Bethlehem apartment building sells for $7.05M

Brian Pedersen//August 26, 2019

A property built in 1886 in the downtown Bethlehem rental market recently sold for $7,050,000.

This property, built in 1886, once served as a silk mill. Today, it’s an apartment building in Bethlehem that recently sold for $7.05 million. (Submitted) –

Eastwood Apartments LLC bought the building at 238 Goepp St. from 4220 Broadway LLC, according to Northampton County property records.

The 61-unit building has four stories built out of a former silk mill.

The Kislak Co., a real estate firm based in Woodbridge, N.J., marketed the property and finalized the sale, according to a news release.

In 2010, the owner renovated the building and completed additional improvements in 2015 through 2017, which included replacing windows and interior fixtures.

The building includes a mix of studios, and one, two, three and four-bedroom units. Occupancy at the sale was at 100 percent.

Matt Wolf, vice president of Kislak, secured the buyer in the transaction. Robert Holland, president of Kislak, and Justin Lupo, vice president, represented the seller.

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