GREYSTEEL ARRANGES THE SALE OF A MULTIFAMILY PROPERTY IN BREWERYTOWN, PHILADELPHIA
March 19, Philadelphia, PA – Greysteel , a national commercial real estate investment services firm, is proud to announce the completion of a multifamily property sale in the vibrant Brewerytown neighborhood of Philadelphia. Acting as an exclusive representative for the seller, Mazzarini Real Estate, Greysteel facilitated the transaction with a local buyer.
?The property, which was sold at $8,315,000, reflects a 4.7% capitalization rate on the trailing twelve months of operations. This sale showcases Greysteel's adeptness in navigating complex real estate markets to deliver value to its clients.
?The new property owners have planned a value-added strategy to improve the property. This business plan signifies a commitment to enhancing the community by providing high-quality, competitively priced housing options while further expanding the Brewerytown neighborhood.
?Brewerytown is a dynamic and growing neighborhood that offers residents a rich cultural and social scene, with easy access to a variety of local amenities and employment hubs.
ABOUT GREYSTEEL:
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Greysteel is a leading commercial real estate and capital markets services firm with 16 offices located in Austin, TX; Baltimore, MD; Bentonville, AR; Charlotte, NC; Chapel Hill, NC; Columbus, OH; Dallas, TX; Los Angeles, CA; Miami, FL; Nashville, TN; New Orleans, LA; Newport Beach, CA; New York, NY; Orlando, FL; Philadelphia, PA; and Washington, D.C. Greysteel is a leading commercial real estate and capital markets services firm. Greysteel serves and advises private and institutional real estate investors and developers in the marketing, sale, and financing of private capital and middle-market real estate assets. Our platform optimizes options for our clients by providing end-to-end investment services, from sales and financing to research and investment planning. Strategically located across offices nationwide, Greysteel has established broad market coverage from coast to coast.
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Contact:
Director
Greysteel
215.485.8658
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Thrilled to see growth in Brewerytown! ?? A wise man, Warren Buffett, once implied that the best investment you can make is in your own abilities. This applies to neighborhoods too, growing stronger with each new investment. #growthmindset #communitybuilding
Director | Capital Services at Ariel Property Advisors
8 个月Congrats Christopher Farmer!