The Kislak Company, Inc. sells Lancaster County, PA apartments for $11.7 Million

Ephrata, PA — The Kislak Company, Inc. announced the recent sale of Stonecreek Court Apartments, a 60-unit apartment complex at 2-93 Stonecreek Court in Ephrata, Lancaster County, Pennsylvania, for $11,700,000.

Kislak marketed the property on an exclusive basis with senior vice president Matt Wolf handling the assignment and he also procured the purchaser.

Wolf said, "This was a trophy asset built in 2008 and sold by the original developer.

We received 12 aggressive offers and ultimately closed with a longstanding client that has a number of other properties in the area.”

The property consists of five, two-story buildings with a total of 60 stabilized, luxury residential units with parking situated on 6.22 acres. The units mix includes 10 one-bedroom apartments, 20 two-bedroom apartments and 10 three-bedroom apartments. Units feature high-end finishes, center kitchen islands, gas fireplaces and vaulted ceilings with outdoor access via patio or balcony.

The property is located in a quiet neighborhood in the highly rated Ephrata School District. It is ideally located close to Lancaster City, Berks and Lebanon Counties with the PA Turnpike just minutes away for an easy commute.

Wolf joined Kislak in 2017 following over a decade of success in the commercial real estate industry focused on multifamily and other investment sales transactions in central and eastern Pennsylvania. In 2020, he earned the firm’s Jay I. Kislak Producer of the Year award after selling over 1,100 residential units valued at nearly $100 million and in 2022, he earned the firm’s Sima Kislak Jelin Salesperson of the Year award. Wolf is a Certified Commercial Investment Member and also holds a Pennsylvania real estate broker’s license. He was promoted to a senior vice president in 2022.