Kislak sells late 19th Century luxury apartment building in Bethlehem, PA for $7.05 million

BETHLEHEM, PA — The Kislak Company, Inc. announced the sale of Bethlehem Silk Mill, a luxury apartment building consisting of 61 units at 238 Goepp St. in Bethlehem, for $7.05 million. 
Kislak marketed the property on an exclusive basis with president Robert Holland and vice president Justin Lupo handling the assignment. Vice president Matt Wolf represented the purchaser. Holland commented, “This is the second time Kislak sold this property. The seller benefited from the rent growth that’s occurring in the Lehigh Valley and was able to sell for considerably more than what they paid for it seven years ago.”
Built in 1886, the four-story, elevator apartment building was gut renovated in 2010 with additional improvements in 2015-2017 wherein upon completion all systems, windows, and interiors were replaced. A unique property in the downtown Bethlehem rental market, this one-of-a-kind building offers Manhattan-style, high end loft appeal in a prime location.

 

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