Friday, September 2, 2016

Equus Capital Acquires Madison at the Lakes Apts

Connaught Inc. sold the Madison at the Lakes apartments at 3218 W. Cedar St. in Allentown, PA to Equus Capital Partners, Ltd. for $29.05 million, or about $124,000 per unit.

The 457,312-square-foot multifamily complex consists of 235 units across 26 buildings. The unit mix consists of 60 one-bedroom, 102 two-bedroom and 73 three-bedroom units. The pet-friendly property offers central air, dishwashers, eat-in kitchens, fireplaces, hardwood floors and washer-dryers.

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