Hudson Cos. Acquires Multifamily Property In Philadelphia For $13M

526 Brown Street, Philadelphia, PA, USA

$13,000,000

$288/SF

Building Size

45,000 SF

Asset Type

MultiFamily

Closing

Jun 17, 2020

AI

The multifamily property located at 526 Brown St in Philadelphia, PA was recently sold for a total price of $13,000,000. The transaction took place on 06/17/2021 and involved a total of 35 units, resulting in an average price per unit (PPU) of $371,429. Hudson Cos. acted as the buyer, while the seller was Trinity Realty Cos. The sale of this property was facilitated by Samantha Kupersmith and Spencer Yablon from CBRE.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $13,000,000
Units: 35
PPU: $371,429
Buyer: Hudson Cos.
Seller: Trinity Realty Cos.
Brokers: Samantha Kupersmith & Spencer Yablon - CBRE
Date: 06/17/2021
Address: 526 Brown St, Philadelphia, PA

Spencer Yablon and Samantha Kupersmith from CBRE played integral roles as brokers in this transaction. They represented the buyer, Hudson Cos., and worked alongside the seller, Trinity Realty Cos., to successfully complete the sale of this multifamily property.

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