North Broad Living Sells Student Housing In Philadelphia For $8M With Buyer's Rep Adrian Sam & Seller's Rep Spencer Yablon - CBRE

Located at 1516-18 North 15th Street in Philadelphia, this student housing property was recently sold for $8,000,000. The transaction was facilitated by Adrian Sam and Spencer Yablon of CBRE on behalf of the seller, North Broad Living. The property consists of 36 units, with a price per unit of $222,222.

Summary of transaction details

• Property Type: Student Housing
• Transaction Amount: $8,000,000
• Address: 1516-18 North 15th Street, Philadelphia
• Market: Philadelphia
• Seller: North Broad Living
• Brokers: Adrian Sam & Spencer Yablon - CBRE
• Units: 36
• Price per Unit (PPU): $222,222

The sale of this student housing property was successfully closed on September 30, 2021. Adrian Sam and Spencer Yablon, representing CBRE, played a key role in facilitating the transaction between the buyer and the seller. This deal highlights the strong demand for student housing in the Philadelphia market.