Laub Realty Acquires Forks Township Multifamily For $8.4M

The multifamily property located at 2250-2280 Lafayette Park Drive in Forks Township, PA has been sold. The transaction took place on 08/25/2022, with Laub Realty purchasing the property from Ashley Development Corporation and Black Bear Asset Management. The property consists of 24 units, with a sale price of $8,400,000, making the price per unit $350,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,400,000
• Units: 24
• Price Per Unit: $350,000
• Buyer: Laub Realty
• Seller: Ashley Development Corporation & Black Bear Asset Management
• Brokers: Bryan Manz, Emil DePasquale & George Pektor - Black Bear Capital Partners

Bryan Manz, Emil DePasquale, and George Pektor, representing Black Bear Capital Partners, facilitated the deal as brokers. This transaction showcases the continued demand for multifamily properties in Forks Township, PA. With its strategic location and attractive price per unit, the property presented a promising investment opportunity for Laub Realty.