000
  • Address: 1519 Ridge Avenue
  • Market: Philadelphia

Ryan McManus from Agent PHL, representing The Seller, and Sean Kelly from KBC Advisors were the brokers involved in the sale of the property at 1519 Ridge Avenue. This transaction reflects the resurgent investment market in Philadelphia in Q224, particularly in neighborhoods like Francisville, driven by growing rental demand and favorable market conditions.

Players

Ryan McManus
Ryan McManus
13 deals$66.4M volume(610) 606-1095
BROKER
Sean Kelly
KBC Advisors
Sean Kelly
1 deal$6.7M volume(856) 630-5806
BROKER

Details

SOLD
IMAGE: 04/10/2024 ADDRESS: 1519 Ridge Avenue MARKET: Philadelphia, Pennsylvania ASSET TYPE: Multifamily BROKERS: Ryan McManus - Agent PHL - Compass; Sean Kelly - KBC Advisors SALE PRICE: $6,700,000 UNITS: 19 ~ PPU: $352,632 NOTE: Agent PHL, representing The Seller, has announced the sale of 1519 Ridge Avenue in Philadelphia, Pennsylvania, a 19-unit multifamily investment property. The sale, brokered by Ryan McManus of Agent PHL and Sean Kelly of KBC Advisors, reflects the city's resurgent investment market in Q224, particularly in neighborhoods like Francisville, amid growing rental demand and favorable market conditions.

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