Thursday, December 15, 2011

Copley Place Apts Trade for $6.7M

"While in the final stages of foreclosure, New York Community Bancorp sold Copley Place Apartments to Lindy Property Management Company for $6.7 million, or about $42,000 per unit.

The 184,736 square foot apartment community located at 7400 Haverford Ave. in Philadelphia offers 158 units with a mix of one- and two-bedroom units in two buildings. The units were reported to be very large and the complex includes balconies, central air and a swimming pool. The property was 60 percent occupied at the time of sale."

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