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1500 N Randolph St - BINDER TERRACE 44 Unit Apartment Building Offered For Sale Philadelphia, PA 19122
INVESTMENT HIGHLIGHTS
- Turnkey Opportunity: New Construction with Little to No Deferred Maintenance
- Proximity to Award-Winning Amenities: Walk to the Hottest Restaurants, Bars, and Shopping in Philadelphia
- Access to Major Highways: Direct Access to I-95, I-676, and I-76
- Highly-Desirable Oversized Living Spaces: Designed as For-Sale Product with Large Open Floor Plans and Private Outdoor Space
- Rapidly Gentrifying Location: Olde Kensington Continues to Experience Tremendous Development
EXECUTIVE SUMMARY
Binder Terrace is comprised of 36 new luxury apartment units and 8 build-to-rent townhomes in the rapidly gentrifying Olde Kensington neighborhood of Philadelphia. The Asset boasts oversized floor plans and luxury finishes, including stone countertops, stainless steel appliances, upgraded fixtures, an in-unit washer/dryer, and private outdoor space.
The Asset presents the opportunity to acquire a turnkey new construction community in a quality location with upside through natural turnover. The Property was constructed for a dual exit strategy as either apartments or for-sale product featuring oversized floor plans, ample natural light, and bi-level living space.
The Olde Kensington submarket is adjacent to Fishtown, one of the hottest neighborhoods in the country, with award-winning restaurants, shopping, and nightlife. Current and future tenants choose Old Kensington to be immersed in a vibrant culture of young professionals, while seeking larger floor plans at a lower cost than their Fishtown neighbors. Furthermore, the Property is located minutes from major transportation routes, including West Girard Avenue, North Delaware Avenue, and Interstates 96, 76, and 676, providing unparalleled access throughout the Philadelphia MSA.
The Asset presents the opportunity to acquire a turnkey new construction community in a quality location with upside through natural turnover. The Property was constructed for a dual exit strategy as either apartments or for-sale product featuring oversized floor plans, ample natural light, and bi-level living space.
The Olde Kensington submarket is adjacent to Fishtown, one of the hottest neighborhoods in the country, with award-winning restaurants, shopping, and nightlife. Current and future tenants choose Old Kensington to be immersed in a vibrant culture of young professionals, while seeking larger floor plans at a lower cost than their Fishtown neighbors. Furthermore, the Property is located minutes from major transportation routes, including West Girard Avenue, North Delaware Avenue, and Interstates 96, 76, and 676, providing unparalleled access throughout the Philadelphia MSA.
PROPERTY FACTS
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Walk Score®
Very Walkable (83)
Transit Score®
Excellent Transit (82)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 881000630 | Improvements Assessment | $8,717,670 |
| Land Assessment | $968,630 | Total Assessment | $9,686,300 |
PROPERTY TAXES
Parcel Number
881000630
Land Assessment
$968,630
Improvements Assessment
$8,717,670
Total Assessment
$9,686,300
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