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836 N Broad St, Philadelphia, PA, 19130
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for sale
$14,950,000
Square Feet:
35000
Lot Size:
0.14 Acres
Year Built:
2023
Status:
Active
MLS #:
PAPH2219710
Date Updated:
6/1/2023
For information contact:
MGC Real Estate Group
215-928-0221
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Introducing a truly unparalleled investment opportunity: a stunning new construction apartment building, offering a 10-year tax abatement. This luxurious property boasts an impressive 33 units, thoughtfully designed to cater to diverse lifestyles. Comprising 13 one-bedroom, 15 two-bedroom, and 4 three-bedroom apartments, alongside a versatile commercial space, this building offers both elegance and functionality. Each stylish bedroom is complemented by a full bathroom, providing the ultimate in privacy and comfort. Crafted from steel and concrete, this architectural masterpiece ensures durability and contemporary appeal. The addition of a state-of-the-art elevator whisks residents from the secure basement parking garage to the breathtaking roof deck, enhancing the building's sense of luxury and convenience. Situated on the same block as the recently renovated and reopened MET concert hall, this incredible property offers its residents a vibrant and cultured neighborhood experience. With an expected completion date of September this year, the time to capitalize on this exceptional opportunity is now. Notably, this building can be creatively operated as a hotel (Airbnb style) to generate even greater income. As a conventional apartment building, the expected monthly rent roll is approximately $85,000, but with an innovative approach, the potential for profit can be grader. Don't miss this rare chance to acquire a one-of-a-kind property. Perfect for 1031 exchange buyers or long-term investors, this remarkable building promises to be an outstanding addition to any investment portfolio. Secure your piece of architectural excellence and financial success today.
Interior Details
Building Total SQFT
: 40000.00
Exterior Details
Lot Size Acres
: 0.14
Lot Size Dimensions
: 38.00 x 160.00
Lot SQFT
: 6080.00
Community Information
County
: PHILADELPHIA
Municipality
: PHILADELPHIA
Zoning
: CMX4
Property Information From MLS Data
Accessibility Features
: Elevator, 36"+ wide Halls
Business Type
: Apartment Building
DOM
: 1
MLS Area
: 19130 (19130)
New Construction YN
: Y
Property Sub Type
: Five Or More Units
Year Built
: 2023
Utilities
Cooling Type
: Central A/C
Heating Type
: 90% Forced Air
Sewer Septic
: Public Sewer
Water Source
: Public
Listing Information Courtesy of:
List Agent Full Name
: Reuvan I Mosheyev
List Office Name
: Dan Realty
List Office Phone
: 2678086333
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Monthly Payment for 836 N Broad St
This is an
estimated
monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:
$14,950,000
Down Payment:
Loan Amount:
$11,960,000
Loan Type:
30 year fixed at
%
Principal & Interest:
Property Taxes:
(
1.5
%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Reuvan I Mosheyev, Dan Realty
Information obtained from Bright MLS is current as of 6/2/2023 1:52 AM.
Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Status Explained
Multiple Listing Services use a variety of statuses with their listings, and sometimes a combination of statuses. Below is a list of common terms you may see.
Status
Meaning
Active
Available for purchase
Active with Contract
Backup
Contingent
Cont
Continue to Show
Pending
Under Deposit
Under Contract
Available but the listing has an offer on it and is being displayed to solicit backup offers. You may be able to make an offer but you will be competing with another buyer.
Contact an agent to discuss making an offer.
Back On Market
Available. The listing was previously unavailable
Cancelled
Closed
Sold
Expired
Off Market
Withdrawn
No longer available.
New
Available, recently listed
Price Raised
Reduced
Changed
Available and has recently had a price change
Short
Short Sale
Available but requires a bank approval for any offer
Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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20 N 3rd Street, Unit 302
Philadelphia, PA 19106
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