Trophy CRE closes newly built 3-unit mixed-use multifamily property in Philadelphia, PA

Philadelphia, PA — Trophy Commercial Real Estate announced the closing of 601 N 39th St., a newly built three-unit mixed-use multifamily property located at the corner of 39th St. and Haverford Ave. in West Philadelphia.

The asset totals 3,420 rentable s/f, comprising two three-bedroom residential units and one ground-floor commercial space. Delivered fully vacant, the property offered investors immediate control over leasing strategy and repositioning.

Investment Highlights:

• Delivered Fully Vacant – Immediate lease-up opportunity

• Built in 2020 – Modern construction with minimal near-term capex

On the financial side, Trophy CRE arranged financing for a 30-unit, 23,441 s/f multifamily property in Norristown, PA.

The loan was secured through a regional banking relationship and structured with attractive long-term debt, cash-out proceeds and operational flexibility.

Deal terms included a 5.52% fixed interest rate, five-year term, 25-year amortization, structured prepayment penalty, recourse and regional bank execution.

Escrow closed May 14, 2026.

The property is located in Norristown’s established apartment submarket, benefiting from a dense infill location, regional connectivity, proximity to employment centers and strong multifamily demand fundamentals.