Kempner Properties purchase historic Philadelphia apartment building

Philadelphia, PA Kempner Properties, a White Plains-based commercial real estate company which recently purchased several local properties, completed the acquisition of a four-story apartment building in the city’s historic Rittenhouse/Fitler Square neighborhood.

The 3,105 s/f, five-unit townhouse at 2220 Delancey Pl., was built in 1900.

“This property is located on one of the city’s most beautiful and historic blocks,” said Kempner Properties managing partner Robert Kempner. “Kempner is invested in the Philadelphia market for the long-term, where we believe there are many great opportunities.”

Kempner said the company plans to renovate the building into five, one-bedroom rental apartments with finishes including lighting, Bluetooth features, heated bathroom flooring, re-finished flooring throughout and upgrades with an outdoor backyard to offer a higher end product to the neighborhood.

Zeke Rotter of Scope Realty represented the seller, Bleznak Organization.

Tags: Brokerage

Reprint

Previous Story Next Story

SL Green Realty inks 34,564 s/f of leasing at 711 Third Ave.

Manhattan, NY SL Green Realty Corp. completed two office leases totaling 34,564 s/f at 711 Third Ave. The transactions include a 14,598 s/f, 8.5-year renewal lease with Ackman Ziff Real Estate

NAI Long Island brokers sale of 2,500 s/f office for $680,000

Merrell of Island Associates sells 1,400 s/f medical office - $650,000

Merrell of Island Assocs. sells 1,400 s/f medical office

Mercor signs lease for 25,550 s/f at One World Trade Center

Roth of Manhattan Skyline leases retail space to Age of Stones

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Owners Developers & Managers

BKM Capital Partners surpasses $5 billion in AUM following landmark first half

Columns and Thought Leadership

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking