Thursday, March 19, 2015

Crestwood Apts Sell for $11.5M

Brandywine Construction & Management sold the 165-unit Crestwood Apartments at 3241 Hulmeville Rd. in Bensalem, PA to a local investor for $11.5 million, or about $70,000 per unit.

The 110,000-square-foot multifamily community consists of one-, two-, and three-bedroom units across 15 buildings. The complex was built in 1970 in the Lower Bucks County submarket of Philadelphia.

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