A five-story, 7,155-square-foot Rittenhouse Square brownstone that was originally placed on the market 15 years ago has finally been sold, writes Ryan Mulligan for the Philadelphia Business Journal.

The property sold for $2.625 million — about half of its original list price — to a New York buyer, according to Nancy Alperin, a broker with Maxwell Realty Co., who represented the sellers on the deal.

The roughly 160-year-old home was originally listed in 2009 for $5.2 million, and bounced on and off the market over the past 15 years, trading hands between five different brokers.

It was converted from a nine-unit apartment building about 20 years ago.

Luis Bird and Oscar Soldano were the sellers of the home, who spent about two-and-a-half years remodeling it after purchasing it in 2000 for $645,000. A pending sale last spring at nearly $3 million ultimately fell through.

Alperin, who has held the listing since mid-2022, called the price tag “one of the best values in the history of the world,” as it’s essentially a mansion in one of the top neighborhoods in Philadelphia at well under $400 per square foot.

“That’s finally how someone looked at it from an exterior viewpoint,” Alperin said.

Read more about the Rittenhouse Square home that recently sold after 15 years on the market at the Philadelphia Business Journal. 

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Editor’s Note: This post first appeared on MONTCO Today in March 2024. As an Amazon Associate, we earn from qualifying purchases.