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PHILADELPHIA-Locally based GNS Associates has bought River Park Gardens, a fully-occupied, 42-unit multifamily rental building at 1205 E. Orange Ave. in Lancaster,PA, for $1.05 million, or $25,000 a unit. The building was built in 1949 and has been owned by the seller, Lancaster residents Richard Moncrief and his wife, for the past 20 years.

Lancaster is the county seat and largest city in Lancaster County in the heart of the state’s Amish countryside.

The Philadelphia office of Encino, CA-based Marcus & Millichap Real Estate Investment Brokerage Co. was the listing broker for the property and also secured the buyer.

Marcus & Millichap has 34 offices nationwide and had sales in excess of $6.4 billion last year. It claims to be the largest commercial real estate brokerage in the US that focuses exclusively on real estate investments.

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