SCOPE sells downtown York multifamily asset
YORK, PA — Scope Commercial Real Estate Services, LLC (“SCOPE”), a leading middle-market multifamily investment sales firm has announced the sale of Two32 Apartments, a 43-unit adaptive reuse multifamily asset located in downtown York. The property sold for $5.7 million which equates to $132,588 per unit.
Jonathan Massaro and Zeke Rotter had the listing to market the property on behalf of the seller, a Central Pennsylvania-based partnership and procured the buyer, a New York-based company. Two32 Apartments is located on Market Street in York, west of the Continental Square. Originally built in the 1950s, the building was fully renovated in 2017 to include 35 one-bedroom units and eight two-bedroom units. The building features a rooftop amenity space, a fitness center, yoga studio, a billiards and game room and a resident lounge. The apartment building includes 69 parking spaces.