Multifamily Listing in Philadelphia

 

PHILADELPHIA —Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, listed The Grace, a Class A luxury apartment building located at 3503 Midvale Ave, Philadelphia, PA. Matthews™ Senior Associate Brandon Ribeiro is the exclusive listing agent for the property. The Grace is listed at $11,000,000.

 

The apartment building is currently leasing and will be delivered stabilized with a 10-year tax abatement. The Grace, totaling 30,000 square feet, features 34 units, including studios, 1-bed, and 2-bed spaces. Boasting several luxury amenities, The Grace offers residents a state-of-the-art fitness center, ground-floor retail, a furnished rooftop deck for entertaining, and more.

 

“Our affiliated residential brokerage team has assisted with the lease-up of the asset, providing value to the client from start-to-finish,” Riberio said. “Furthermore, having procured multiple offers before the exclusive listing period commenced, we are now in a position to command strike pricing for the client in an upward-moving marketplace with an audience eager to transact after a prolonged 22-month market lull.”

 

The Grace is in Northwest Philadelphia’s East Falls neighborhood. In addition to onsite retail, the apartment is positioned near several shopping centers, walking trails, and local transportation.

 

For more information on this listing, please reach out to brandon.ribeiro@matthews.com.

 

About Matthews™

Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 600 agents and support staff in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.