1257-71 N Newkirk Street Multi-Family FOR SALE


Philadelphia, PA - Brewerytown
$3,350,000 USD
267-515-7024
, Philadelphia, PA for Sale
$3,350,000 USD
Multi-Family - FOR SALE
1/4
null | 6.66% Cap Rate

1257-71 N Newkirk Street
Philadelphia, PA
Brewerytown


HIGHLIGHTS

  • 100% Occupied
  • Steady Cash Flow

OVERVIEW

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.

ASK ABOUT THIS PROPERTY

Gennadiy KapkanovColdwell Banker Commercial || RothbergDubrowMore Info
267-515-7024

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Gennadiy KapkanovColdwell Banker Commercial || RothbergDubrowMore Info
267-515-7024

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.