Log In/Sign Up
Your email has been sent.
1257-71 N Newkirk Street 3 Multifamily Properties Offered at $3,350,000 in Philadelphia, PA
Investment Highlights
- 100% Occupied
- Steady Cash Flow
Executive Summary
1257-71 N. Newkirk Street is a fully leased, 14-unit multifamily portfolio located in Philadelphia’s Brewerytown neighborhood. Offered at a 6.65% in-place cap rate based on lease-supported income, the property features contractual 5% renewal rent escalations and demonstrated rental growth through recent leasing activity.
All three buildings benefit from tax abatements through 2028-2029, helping reduce operating expenses, while the recent-vintage construction may provide cost segregation and 100% bonus depreciation opportunities for qualified investors (consult your tax advisor). Positioned just minutes from Center City, the portfolio offers stabilized income, contractual rent growth, and tax-efficient ownership.
All three buildings benefit from tax abatements through 2028-2029, helping reduce operating expenses, while the recent-vintage construction may provide cost segregation and 100% bonus depreciation opportunities for qualified investors (consult your tax advisor). Positioned just minutes from Center City, the portfolio offers stabilized income, contractual rent growth, and tax-efficient ownership.
Property Facts
| Price | $3,350,000 | Status | Active |
| Price / SF | $160.03 / SF | Number of Properties | 3 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 6.66% | Total Building Size | 20,933 SF |
| Sale Type | Investment | Total Land Area | 0.16 AC |
| Price | $3,350,000 |
| Price / SF | $160.03 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 6.66% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 20,933 SF |
| Total Land Area | 0.16 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1271 N Newkirk St, Philadelphia, PA 19121 | Multifamily | 9,627 SF | 2014 | - |
| 1261 N Newkirk St, Philadelphia, PA 19121 | Multifamily | 8,000 SF | 2017 | - |
| 1257 N Newkirk St, Philadelphia, PA 19121 | Multifamily | 3,306 SF | 2018 | - |
1 1
Contacts
-
Gennadiy Kapkanov -
Jonathan Dubrow -
Coldwell Banker Commercial || RothbergDubrow
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
