Sentinel Acquires Multifamily Properties In Society Hill & Rittenhouse, PA For $68.5M

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.