Harbor Group International Acquires Multifamily Property In Bala Cynwyd, PA For $59.5M

The multifamily property located at 600 Righters Ferry Rd in Bala Cynwyd, PA was recently sold for a total price of $59,500,000. The transaction took place on June 25, 2021, with the buyer being Harbor Group International. The property consists of 275 units, resulting in a price per unit of $216,364.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $59,500,000
• Units: 275
• Price Per Unit: $216,364

Erin Miller from Newmark represented Harbor Group International in this sale. This transaction showcases the active real estate market in Bala Cynwyd, PA, and the attractive investment opportunities available in the multifamily sector.