An affiliate of MM Partners of Philadelphia has paid $1.4 million for the vacant Pyramid Electric Supply Co. warehouse in Brewerytown, which has permits to be converted into apartment or condo units.

Brewerytown Pyramid Building Partners LP bought the six-story building near Oxford Street and West Glenwood Avenue from an affiliate of Iron Stone Strategic Capital Partners, according to Ken Wellar, a managing partner at Rittenhouse Realty Advisors, which marketed the property.

The building has permits to be converted into a 46-unit residential project, according to Rittenhouse.

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