Court Apts sold for $22 million
Posted by Jordan Osecki on 18 Aug 2008 at 06:04 pm | in: The Drexel Beat
The Powelton Court apartments on 3500-3540 Powelton Avenue have been sold for $22.35 million, according to an article on Costar.com.
University Communities LLC was the company which purchased the apartments from David Stern Management Corporation. There were 167 apartment units, so the sale totalled $133,832 per apartment unit.
The property consists of three restored Victorian-era buildings constructed in 1910 with apartments ranging from studios to two-bedrooms. It’s primary residents are Drexel and UPenn students.
Photo source: Costar.com.
