1257-71 N. Newkirk Street is a fully leased, 14-unit multifamily portfolio located in Philadelphia’s Brewerytown neighborhood. Offered at a 6.65% in-place cap rate based on lease-supported income, the property features contractual 5% renewal rent escalations and demonstrated rental growth through recent leasing activity.
All three buildings benefit from tax abatements through 2028-2029, helping reduce operating expenses, while the recent-vintage construction may provide cost segregation and 100% bonus depreciation opportunities for qualified investors (consult your tax advisor). Positioned just minutes from Center City, the portfolio offers stabilized income, contractual rent growth, and tax-efficient ownership.