On 7/6/2007 4530 Frankford Avenue was sold for $155,000. See the BRT for details here.
The picture to the left is as the building looked at the time sale. Picture to the right shows an updated view.
Category: Business
Real estate transactions 2007 on Main Street
Real estate transactions 2007 on Main Street
On 8/29/2007 4441-49 Frankford Avenue was sold for $300,000. the details of the sale come from the BRT web site link here.
You can see some improvements have been made in this newer picture to the right taken this week.
On 7/2/2007 4458 Frankford Avenue was sold for $45,000. Details at the BRT web site via this link.
Is another big rehab coming to Main Street Frankford?
I reported last week about how we are reviewing the real estate transactions on Frankford Avenue. One of the largest took place July 16 of 2007 with the purchase of 4243-47 Frankford Avenue for $510,000 by Berkley Property LLC.
The legal address for Berkley is 1010 Shepard Road in Blue Bell. This is the same address as the Wedge Med Corporation a major provider of substance abuse services. They are making significant improvements to the property.
We have no more accurate information at this point but we’ll continue to research the issue.
Main Street Frankford
We’ve spent the last few days going over the BRT web site to see what it shows about real estate activity on Frankford Avenue last year. It took some time but now we can report that 25 properties were transferred in 2007. One of them was transferred twice. This runs from the 4200 block through the 5200 block. $ of those transfers only were title changes. The remaining 21 were valued from $32,000 to $3,732,000. 8 of the new owners gave addresses outside of Philadelphia. 2 of those 8 are located in Brooklyn, New York.
In 2006 there were 37 transfers between $15,000 and $550,000.
In 2005 there were 39 transfers between $20,000 and $750,000.
In 2004 there were 30 transfers between $9,000 and $310,000.
This is the first of a series where we will take a look at those properties transferred in 2007.
