Friday, February 15, 2013

Crestbury Apts Sell for $16.1M

The Michaels Organization sold a 394-unit multifamily complex to Tyrko Partners for $16.1 million, or about $41,000 per unit. 

The Crestbury Apartments were built in 1950 and feature one- and two-bedroom units overlooking a neighborhood park. It is situated a few miles from several bridges heading into the City of Philadelphia.

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