Thursday, May 8, 2014

Lindley Towers Sells for $4.3M

Lindley Tower Realty Co. LP acquired the seven-story multifamily property at 1220 Lindley Ave. in Philadelphia, PA from LS Ents Icn. for $4.3 million, or about $41,000 per unit. 

The 68,7000-square-foot, 104-unit Lindley Towers high-rise apartment building consists of 28 studio, 67 one-bedroom, and 9 two-bedroom apartments with asking rents between $500 and $800 per month. It was built in 1938 in the Logan-Ogontz-Fern Rock submarket.

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