Architects Building

Philadelphia, PA

  • Purchased in 1998 for $3.1 million

  • 153,000 square foot, 24‐story office building

  • Exceptional location within Philadelphia’s Center City District

  • Constructed in 1930 in an attractive Art‐Deco style

  • Repaired, renovated, and leased up through hands‐on management

  • Achieved substantial positive cash flow throughout ownership period

  • Refinanced in 1999 for $5 million

  • Sold to developer as a condominium conversion project in 2007 for $21 million

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425 East 52nd Street

New York, NY 10022

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