Friday, October 11, 2019

Local Investor Buys Market Street Flats for $29.8 Million

Local investment firm Hankin Group has purchased the 88-unit Market Street Flats in West Chester, Pennsylvania, from McCool Properties for $29.75 million, or about $342,000 per unit.

The five-story building at 124 E. Market St. includes a mix of one- and two-bedroom units ranging from 710 to 1,115 square feet. Completed by the seller in 2015, the mid-rise property spans nearly an acre less than a mile from West Chester University.

The four-star building was 96% occupied at the time of sale.

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