Mazzarini Real Estate Sells Eastern Lofts Multifamily In Philadelphia For $8.3M

The $8.3 million sale of Eastern Lofts, a 37-unit apartment complex located at 3002 Cecil B Moore Avenue in Philadelphia's Brewerytown neighborhood, was brokered by Greysteel. The property was sold by Mazzarini Real Estate to an undisclosed locally based buyer.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $8,300,000
• Units: 37
• Price Per Unit: $224,324
• Address: 3002 Cecil B Moore Avenue
• Market: Philadelphia
• Seller: Mazzarini Real Estate
• Broker: Greysteel

Greysteel facilitated the sale of Eastern Lofts, ensuring a smooth transaction between the seller, Mazzarini Real Estate, and the undisclosed local buyer. The deal involved 37 units within the multifamily asset and took place in the vibrant Brewerytown neighborhood of Philadelphia.