By Adriana Pop, Associate Editor
Greysteel has been retained as the exclusive advisor and agent for the sale of Cliveden Apartments, a 40-unit residential building in Northwest Philadelphia.
The firm’s multifamily investment sales team handling the assignment is led by Caleb Brown and Ari Firoozabadi.
Located in the city’s Mount Airy neighborhood, the property offers a mix of studio, one bedroom, and two bedroom-one bathroom units. Recently completed improvements included a new elevator, windows and hot water heaters, as well as upgrades to half of the community’s units.
Residents at Cliveden Apartments have easy access to a variety of independent shops, restaurants, art galleries, clothing stores, coffee shops, fitness centers, and professional offices. The property is also within blocks of SEPTA Regional Rail’s Chestnut Hill East and West line stations, with convenient access to nearby top-tier universities and medical centers.
“Cliveden Apartments represents a unique, value-add opportunity in one of the fastest developing markets in Philadelphia,” Greysteel Senior Investment Associate Caleb Brown said. “Mount Airy’s retail and restaurant amenities coupled with the blossoming arts and entertainment district along Germantown Avenue have made the area an increasingly attractive destination for artists, young professionals, and families.”