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328 Adams Street
SOLD

Global Real Estate Advisors Acquires Multifamily Property On Adams Street In Bethlehem For $29.5M

328 Adams Street

MultiFamily
172,886 SF
clock iconSold 1 year ago
Luke DeLuca
Mark Duszak
Kenneth (Ken) Wellar
+ 2
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Summary

Sale
PENNSYLVANIA
MultiFamily
172,886 sqft

The recent sale of a multifamily property at 328 Adams Street in Bethlehem has been finalized. The property, consisting of 108 units, was sold by the sellers' representatives, Corey Lonberger of Rittenhouse Realty Advisors, and purchased by the buyers' representatives, Mark Duszak, Kenneth (Ken) Wellar, and Luke DeLuca of Global Real Estate Advisors (GREA). The transaction was completed for a price of $29,500,000, resulting in a price per unit (PPU) of $273,148. The total square footage of the property is 172,886, with a price per square foot (PPSF) of $171. The property offers 383 beds, equating to a price per bed (PPB) of $77,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $29,500,000
  • Address: 328 Adams Street
  • Market: Bethlehem

The sellers' representative, Corey Lonberger of Rittenhouse Realty Advisors, played a crucial role in this transaction by representing the interests of the sellers. On the other side, Mark Duszak, Kenneth (Ken) Wellar, and Luke DeLuca of Global Real Estate Advisors (GREA) acted as the buyers' representatives, ensuring a smooth and successful sale.

Players

  • All

    6

  • Agents

    4

  • Agencies

    2

Luke DeLuca's profile picture
Luke DeLuca
Global Real Estate Advisors (GREA)-image
Managing Director
$45.3M Sold
Mark Duszak's profile picture
Corey Lonberger's profile picture

Details

Deal Summary
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SOLD
IMAGE: Kenneth (Ken) Wellar, Corey Lonberger, Mark Duszak & Luke DeLuca DATE: 05/31/2023 ADDRESS: 328 Adams Street MARKET: Bethlehem ASSET TYPE: Multifamily BROKERS: Corey Lonberger (@LonbergerCj) - Rittenhouse Realty Advisors (@Rittenhouse_Realty_Advisors); Mark Duszak, Kenneth (Ken) Wellar (@Ken_Wellar_CRE) & Luke DeLuca - Global Real Estate Advisors (GREA) (@Grea_Mid_Atlantic) SALE PRICE: $29,500,000 UNITS: 108 ~ PPU: $273,148 SF: 172,886 ~ PPSF: $171 BEDS: 383 ~ PPB: $77,000

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Address328 Adams Street

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