PHILADELPHIA — Gebroe-Hammer Associates has brokered the sale of Pastorious Court Apartments, a 42-unit mid-rise apartment community located in the West Mount Airy neighborhood of Philadelphia, for $3.6 million. Located at 6600 Lincoln Dr., the property contains a four-story building with a mix of one-, two- and three-bedroom units. The property was fully occupied at the time of closing, and monthly rents range from $700 to $1,200. Eli Rose of Gebroe-Hammer represented the seller, Pastorious Court LP, and procured the buyer, PC Apartments LP. The property traded for a price of approximately $85,000 per unit.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

Subscribe to the newsletter

Webinars on Demand

Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties