Fully Entitled Multifamily Development Site
$3,200,000
2149 East Rush Street, Philadelphia, PA 19134
7
Cap Rate
1,419,636
NOI
Details:
Description:
2149 Rush is a fully-entitled multifamily development site in Philadelphia, Pennsylvania. Permits have been issued and foundations are underway for the construction of a five-story building with 86 units. A prominent corner site will translate to a commanding building presence once developed. The residential units are rich in balconies (private outdoor space) and the ground floor includes artist studios, amenity space and private parking. This elevator building is surrounded by progressive new development in every direction and is walkable to public transit (Somerset station on Market-Frankford El train), Fishtown (Philly’s most popular district, the Delaware River Waterfront and more. Easy access to I-95, Center City and University City. 10 year tax abatement.
AMENITIES:
Elevator
Balconies
Artist Studios (can be flexed into larger or smaller units / alternate amenity spaces)
Amenity Space
Private Parking + EV charging (24 spaces and 26 bike spaces)
Green Roof
Documents:
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Offering Memorandum
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Location
Gallery
