SOLD
Sentinel Acquires Multifamily Properties In Society Hill & Rittenhouse, PA For $68.5M
400 Walnut Street & 1930 Chestnut Street
MultiFamily
169,515 SF
169,515 SF
Sold 1 year ago
Summary
Sale
PENNSYLVANIA
MultiFamily
169,515 sqft
The multifamily property located at 400 Walnut St. & 1930 Chestnut St. in Society Hill & Rittenhouse, PA has been sold in a recent transaction. The property consists of 213 units and spans a total of 169,515 square feet. The sale price for this transaction was $68,500,000, resulting in an average price per unit of $321,596 and a price per square foot of $404.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $68,500,000
- Units: 213
- Price per Unit: $321,596
- Square Feet: 169,515
- Price per Square Foot: $404
The buyer of the property was Sentinel, represented by Michael Gershman. The seller was MRP Realty and Barings. The sale was facilitated by JLL, with Carl Fiebig, Mark Thomson, Fran Coyne, and Tyler Margraf serving as the brokers involved in the transaction.
Players
All
5
Agents
4
Agencies
1
Details
SOLD
IMAGE: Carl Fiebig, Mark Thomson, Michael Gershman, Fran Coyne & Tyler Margraf
DATE: 07/22/2022
ADDRESS: 400 Walnut St. & 1930 Chestnut St.
MARKET: Society Hill & Rittenhouse, PA
ASSET TYPE: Multifamily
BUYER: Sentinel - Michael Gershman
SELLER: MRP Realty (@MRPRealty) & Barings (@BaringsOfficial)
BROKERS: Carl Fiebig (@CarlFiebig), Mark Thomson, Fran Coyne & Tyler Margraf (@TyMargraf) - JLL (@JLL)
SALE PRICE: $68,500,000
UNITS: 213 ~ PPU: $321,596
SF: 169,515 ~ PPSF: $404View on map
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Address400 Walnut Street & 1930 Chestnut Street
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