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

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.