Rittenhouse Realty Advisors Sells Philadelphia Multifamily Property For $9.95M

The multifamily property located at 312 N 2nd Street in Philadelphia, PA was recently sold for a total price of $9,950,000. The property consists of 24 units, with a price per unit of $414,583. The total square footage of the property is 21,000, with a price per square foot of $474. The sale of this property was facilitated by Ken Wellar, Corey Lonberger, Mark Duszak, and Alan Krawitz from Rittenhouse Realty Advisors.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $9,950,000
• Units: 24
• Price Per Unit: $414,583
• Square Footage: 21,000
• Price Per Square Foot: $474
• Market: Philadelphia, PA

This transaction involved the representation of the buyer and seller by Ken Wellar, Corey Lonberger, Mark Duszak, and Alan Krawitz from Rittenhouse Realty Advisors. It is important to note that there are 6.5 years remaining on a master lease with Sonder for this property.