Wednesday, October 29, 2014

Newly Renovated Auburn Station Sold for $10.6M

Moshe Weiss acquired the 85-unit Auburn Station at 375 Auburn St. in Allentown, PA from Auburn Realty Corp. for $10.55 million. Included in the sale was additional land that could hold an additional 49 units.

The 90,330-square-foot, loft-style, multifamily property was originally built in the early 1900's. When originally built the property only offered 40 units. Prior to selling the property was fully gutted and renovated. The renovation was completed in June of this year and more than doubled the available units. At the time of sale the property was 95 percent occupied.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.