Global Real Estate Advisors (GREA) Sells Multifamily Property On Cedar Avenue In Philadelphia For $2.1M

The recently closed transaction in Philadelphia involved the sale of a multifamily property located at 4607-4609 Cedar Avenue. This property consists of 16 units and spans across 21,000 square feet. The sale price for this asset was $2,100,000, resulting in a per unit price of $131,250.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,100,000
• Units: 16
• Price Per Unit: $131,250
• Square Footage: 21,000

Kenneth (Ken) Wellar and Alan Krawitz of the Global Real Estate Advisors (GREA) represented the seller in this transaction.