Philadelphia · Commercial sale
Lennox Properties buys 232 W Walnut Ln in Philadelphia for $14.75 million
An apartment complex at 232 W Walnut Ln, Philadelphia sold for $14,750,000 on August 7, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $14,750,000
- Sold
- August 7, 2026
- Property type
- Apartment complex
- Building area
- 112,800 sq ft
- Price per sq ft
- $131
- Year built
- 1930
An apartment complex at 232 W Walnut Ln in Philadelphia sold for $14,750,000 on August 7, 2026, well below the $22,150,000 its most recent earlier sale on record brought in 2022, according to the Philadelphia Office of Property Assessment. The sale is documented in the Philadelphia Department of Records' real estate transfer records.
Lennox Apartments Gem LLC is listed as the seller. Lennox Properties LLC is listed as the buyer.
The Office of Property Assessment's records show 112,800 square feet of building area, a 1930 construction date and a 1.14-acre lot. At that size, the price works out to $131 per square foot. The market value on record is $13,978,700, which puts the sale price above it.
An aerial photo of the property shows that the site holds 3 buildings. The photo also shows other houses around it.
What this sale costs to close
What does closing cost at this price? Under Philadelphia custom the seller's larger charges are $263,877.50 for the philadelphia realty transfer tax and $73,750 for the state realty transfer tax. The seller's estimated net is $14,323,673 before brokerage commissions and any loan payoff. A cash buyer would need about $15,210,035 at closing.
Source: Philadelphia Department of Records, real estate transfers (OpenDataPhilly), document 54583194. Property details: Philadelphia Office of Property Assessment. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
