Thursday, June 7, 2012

Le Crillon Apts Sell for $14.8M

Midwood Investments & Development acquired the Le Crillon Apartments, a Philadelphia multifamily property located at 105 S 18th Street. The five-story building was purchased for $14.81 million, or about $644,000 per unit.

Le Crillon Apartments consists of 7 ground-level retail units and 16 residential units. The property totals 41,757 square feet, with the retail space totaling 12,791 square feet. The property is conveniently located in Center City, one block from Rittenhouse Square.

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