“Agent PHL / Compass Commercial Broker Sale of 67-Unit Opportunity Zone Multifamily Development in Philadelphia for $3,100,000”

McManus said, “After reviewing several worthy offers, our customer (the seller) showed extreme patience before ultimately deciding to accept an offer from a qualified developer. Our industry-leading tools and technologies such as Philadelphias The leading hybrid listing company has enabled us to maximize the selling price for The Seller by detailing the best and highest use of The Property: a 67-unit apartment building with just under 3,000 SF of commercial space on the ground floor plus 12 underground parking spaces in an 11-storey, over 57,000 SF residential tower that houses the City center and North Broad Districts. “

“At $ 375 per square foot this is one of the highest land sales in Philadelphia to date in 2021 and we are overwhelmingly happy with the results for our client. We have accomplished our mission to get the maximum value in the shortest amount of time throughout the listing on behalf of the seller, “he said.

McManus later went on to describe the wave of activity that started in the third quarter of the Philadelphia Marketplace, especially in the Qualified Opportunity Zone (s) and neighborhoods around the downtown core: “Broad and Melon received multiple offers and closed north of 92% of the original offer price; Smart Investors Place Capital in QOZ Development Sites and Newly Built Apartment Buildings Our listing expertise in these asset classes has focused us on capitalizing on increasing buyer demand for our valued clientele, with 1031 stock exchange guidelines that may be adjusted and the 10 year tax exemption program is reduced, this is the most favorable time in Philadelphias rich and storied history to buy land and newly built homes. “

Please direct future sales inquiries to [email protected] or visit our website at www.AgentPHL.com.

Via Agent PHL / Compass Commercial
Agent PHL was killed in 2016 by. founded Ryan McManus as a full-service hybrid real estate sales company primarily focused on land development, multi-family investments and new housing offerings. With 8 agents and employees, the company has enough talent, tools and resources to compete with national blue-chip real estate firms, but remains boutique and agile enough to serve the most diverse and exclusive offerings. Agent PHL has the local expertise, reputation and connections to be considered the sales team of choice in India Philadelphia. Now supported by the power of Compass Commercial and its national network of world class agents and technology, Agent PHL serves a cross-office pipeline of recommendations and inquiries outside the region on behalf of brokers, investors and developers.

Media contact:
Ryan McManus
[email protected]

SOURCE agent PHL

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