Penn Rose, Pittsburgh, Pennsylvania

Equity raised

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Penn Rose, Pittsburgh, Pennsylvania 2017-05-30T13:55:38+00:00

Project Description

Acquisition, renovatin and conversion of a building to a 72-unit apartment building with a commercial level, while maintaining its historic elements. The property is located in Pittsburgh’s Strip District, close to commerce and entertainment venues.

1627 Penn Avenue, Pittsburgh, PA 15222, USA

Year launched

2015

Equity raised

$3,030,000

Expected duration

36 Months

21.81%

About the neighborhood

Pittsburgh is home to a population of 330,000 people and it’s the second largest city in Pennsylvania. The city is technologically advanced, full of art and tourism. It boasts over 1,600 companies which operate from the city, and offers residents a variety of recreational venues, museums, and many sports related activities.

About the developer

Realtor Ethan Fellheimer has previously acted as a Senior VP at a Pennsylvania bank, and today lectures on entrepreneurship and the legal implications of his work. Forest Pasrin has extensive experience in managing construction companies and is considered an expert on the legal aspects of real estate investments.

The opportunity

Acquisition, renovatin and conversion of a building to a 72-unit apartment building with a commercial level, while maintaining its historic elements. The property is located in Pittsburgh’s Strip District, close to commerce and entertainment venues.

Other projects by the developer