PHILADELPHIA, PA — With the 2018 multi-family investment year now closed, Gebroe-Hammer Associates recently arranged the sale of 22 units at 909 Corinthian Ave., in the Francisville neighborhood of Philadelphia. Sales associate Joseph Gehler along with senior vice president Eli Rosen represented the seller and procured the buyer in the trade, which garnered a $206,818 per unit sale price.
The turn-of-the-century elevator building is strategically located at the corner of Corinthian Ave. and Cambridge St., within the city’s trendy Art Museum District alongside Fairmount Park. “This entire 28-block district is undergoing sweeping revitalization and is literally on the frontlines of gentrification,” said Gehler, who has been a member of the firm’s Greater Philadelphia brokerage team for two years. “It has tremendous appeal among the young-professional renter base, which accounts for 75% of the overall population and is attracted to the neighborhood’s direct connection to Center City via Ridge Avenue.”