SOURCE: Rittenhouse Realty Advisors

Rittenhouse Realty Advisors

December 22, 2014 10:36 ET

Rittenhouse Realty Advisors Sells 17 New Construction Luxury Apartments in Philadelphia

PHILADELPHIA, PA--(Marketwired - December 22, 2014) - Rittenhouse Realty Advisors is pleased to announce the sale of 1509-11 W. Girard Avenue in Philadelphia. The luxury four-story property was constructed in 2014 and features an excellent unit mix with 88% of the units containing two and three bedrooms and 82% of the units containing more than one bathroom. Each unit has 10 foot ceilings, exposed duct work, high-end kitchens with granite countertops and a microwave, stainless steel appliances, modern baths, a washer/dryer, and ample closet space. The complex offers a secure entrance with video security, a courtyard and garage parking. 

The buyer is a local investor in the area. "While our sales in other neighborhoods like Graduate Hospital, Northern Liberties and Passyunk Square have garnered interest split between local and out of state investors, this Francisville location attracted more local investors," said Mark Duszak, Director of RRA. 

Francisville enjoys easy access to Center City via the Broad Street Subway (two blocks from this property) and is only a ten minute walk down Broad Street to Center City. Ken Wellar, Managing Partner of RRA, noted, "This sale shows the strength of the city and how the Center City core is now expanding to Girard. The Francisville neighborhood is one of the fastest growing areas in the city."

Based in Philadelphia, Pennsylvania, Rittenhouse Realty Advisors is a real estate advisory firm with an extensive focus in the brokerage of multi-family communities throughout the northeast region of the United States. Formed in February 2013 by a group of advisors with more than 30 years of commercial investment sales experience, our focus is on multi-family and mixed-use properties with significant residential components. 
www.RittenhouseRealty.com

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Contact Information

  • Press Contact:
    Corey Lonberger and Ken Wellar
    Managing Partners
    215-454-2852