Khosla Properties Acquires Multifamily Property In Philadelphia For $3.2M

The multifamily property located at 1713-21 North Front Street in Philadelphia, Pennsylvania has been sold for a total of $3,200,000. This property consists of 55 units, resulting in an average price per unit of $58,182. The sale took place on October 13, 2022.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $3,200,000
• Units: 55
• Price per Unit: $58,182

The buyer of this property is Khosla Properties, represented by Anuj Khosla. The sale was facilitated by Ryan McManus, an agent from Compass Commercial. This transaction was carried out in the Philadelphia market, showcasing the continued investment and growth in the city's real estate sector.