See Home Value
$3,629,801*
Multifamily - Off Market

1335 N MARSTON STREET

PHILADELPHIA, PA 19121
bedrooms
Studio
bathrooms
0 Bath
square feet
9000 Sqft
$2,385,000 - $2,913,000
Reference Base Price*
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

INVESTORS - 1335 Marston is a best in class multifamily asset recently built in the booming Brewerytown submarket of Philadelphia, Pennsylvania. Significant rental upside exists with rents about 10% below market. Boost the cap rate by three quarters of a percentage point simply by raising rents. This is a masterfully built 4 storey boutique brick building with wall to wall windows and ELEVATOR access servicing each floor from basement to roof. The building consists of 6 two bedroom apartments and 2 three bedroom apartments. The property was conceived as a condo building as is evidenced by the spatial quality of each apartment and the luxury finishes, fixtures and features throughout. Notice the high level of detail in construction quality; quartz waterfall counters, pendant lighting, matching stainless steel appliances, wide plank floors, curbless walk in showers + more. All units separately metered and outfitted with laundry closets. 4 units in the front and 4 in the back; 2 units per floor. Common roofdeck accessible by stair or elevator showcases sweeping city views of downtown Philly. Storage lockers in basement provide additional source of potential rental income (currently unrealized by ownership). 10 YEAR TAX ABATEMENT. Rent growth and appreciation forecast in immediate future. Developed by leading local real estate developer and built by leading city builder. Expertly managed and professionally maintained. The whole block is essentially under construction with new developments leasing and selling at a substantial pace. Inquire within for pro forma financials, floorplans, building stack + more.

The manager has listed the unit size as 9000 square feet.
Unit Size
9,000Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$294
Property Type
Multifamily
Property Taxes
$1,800
HOA Dues
-
Year Built
-

Price History

Date / Event Date Event Price
Mar 4, 2022 Sold $82,500
Sold
Aug 20, 2020 No longer available -
No longer available
May 29, 2020 Price Decreased $2,649,999
↓ $1 (0%)
Price Decreased
Apr 29, 2020 Listed $2,650,000
Listed

Property Highlights

Air Conditioning


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210907
09/07/2021
Studio
-
11571 ft²
$2,650,000
bedrooms
Studio
bathrooms
-
square feet
11571 ft²
-
-
-
Ryan McManus
Compass Pennsylvania, LLC
20200429
04/29/2020
Studio
-
9000 ft²
$2,650,000
bedrooms
Studio
bathrooms
-
square feet
9000 ft²
-
-
-
-
20191007
10/07/2019
Studio
-
-
$2,849,999
bedrooms
Studio
bathrooms
-
-
-
-
-
20190322 Unit 101
03/22/2019
101
2 Bed
2 Bath
1060 ft²
$339,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1060 ft²
-
-
-
-
20190322 Unit 401
03/22/2019
401
2 Bed
2 Bath
1077 ft²
$399,999
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1077 ft²
-
-
-
-
20190320
03/20/2019
Studio
-
8933 ft²
$2,950,000
bedrooms
Studio
bathrooms
-
square feet
8933 ft²
-
-
-
-

Building Info

1335 North Marston Street 1335 North Marston Street, Philadelphia, PA 19121
More about this Building
1335 North Marston Street
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About North Philadelphia


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