SOLD
PP Factory LTS LLC, PP Frame LLC, And PP Button LLC Acquire Multifamily Portfolio In Philadelphia For $34.7M
1700 North 5th Street, 1730 North 5th Street, 1720 North 5th Street, 1701 North 6th Street, & 3560 Sepviva Street
MultiFamily
289,185 SF
289,185 SF
Sold 1 year ago
Summary
Sale
PENNSYLVANIA
MultiFamily
289,185 sqft
The sale of multiple properties in Philadelphia, PA has been finalized. The properties include 1700 North 5th Street, 1730 North 5th Street, 1720 North 5th Street, 1701 North 6th Street, and 3560 Sepviva Street. This multifamily asset transaction was completed on 12/29/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $34,700,000
- Units: 168
- Price per Unit: $206,548
- Square Footage: 289,185
- Price per Square Foot: $120
The buyers in this transaction are PP Factory LTS LLC, PP Frame LLC, and PP Button LLC. They acquired the properties from the sellers, which are 1700-1702 North Fifth LP, 32 Lofts LP, and Corinthian Associates LP. The deal was facilitated by Ken Wellar, Corey Lonberger, and Mark Duszak from Rittenhouse Realty Advisors.
Players
All
5
Agents
3
Agencies
2
Details
SOLD
IMAGE: Ken Wellar, Corey Lonberger & Mark Duszak
DATE: 12/29/2021
ADDRESS: 1700 North 5th Street, 1730 North 5th Street, 1720 North 5th Street, 1701 North 6th Street, & 3560 Sepviva Street
MARKET: Philadelphia, PA
ASSET TYPE: Multifamily
BUYER: PP Factory LTS LLC, PP Frame LLC, PP Button LLC
SELLER: 1700-1702 North Fifth LP, 32 Lofts LP, Corinthian Associates LP
BROKERS: Ken Wellar (@Ken_Wellar_CRE), Corey Lonberger & Mark Duszak - Rittenhouse Realty Advisors (@Rittenhouse_Realty_Advisors)
SALE PRICE: $34,700,000
UNITS: 168 ~ PPU: $206,548
SF: 289,185 ~ PPSF: $120View on map
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Address1700 North 5th Street, 1730 North 5th Street, 1720 North 5th Street, 1701 North 6th Street, & 3560 Sepviva Street
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