The Duffield House Apartments in West Philadelphia were recently sold to Duffield House Holdings, linked to Premier Properties of Lakewood, New Jersey, for $38.35 million, writes Ryan Mulligan for the Philadelphia Business Journal.
The apartment building, previously owned by Blue Bell-based Depaul Group, was constructed in 1965 and recently assessed at $37.1 million, according to city records.
The 11-story structure has 272 units, including studio, one-bedroom, and two-bedroom apartments. Monthly rents begin at $1,235 for studios, $1,375 for one-bedroom units, and $1,815 for two-bedroom apartments. The on-site amenities include a pool as well as a fitness center.
The Duffield House Apartments is positioned just off of City Avenue and the Schuylkill Expressway, close to several other apartment buildings, like Helston Apartments, River Park House Condominium, and West River Apartments.
This is not Premier Properties’ first venture on City Avenue. In 2022, the company completed a nearly $10 million renovation of the 302-unit, 22-story Premier at City Line.
The sale marks the third major multifamily transaction in this part of the city since September, following the Philadelphia Housing Authority’s purchases of Brith Sholom House and Dane.
Read more about the Duffield House Apartments latest Philly purchase in the Philadelphia Business Journal.
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