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The Bordeaux 2600 W Girard Ave 16 Unit Apartment Building $4,799,000 ($299,938/Unit) 6% Cap Rate Philadelphia, PA 19130
Executive Summary
2600 W Girard LLC presents The Bordeaux, a distinguished mixed-use multifamily asset located at 2600 West Girard
Avenue in the Brewerytown/Fairmount corridor of Philadelphia, Pennsylvania. Completed in Q4 2022, The Bordeaux
represents one of the highest-quality new-construction mixed-use investments in Brewerytown, a neighborhood
experiencing significant appreciation driven by its proximity to Fairmount Park, the Philadelphia Museum of Art, and the
rapidly expanding commercial corridor along West Girard Avenue.
The building comprises 16 residential apartment homes across 4 distinctive unit types (4 one-bedroom, 4 studio, and 8
two-bedroom units), complemented by ground-floor commercial space with a long-term NNN restaurant tenant and a
lower-level office suite, all within a striking 5-story mixed-use structure of 20,938 gross SF. The offering provides investors
with immediate cash flow from a stabilized, professionally managed asset with significant long-term upside through
lease-up of two vacant residential units and the lower-level office suite in an undersupplied submarket.
Avenue in the Brewerytown/Fairmount corridor of Philadelphia, Pennsylvania. Completed in Q4 2022, The Bordeaux
represents one of the highest-quality new-construction mixed-use investments in Brewerytown, a neighborhood
experiencing significant appreciation driven by its proximity to Fairmount Park, the Philadelphia Museum of Art, and the
rapidly expanding commercial corridor along West Girard Avenue.
The building comprises 16 residential apartment homes across 4 distinctive unit types (4 one-bedroom, 4 studio, and 8
two-bedroom units), complemented by ground-floor commercial space with a long-term NNN restaurant tenant and a
lower-level office suite, all within a striking 5-story mixed-use structure of 20,938 gross SF. The offering provides investors
with immediate cash flow from a stabilized, professionally managed asset with significant long-term upside through
lease-up of two vacant residential units and the lower-level office suite in an undersupplied submarket.
Property Facts
| Price | $4,799,000 | Building Class | B |
| Price Per Unit | $299,938 | Lot Size | 0.03 AC |
| Sale Type | Investment | Building Size | 20,940 SF |
| Cap Rate | 6% | Average Occupancy | 90% |
| No. Units | 16 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | CMX2.5 - Pedestrian-friendly retail and service uses in commercial areas. It promotes active, mixed-use environments with a focus on walkability | ||
| Price | $4,799,000 |
| Price Per Unit | $299,938 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.03 AC |
| Building Size | 20,940 SF |
| Average Occupancy | 90% |
| No. Stories | 5 |
| Year Built | 2023 |
| Opportunity Zone |
Yes |
| Zoning | CMX2.5 - Pedestrian-friendly retail and service uses in commercial areas. It promotes active, mixed-use environments with a focus on walkability |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $1,275 | 465 |
| 1+1 | 4 | $1,525 | 550 |
| 2+2 | 8 | $1,925 | 730 |
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (83)
Property Taxes
| Parcel Number | 881070278 | Improvements Assessment | $2,960,100 |
| Land Assessment | $328,900 | Total Assessment | $3,289,000 |
Property Taxes
Parcel Number
881070278
Land Assessment
$328,900
Improvements Assessment
$2,960,100
Total Assessment
$3,289,000
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The Bordeaux | 2600 W Girard Ave
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