Philadelphia · Commercial sale
RPG 32 Race buys 3201 Race St in Philadelphia for $4.2 million
A vacant land at 3201 Race St, Philadelphia sold for $4,200,000 on July 3, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $4,200,000
- Sold
- July 3, 2026
- Property type
- Vacant land
- Lot size
- 20,810 sq ft
A vacant parcel at 3201 Race St in Philadelphia changed hands for $4,200,000 on July 3, 2026, a price that sits below the $6,000,000 market value the city has on its books. The sale appears in the Philadelphia Department of Records' real estate transfer records.
Those records list Drexel University as the seller and RPG 32 Race LP as the buyer.
The Philadelphia Office of Property Assessment's records describe the property as vacant land of 20,810 square feet. No building appears in those records.
What this sale costs to close
What does closing cost at this price? Under Philadelphia custom the seller's larger charges are $75,138 for the philadelphia realty transfer tax and $21,000 for the state realty transfer tax. The seller's estimated net is $4,072,421 before brokerage commissions and any loan payoff. A cash buyer would need about $4,342,100 at closing.
Source: Philadelphia Department of Records, real estate transfers (OpenDataPhilly), document 54571034. 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.
