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Map
$3,629,801*
●
Multifamily -
Off Market
1335 N MARSTON STREET
PHILADELPHIA, PA 19121
Studio
0 Bath
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.
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
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
09/07/2021
|
|
Studio
|
-
|
11571 ft²
|
$2,650,000
Studio
-
11571 ft²
|
-
-
|
-
|
Ryan McManus
Compass Pennsylvania, LLC
|
04/29/2020
|
|
Studio
|
-
|
9000 ft²
|
$2,650,000
Studio
-
9000 ft²
|
-
-
|
-
|
-
|
10/07/2019
|
|
Studio
|
-
|
-
|
$2,849,999
Studio
-
|
-
-
|
-
|
-
|
03/22/2019
|
2 Bed
|
2 Bath
|
1060 ft²
|
$339,000
2 Bed
2 Bath
1060 ft²
|
-
-
|
-
|
-
|
|
03/22/2019
|
2 Bed
|
2 Bath
|
1077 ft²
|
$399,999
2 Bed
2 Bath
1077 ft²
|
-
-
|
-
|
-
|
|
03/20/2019
|
|
Studio
|
-
|
8933 ft²
|
$2,950,000
Studio
-
8933 ft²
|
-
-
|
-
|
-
|
Building Info
1335 North Marston Street
1335 North Marston Street, Philadelphia, PA 19121