The Yasin Khan 2021 FamilyTrust
Completes Purchase of Land forDevelopment of Apartments in the City of Allentown
Feinberg Real Estate Advisors,LLC
Represents the Buyer and Seller
Planned Apartment Development aBenefit to Good Shepherd Neighborhood
Allentown, PA – Feinberg Real Estate Advisors, LLC announced today that itrepresented the Buyer, The Yasin Khan 2021 Family Trust and the Seller, CottageInvestment LP, on the purchase and sale of 6th & CumberlandStreets, a planned 144-unit apartment complex located in the City ofAllentown. The six-plus acres of land sold for $1,250,000.
“I’m looking forward to providing this neighborhood in the City ofAllentown with a new multi-family project consisting of 144 units of one- andtwo-bedroom apartments.” said Yasin, Khan, MD. “The area, withproximity to Good Shepherd Hospital and Trout Creek Park, will provide neededhousing units for families in the area. I appreciate the City ofAllentown’s support of this project.”
“I was involved in redevelopment discussions forthese parcels of land more than 12 years ago when I was the Director ofCommunity & Economic for Lehigh County.” said Cindy McDonnell-Feinberg,CCIM. “It was a priority project for the City of Allentown and LehighCounty that took several twists and turns before recently receiving finalapprovals from the City for the project. I am excited for theredevelopment project to begin.”
“Everyonewins when a developer is able to take a problematic brownfield and create ameaningful reuse that puts it back on the tax rolls,” said Allentown Mayor MattTuerk. “Every day, we are working to create a safer, cleaner andhealthier Allentown, and I am thrilled that the private sector is invested inthat vision.”
About Cumberland Apartments
Cumberland Apartments will consist of 144 units of one- andtwo-bedroom apartments. The proximity is excellent to Good Shephard,Hospital and Allentown’s Trout Creek Park. The project is scheduled tobegin construction in April of 2023.
About Feinberg Real Estate Advisors, LLC
Feinberg Real Estate Advisors, LLC is the Lehigh Valley’s leadingindependent commercial real estate brokerage firm. Our focused areas ofexpertise include commercial and industrial brokerage, investment properties,commercial development and consulting and real estate project management. Our hands-on approach to client management and our personal investments incommercial real estate provides us with a unique perspective on the industry.