CHESTNUT HILL TOWER SELLS FOR $17M

PHILADELPHIA — Gebroe-Hammer has completed the $16.75 million sale of Chestnut Hill Tower, a 228-unit high-rise apartment building at 7600 Stenton Ave. in Philadelphia. The 18-story building in the Chestnut Hill neighborhood includes 12 ground-floor retail spaces. Amenities include two pools, two tennis courts, a gym and community rooms. Rents at Chestnut Hill Tower start at $750 per month for studios and $1,500 per month for a three-bedroom unit. Joseph Brecher and Eli Rosen of Gebroe-Hammer represented the seller, an out-of-state private owner. They also secured the buyer.