Thursday, September 27, 2012

Chesterfield Apts Trade for $25.1M

BET Investments, Inc. acquired the Chesterfield Apartments at 1338 Veterans Hwy. in Levittown, PA for $25.05 million, or about $101,000 per unit, from Exmark Partnership. 

The 173,394-square-foot multifamily building was built in 1972 on half an acre in the Lower Bucks County submarket of Philadelphia. The 247 units are a mix of 123 one-bedroom and 124 two-bedroom units with asking rents between $795 and $1,075 per month.

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