Philadelphia · Commercial sale
733 Chestnut Owner buys 727 Chestnut St in Philadelphia for $8.82 million
A parking garage at 727 Chestnut St, Philadelphia sold for $8,825,000 on July 27, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $8,825,000
- Sold
- July 27, 2026
- Property type
- Parking garage
- Building area
- 84,794 sq ft
- Price per sq ft
- $104
- Year built
- 1940
A parking garage at 727 Chestnut St in Philadelphia sold for $8,825,000 on July 27, 2026, a price that works out to $104 per square foot and lands 22% below the market value on record, according to the Philadelphia Department of Records' real estate transfer records.
The record lists Chestnut 733 Associates LP as the seller and 733 Chestnut Owner LLC as the buyer. An aerial photo of the property shows its setting: around it are shops and offices.
The Philadelphia Office of Property Assessment's records show 84,794 square feet of building area, a 1940 construction date and a 19,606-square-foot lot. The market value on record is $11,316,500, which puts the sale price 22% under it.
Against the past, the number looks different. The most recent earlier sale on record is $7,800,000 in 2013, and this price is 13% above that.
What this sale costs to close
What does closing cost at this price? Under Philadelphia custom the seller's larger charges are $157,879.25 for the philadelphia realty transfer tax and $44,125 for the state realty transfer tax. The seller's estimated net is $8,565,856 before brokerage commissions and any loan payoff. A cash buyer would need about $9,107,719 at closing.
Source: Philadelphia Department of Records, real estate transfers (OpenDataPhilly), document 54579149. 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.
