Downtown Dayton apartment building sold: Dayton Business

The downtown Dayton apartment building at 105 E. Second St. recently sold, according to new property records.

In line with the purchasing company’s previous announcement, Lindy Jefferson Flats LLC picked up the Jefferson Place or “JP Flats” building at the corner of Second and North Jefferson streets for $1.39 million. Montgomery County property records picked up the transaction Thursday.

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Pennsylvania-based Lindy Communities said in January it plans to buy and improve the property. Following renovations, the building is expected to have around 50 apartments.

Records show the seller to be Golden Line USA, which first acquired the building for $857,000 in 2015.

Jenkintown, Pa.-based Lindy has been keen on Dayton properties. In December 2018, the business bought the 14-story Dayton Towers for about $13.5 million. Dayton Towers, built in 1963, is at 425 Dayton Towers Drive, just east of the Oregon business district.

Counted among Lindy properties are the St. Clair Lofts, 35 S. St. Clair St., also in downtown Dayton, and Trailbridge Townhomes in Middletown. The company also has communities in Philadelphia, Sarasota and Tampa, Fla. and elsewhere.

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About the Author

Thomas Gnau

Thomas Gnau is a business reporter who joined the Dayton Daily News in 2007. He has reported for daily newspapers in Ohio since 1991.