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Marcus & Millichap Arranges $1.7M Sale of Apartment Building in Drexel Hill, Pennsylvania

Yorkshire-Court-Drexel-Hill-PA

Yorkshire Court in Drexel Hill, Pa., features six studio units and 24 one-bedroom/one-bath apartment units.

DREXEL HILL, PA. — Marcus & Millichap has brokered the sale of Yorkshire Court, an apartment building located at 740 Burmont Road in Drexel Hill. An undisclosed buyer purchased the property for $1.7 million. The 30-unit community features a mix of studio units and 24 one-bedroom/one-bath units. Clarke Talone, Daniel Bernard, Ridge MacLaren and Andrew Townsend of Marcus & Millichap represented the seller in the deal. Matthew Rosenberg, also with Marcus & Millichap, arranged acquisition financing for the transaction. The non-recourse, seven-year loan was structured with a fixed 3.65 percent interest rate and a 30-year amortization schedule.

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