BH University City Properties Acquires Multifamily Property In Philadelphia For $5.5M

Located at 528 N 34th St in Philadelphia, PA, this multifamily property was recently involved in a closed sale transaction. The property consists of 15 units, resulting in a per unit price of $366,667. The sale took place on 04/22/2022, with a final sale price of $5,500,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,500,000
• Units: 15
• Price Per Unit: $366,667
• Address: 528 N 34th St, Philadelphia, PA
• Market: Philadelphia, PA

The buyer in this transaction was BH University City Properties, while the seller was Drexel Properties. The deal was facilitated by brokers Ken Wellar, Corey Lonberger, Mark Duszak, and Luke DeLuca of Rittenhouse Realty Advisors.