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Ryan McManus Facilitates $6.7M Sale Of Multifamily Property In Philadelphia, PA

Property Image
SOLD
$6,700,000

Pennsylvania

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MultiFamily27,066 SF
Sold 04/09/2024
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Property Image
SOLD

Ryan McManus Facilitates $6.7M Sale Of Multifamily Property In Philadelphia, PA

1519 Ridge Avenue

See Similar Deals
MultiFamily27,066 SF
Sold 04/09/2024
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Summary

PENNSYLVANIA
Asset Type:MultiFamily
Price Per Square Foot:$247
Total Square Footage:27,066 SF
Transaction Type:Sale

The multifamily property located at 1519 Ridge Avenue in Philadelphia, PA, was recently sold for $6,700,000. The asset boasts 19 units with a price per unit of $352,632. The total square footage of the property is 27,066, equating to a price per square foot of $248.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,700,000
  • Units: 19
  • Price Per Unit: $352,632
  • Square Footage: 27,066
  • Price Per Square Foot: $248
  • Address: 1519 Ridge Avenue, Philadelphia, PA

The sale of this multifamily property was facilitated by Ryan McManus from Compass. Ryan McManus represented one of the parties involved in the transaction, showcasing his expertise and role as a real estate broker in the Philadelphia market.

Players

13 deals$66.4M volume(610) 606-1095
BROKER

Details

SOLD
IMAGE: Ryan McManus DATE: 04/09/2024 ADDRESS: 1519 Ridge Avenue MARKET: Philadelphia, PA ASSET TYPE: Multifamily BROKER: Ryan McManus (@Agentphl) - Compass (@Compass) SALE PRICE: $6,700,000 UNITS: 19 ~ PPU: $352,632 SF: 27,066 ~ PPSF: $248

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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