Rittenhouse Realty Advisors Arranges Sale of Student Housing in Philadelphia
- May 24, 2018
Rittenhouse Realty Advisors (RRA) has arranged the sale of The Alexandria Apartments in the University City neighborhood of Philadelphia. “University City continues to be one of the hottest markets in Philadelphia,” said Ken Wellar, managing partner at RRA, in prepared remarks. “We were able to secure a first-time buyer from the New York market, due to our unique marketing process.”
Located at 516 S. 42nd St., the community comprises 74 bedrooms in 25 units. Amenities include hardwood flooring and on-site laundry facilities.
The University of Pennsylvania, Drexel University, The Institute of Contemporary Art, Perelman Center for Advanced Medicine, Marvin Samson Center for the History of Pharmacy and Children’s Hospital of Pennsylvania and Clark Park are located nearby. The property offers easy access to Baltimore Avenue, S. 38th Street, Schuykill Expressway, Chestnut Street and Walnut Street.
In March 2018, Rittenhouse Realty Advisors sold a 16-unit property located in Philadelphia’s Fishtown neighborhood. JOSS Realty Partners acquired the newly constructed building for $6.3 million.
Photo courtesy of Rittenhouse Realty Advisors