Agent PHL Brokers ±19,000 SF Development Site in Philadelphia for $2,085,000

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Oct 25, 2023, 12:00 ET

PHILADELPHIA, Oct. 25, 2023 /PRNewswire/ -- On behalf of The Buyer, Agent PHL has formally announced the sale and settlement of 6915 Germantown Avenue in Philadelphia, Pennsylvania. The West Mount Airy site will provide a brand new apartment building in a thriving Northwest Philly marketplace experiencing surging tenant demand. The sale was brokered by Ryan McManus, principal of Agent PHL— in collaboration with Kevin Cybularz of Twyn Real Estate, LLC.

This prime multifamily development parcel in NW PHL was brokered by Agent PHL.

The ±19,000 SF Property bound by Gorgas Lane to the east and Sedgwick Street to the west is located just ten (10) miles from Amtrak's 30^th Street Station in downtown Philadelphia. It's bucolic and historic surrounds include the cobblestone corridor of Germantown Avenue— lined with local merchants, boutiques, restaurants, and breweries—as well easy access to Wissahickon Valley Park trails and the Chestnut Hill (Philadelphia's urban village) shopping district. Acme supermarket, Mount Airy Playground, and Lovett Memorial Library are all within a block's reach; and, multiple Septa train stations (Richard Allen Lane + Carpenter stations on Chestnut Hill West Line) are within walking distance of the subject property. 6915 Germantown represents a promising new multifamily development in an amenity-rich, transit-oriented, historical setting.

Said McManus: "We identified this real estate after acquiring the neighboring parcel (6903 Germantown Avenue) on behalf of The Client." He said, "6915, in tandem with 6903, creates a consolidated ±26,500 parcel—a rarity in terms of contiguous developable footprint in this mature NW PHL submarket—setting the stage for a best-in-class multifamily property to be constructed on-site."

Please direct future sales enquiries to [email protected] or visit our website at www.AgentPHL.com.

About Agent PHL / Compass Commercial

Agent PHL was founded in 2016 by Ryan McManus as a full-service hybrid real estate sales firm focused primarily on land development, multifamily investment, and residential new construction listings. The firm has enough talent, tools and resources to compete with blue chip national real estate firms yet remains boutique and nimble enough to service the most distinct, exclusive listings with a neighborhood-based approach to sales. Agent PHL has the local expertise, reputation, and connections to be considered the go-to sales team in Philadelphia. Backed by the power of Compass Commercial and its national network of top-producing agents and technology, Agent PHL services an interoffice pipeline of referrals and out-of-region enquiries on behalf of brokers, investors, and developers.

SOURCE Agent PHL