YORK, PA., September 15, 2020 – Scope Commercial Real Estate Services, LLC (“SCOPE”), a leading middle-market multifamily investment sales firm has announced the sale of Two32 Apartments, a 43-unit adaptive reuse multifamily asset located in downtown York, PA. The property sold for $5,700,000 which equates to $132,588 per unit.
Jonathan Massaro and Zeke Rotter had the exclusive listing to market the property on behalf of the seller, a Central Pennsylvania-based partnership, and procured the buyer, a New York-based company.
Two32 Apartments is located on Market Street in York, west of Continental Square. Originally built in the 1950s, the building was fully renovated in 2017 to include 35 one-bedroom units and eight two-bedroom units. The building features a rooftop amenity space, a fitness center, a yoga studio, a billiards and game room, and a resident lounge. The apartment building includes 69 parking spaces.
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SCOPE is the Philadelphia region's preeminent commercial real estate services firm. Privately held, SCOPE offers middle-market investment sales, debt & structured finance, and asset advisory services in the multifamily, mixed-use, and development asset classes. SCOPE empowers its agents through collaboration and technology. In effect, our clients benefit from the most current market intelligence available. This market intelligence coupled with decades of deal making experience ensures maximum return on investment.