Greenfield sells LeCrillon to NY firm for $14.8M

Albert "Moose" Greenfield 3d's real estate company, named for his grandfather, a prominent developer, political donor, hotel and retail investor, has sold Le Crillon Philadelphia, a 16-unit (12 flats, 4 bi-level penthouses) plus 9 retail space apartment house at 105 S. 18th St. near Rittenhouse Square, to an as-yet unnamed New York buyer for $14.81 million.

Ken Wellar, Corey Lonberger and Christopher Munley of Marcus & Millichap's Philadelphia officer represented the seller. M&M says the price works out to $355 a square foot. The apartments average $3,900/month. The stores include DiBruno Bros. foods, Flower Expressions, 18th Street Apothecary, Scoop DeVille, Premium Steap, and Clear; M&M says the rents are the "highest" per sq ft on Chestnut St., once the city's premier shopping district before a 1970s experiment with banning motor traffic shifted high-end shops over to Walnut.