Real Estate
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.
Royal Mile management is headquartered in Whitehall Borough's Weyman Office Plaza. The plaza and the apartments complex are not far from the Caste Village Shopping Center.
Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.
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.
Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.
Sign up for the daily Baldwin-Whitehall newsletter.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
