Maiden Bridge, Canongate Sell for $11.75 Million
Price revealed by Pittsburgh Business Times.
The Baldwin-Whitehall Patch reported this past month that the Caste family's Royal Mile Company sold its Maiden Bridge and Canongate Apartments property to New York state-based Morgan Management on Dec. 26.
On Friday, the cost of that transaction was reported by the Pittsburgh Business Times to be $11.75 million.
The apartments complex's size, according to the Allegheny County Assessment Web page, is 2.4 acres and was assessed in 2002 at $8.8 million in total value. However, a 2012 countywide reassessment put the lot at $9,240,400 in total value.
The complex's apartment units total 415, according to the Business Times.
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