Compass Brokers Facilitate $5.63M Off-market Sale Of Fishtown Multifamily Property

The multifamily property located at 2636 Belgrade Street in Philadelphia, PA was recently sold in a closed transaction. The sale took place on November 30, 2021, and was facilitated by Ryan Mcmanus of Compass.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,630,000
• Address: 2636 Belgrade Street, Philadelphia, PA
• Market: Philadelphia, PA

The property consists of 20 units, with an average price per unit of $281,500. It spans a total area of 20,000 square feet, with an average price per square foot of $281.

This off-market transaction involved a new construction property in Philadelphia's desirable residential submarket, Fishtown. The seller was a local individual, while the buyer was based in NYC. It is worth noting that this transaction was conducted privately.