1832-46 Germantown Ave - Apartments FOR SALE


Philadelphia, PA 19122- North Philadelphia East
$2,275,000 USD
215-608-3734
1832-46 Germantown Ave, Philadelphia, PA for Sale
$2,275,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

1832-46 Germantown Ave
Philadelphia, PA 19122
North Philadelphia East


OVERVIEW

Trophy Commercial Real Estate LLC is pleased to offer the opportunity to acquire 1832-46 Germantown Avenue, a ground-up development project located in the Norris Square neighborhood of Philadelphia. This development is set to be a landmark in the area, with the project already securing a zoning permit for a substantial build of 89 units within a 33,496-square- foot envelope. Ownership has attained unapproved schematic designs, which feature 34 parking spaces, 4,531 square feet of amenity spaces as well as 4,759 square feet of storage space. Additionally, the schematic plan calls for 1,879 square feet of commercial space and a communal rooftop deck. Delivered with zoning permits, the purchaser will need to obtain building permits. Strategically located just off Berks Street, 1832 Germantown Avenue leverages its location in a neighborhood experiencing rapid gentrification, with new developments progressively moving northward from Fishtown and Northern Liberties, embedding it within the dynamic and evolving Norris Square community. Its transit-oriented location ensures unparalleled convenience, positioned only two blocks from SEPTA Berks Street station and close to Interstate-95. This connectivity provides effortless access to Center City, Philadelphia, and its surrounding suburbs.

FOR SALE DETAILS

PRICE

$2,275,000 USD

PRICE/SF

$23 USD /SF

# OF UNITS

89

PRICE/UNIT

$25,562

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1832-46 Germantown Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Saam TashayyodTrophy Commercial Real EstateMore Info
215-608-3734

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Saam TashayyodTrophy Commercial Real EstateMore Info
215-608-3734

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.