McGettigan Negotiates Sale of Conshohocken Apartment Buildings
Updated: Oct 17, 2022
Beau McGettigan Director, Investments - Greater Philadelphia (215) 360-3540 | firstname.lastname@example.org Beau McGettigan, Director at KW Commercial, recently brokered the transaction for 709-711 Harry Street in Downtown Conshohocken, PA. The offering consisted of two side-by-side buildings, 12 apartment units. The buildings were legacy-owned and self-managed with extremely little turnover. Current rents were below market 30-70% with minimal renovations required to achieve at or above market. The property was placed under agreement in under 30 days and settled in 60 days and represented a record for Montgomery County Class B Apartments trading at $255k± / a 4% Cap Rate. Dave Specht, area director for KW Commercial, added, “Once again Beau did an excellent job for his client. We are very pleased with his efforts and results.”
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