Multifamily And Development Site Sold In Philadelphia For $5.7 Million With Brokers Daniel Yadgaroff Kenneth Wellar And Alan Krawitz

The transaction involved a multifamily and development site located at 713, 715, 717, 718, 721-23, 725-27 N 16th St, 1502, 1504 Swain St & 1620 Brown St in the Philadelphia market. The sale price was $5,700,000, which translates to approximately $158,333 per unit, with a total of 36 units across 21,750 square feet, resulting in a price per square foot of $262.

Summary of transaction details:

• Property Type: Multifamily & Development Site
• Transaction Amount: $5,700,000
• Units: 36
• Price per Unit: $158,333
• Square Footage: 21,750
• Price per Square Foot: $262

The brokers representing this transaction were Daniel Yadgaroff, Kenneth Wellar, and Alan Krawitz, all from Global Real Estate Advisors (GREA), providing their expertise in facilitating this deal.