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Urban Equities Purchases Multifamily Asset From Redblock Realty For $9.72M In Philadelphia

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SOLD
$9,720,000

Pennsylvania

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MultiFamily26,327 SF
Sold 04/11/2025
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Property Image
SOLD

Urban Equities Purchases Multifamily Asset From Redblock Realty For $9.72M In Philadelphia

4070 Haverford Avenue

See Similar Deals
MultiFamily26,327 SF
Sold 04/11/2025
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Summary

PENNSYLVANIA
Asset Type:MultiFamily
Price Per Square Foot:$369
Total Square Footage:26,327 SF
Transaction Type:Sale

The asset involved in this transaction is a multifamily property located at 4070 Haverford Avenue in the Philadelphia market. The sale price for this property was $9,720,000. It encompasses 43 units and has a total square footage of 26,327, resulting in a price per unit of $226,046 and a price per square foot of $369.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $9,720,000
  • Units: 43
  • Square Footage: 26,327
  • Price Per Unit: $226,046
  • Price Per Square Foot: $369
  • Buyer: Urban Equities
  • Seller: Ilya Rabovetsky - Redblock Realty
  • Developer: Ilya Rabovetsky - Redblock Realty
  • Brokers: Kenneth Wellar, Corey Lonberger & Alan Krawitz - Global Real Estate Advisors (GREA)

This transaction was facilitated by the brokers Kenneth Wellar, Corey Lonberger, and Alan Krawitz, who are associated with Global Real Estate Advisors (GREA). Ilya Rabovetsky of Redblock Realty played a dual role as both the seller and the developer of the property, indicating his involvement in the entire process.

Players

Kenneth (Ken) Wellar
58 deals$1.2B volume
BROKER

Corey Lonberger
Global Real Estate Advisors (GREA)
33 deals$770.3M volume
BROKER

Alan Krawitz
Global Real Estate Advisors (GREA)
22 deals$250M volume
BROKER

Details

SOLD
IMAGE: Alan Krawitz, Kenneth Wellar & Corey Lonberger DATE: 04/11/2025 ADDRESS: 4070 Haverford Avenue MARKET: Philadelphia ASSET TYPE: Multifamily BUYER: Urban Equities SELLER: Ilya Rabovetsky - Redblock Realty DEVELOPER: Ilya Rabovetsky - Redblock Realty BROKERS: Kenneth Wellar (@Ken_Wellar_CRE), Corey Lonberger (@Clsmooth999) & Alan Krawit (@AKrawitz84) - Global Real Estate Advisors (GREA)(@GREA_CRE) SALE PRICE: $9,720,000 UNITS: 43 ~ PPU: $226,046 SF: 26,327 ~ PPSF: $369

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