Turio Residential Company Acquires Multifamily Property At 1600 Callowhill Street For $24.5M

1600 Callowhill Street is a multifamily property located in Philadelphia, PA, featuring 95 units and a total sale price of $24,500,000, which translates to a price per unit of $257,895.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $24,500,000
• Buyer: Turio Residential Company
• Seller: Ivy Realty
• Units: 95
• Price Per Unit: $257,895
• Brokerage Firm: Newmark
• Broker Representatives: Erin Miller, Steven Schultz & Chris Koehler
• Transaction Date: 06/25/2025
• Address: 1600 Callowhill Street
• Market: Philadelphia, PA

Newmark arranged the $24.5 million sale, marking Turio Residential Company's first acquisition in the local market for this boutique multifamily property.