Moore College Of Art Acquires Multifamily Asset At 1831 Chestnut Street For $11.5M

The transaction involved a multifamily asset located at 1831 Chestnut Street in the Philadelphia market. The property was sold for $11,500,000, covering a total area of 35,125 square feet, which results in a price per square foot of $327.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $11,500,000
• Address: 1831 Chestnut Street
• Market: Philadelphia
• Square Footage: 35,125
• Price Per Square Foot: $327
• Buyer: Moore College of Art
• Seller: Method Co.
• Brokers: Alan Krawitz, Kenneth Wellar & Corey Lonberger - Global Real Estate Advisors (GREA)

This deal was facilitated by the brokers Alan Krawitz, Kenneth Wellar, and Corey Lonberger, who represented both parties through Global Real Estate Advisors (GREA). Their involvement was crucial in bringing the buyer, Moore College of Art, and the seller, Method Co., together in this transaction.