facebook
Traded Co logo
Submit
Daily limit: 0/10

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

Property Image
SOLD
$24,500,000
Erin Miller
Steven Schultz
Chris Koehler

Pennsylvania

See Similar Deals
MultiFamily
Sold 06/25/2025
the dealplayerscompscontact
Property Image
SOLD

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

1600 Callowhill Street

See Similar Deals
MultiFamily
Sold 06/25/2025
Erin Miller
Steven Schultz
Chris Koehler
the dealplayerscompscontact
Contact now

Summary

PENNSYLVANIA
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

Steven Schultz
Newmark
Steven Schultz
9 deals$410.5M volume
BROKER
Erin Miller
Newmark
Erin Miller
3 deals$157.1M volume
BROKER
Chris Koehler
Newmark
Chris Koehler
1 deal$24.5M volume(484) 467-0701
BROKER
Newmark
Newmark
BROKERAGE
Turio Residential Company
Turio Residential Company
BUYER
Ivy Realty
Ivy Realty
SELLER

Details

SOLD
IMAGE: 06/25/2025 ADDRESS: 1600 Callowhill Street MARKET: Philadelphia, PA ASSET TYPE: Multifamily BUYER: Turio Residential Company SELLER: Ivy Realty BROKERS: Erin Miller, Steven Schultz & Chris Koehler - Newmark SALE PRICE: $24,500,000 UNITS: 95 ~ PPU: $257,895 NOTE: Newmark arranged the $24.5M sale of 1600 Callowhill Street, a 95-unit boutique multifamily property in Philadelphia, to Turio Residential Company in its first local acquisition.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,306,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$87,043.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$116,142.50
Annual Debt Service$1,393,709.99