Wednesday, July 10, 2013

Copley Manor Sold for $6.3M

Longford Associates LLC acquired the Copley Manor apartment building at 121-123 W. Tulpehocken St. in Philadelphia, PA from Advanced Realty Partners for $6.3 million, or about $68,000 per unit. 

The four-story, 52,700-square-foot, 92-unit multifamily property was built in 1929 in the Northwest Philadelphia submarket. The 55 studios and 37 one-bedroom apartments carry asking rents between $595 and $945 per month.

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