1/7/2009

468-unit apartment community in Pittsburgh offered for $32 million

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Chestnut Ridge, a 31-building apartment community located on 25 acres just outside Pittsburgh, has been listed for sale by Marcus & Millichap.

The 468-unit community located in Robinson Township is offered for $32 million. The seller is an institutional investor.

Developed in 1986, the 359,760 square foot Chestnut Ridge complex includes five different one- and two-bedroom layouts. The apartments include private entrances, full-size washers and dryers, ceiling fans, a breakfast bar and walk-in closets.

Address: 3200 Chestnut Ridge Drive, Pittsburgh, Pa.

Size: 468 apartment units

Built: 1986

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Filed Under: Multi-Family

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