
23
Map


1627 SPRUCE ST #1
About This Property
Listed By

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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
May 27, 2025 | Sold | ||
Sold | |||
Mar 30, 2025 | In contract | - | |
In contract | |||
Feb 20, 2025 | Listed by Compass RE | $499,999 | |
Listed by Compass RE | |||
![]() ![]() ![]() | |||
Charming Bi-Level Condo in Rittenhouse Square! Experience the
perfect blend of historic charm and modern convenience in this
fantastic first floor condo, a 2-bedroom, 2-bathroom bi-level condo
in the heart of Rittenhouse Square! Located on the iconic Spruce
Street, this spacious home boasts high ceilings, intricate details,
and abundant natural light throughout. Enjoy cozy nights by the
fireplace in the inviting living area, while the separate dining
room and well-equipped kitchen offer…
| |||
Aug 19, 2024 | Price Decreased |
$499,000
↓ $21K
(4%) | |
Price Decreased | |||
Aug 5, 2024 | Relisted | $519,999 | |
Relisted |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
11/30/-0001
|
2 Bed
|
2 Bath
|
1350 ft²
|
$499,999
2 Bed
2 Bath
1350 ft²
|
$437,500
-12.50%
05/27/2025
|
-
|
david m cohen
Compass RE
|
Building Info
- 1 Unit for Sale

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