Rittenhouse Realty Negotiates $25.2M Sale of Philadelphia Apartment Complex

by Taylor Williams

PHILADELPHIA — Locally based brokerage firm Rittenhouse Realty Advisors has negotiated the $25.2 million sale of Avenue V, an 82-unit apartment complex in Philadelphia’s Old Kensington neighborhood. The transit-served property features one-, two- and three-bedroom units with stainless steel appliances and quartz countertops, as well as three commercial spaces. Philadelphia-based developer The Riverwards Group sold the asset to an undisclosed, New York-based investment firm. Ken Wellar and Corey Lonberger of Rittenhouse represented both parties in the deal.

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