1600 Chestnut | 106 S 16th St
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1600 Chestnut 106 S 16th St Immeuble residentiel 56 lots 21 632 500 € (386 295 €/Lot) Taux de capitalisation 5,90 % Philadelphia, PA 19102
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Trophy Quality Property: Mid-Rise Asset in an Irreplaceable Location
- Turnkey Asset: Institutional Quality In-Place Management; Turnkey Operation
- Award-Winning Neighborhood Amenities: Walk to James Beard Award-Winning Restaurants, Coffee Shops, and Luxury Shopping
- Boutique Luxury Apartment Living: High-End Finishes at a Substantial Discount to Class A High-Rises
- Affluent Center City Location: In the Middle of It All in Philadelphia
- Immediate Access to Public Transportation: Short Walk to Suburban Station, Regional Rail, and the Broad Street Subway
RÉSUMÉ ANALYTIQUE
The Property is comprised of 53 luxury apartment units and 5,328 square feet of fully leased premium retail space in Center City Philadelphia. 1600 Chestnut represents one of the most prestigious corners in Philadelphia, situated directly west of Broad Street with immediate access to public transportation. Furthermore, Class A rents in this area represent the top of the market, pushing $5/SF across multiple assets.
The Property is comprised of studio and one-bedroom apartments boasting high-end finishes including stainless steel appliances, stone countertops, wood flooring, vaulted ceilings, and abundant natural light. These luxury units feature Central HVAC and impressive city views.
The Asset offers new ownership the opportunity to increase rents by 11% through natural turnover, while staying well below the surrounding Class A product. If a more robust renovation plan were to be executed, rent premiums of $300+ could be achieved while still sitting comfortably below the top of the competitive set.
The retail tenants at 1600 Chestnut are some of the best fast-casual F&B tenants in the market. Wonder, Spread Bagelry, and Insomnia Cookies all have a long track record of success and multiple locations. These businesses are well-positioned given the quality of this corner (20,000± daily pedestrian count), proximity to office workers, and the density of the surrounding Center City neighborhoods.
The Property is located minutes from major thoroughfares such as I-76, I-676, and I-95, providing unparalleled access to the Philadelphia MSA. A major train station at 17th and JFK Boulevard is a short walk away, carrying commuters throughout Philadelphia and into the Philadelphia Suburbs via the SEPTA Regional Rail. Current and future tenants are a short walk from both the CBD Class A office buildings and Rittenhouse Square Park, an iconic green space that defines Center City living.
*Price per Unit of $290,698 based on 86 Total Units [53 Apartment Units + Commercial Space (Equivalent to 33 Units)]
The Property is comprised of studio and one-bedroom apartments boasting high-end finishes including stainless steel appliances, stone countertops, wood flooring, vaulted ceilings, and abundant natural light. These luxury units feature Central HVAC and impressive city views.
The Asset offers new ownership the opportunity to increase rents by 11% through natural turnover, while staying well below the surrounding Class A product. If a more robust renovation plan were to be executed, rent premiums of $300+ could be achieved while still sitting comfortably below the top of the competitive set.
The retail tenants at 1600 Chestnut are some of the best fast-casual F&B tenants in the market. Wonder, Spread Bagelry, and Insomnia Cookies all have a long track record of success and multiple locations. These businesses are well-positioned given the quality of this corner (20,000± daily pedestrian count), proximity to office workers, and the density of the surrounding Center City neighborhoods.
The Property is located minutes from major thoroughfares such as I-76, I-676, and I-95, providing unparalleled access to the Philadelphia MSA. A major train station at 17th and JFK Boulevard is a short walk away, carrying commuters throughout Philadelphia and into the Philadelphia Suburbs via the SEPTA Regional Rail. Current and future tenants are a short walk from both the CBD Class A office buildings and Rittenhouse Square Park, an iconic green space that defines Center City living.
*Price per Unit of $290,698 based on 86 Total Units [53 Apartment Units + Commercial Space (Equivalent to 33 Units)]
INFORMATIONS SUR L’IMMEUBLE
| Prix | 21 632 500 € | Style d’appartement | De hauteur moyenne |
| Prix par lot | 386 295 € | Classe d’immeuble | C |
| Type de vente | Investissement | Surface du lot | 0,06 ha |
| Taux de capitalisation | 5,90 % | Surface de l’immeuble | 3 476 m² |
| Nb de lots | 56 | Occupation moyenne | 100% |
| Type de bien | Immeuble residentiel | Nb d’étages | 6 |
| Sous-type de bien | Appartement | Année de construction/rénovation | 1925/2012 |
| Zonage | CMX-5 | ||
| Prix | 21 632 500 € |
| Prix par lot | 386 295 € |
| Type de vente | Investissement |
| Taux de capitalisation | 5,90 % |
| Nb de lots | 56 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De hauteur moyenne |
| Classe d’immeuble | C |
| Surface du lot | 0,06 ha |
| Surface de l’immeuble | 3 476 m² |
| Occupation moyenne | 100% |
| Nb d’étages | 6 |
| Année de construction/rénovation | 1925/2012 |
| Zonage | CMX-5 |
CARACTÉRISTIQUES
CARACTÉRISTIQUES DU LOT
- Climatisation
- Plans de travail en granit
- Planchers en bois
- Électroménager en acier inoxydable
- Wi-Fi
- Accessible aux fauteuils roulants (chambres)
CARACTÉRISTIQUES DU SITE
- Centre de fitness
- Property Manager sur place
- Lounge
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Walk Score®
Idéal pour les promeneurs (100)
Transit Score®
Un paradis pour l’usager (100)
Bike Score®
Très praticable en vélo (84)
TAXES FONCIÈRES
| Numéro de parcelle | 881031011 | Évaluation des aménagements | 9 836 865 € |
| Évaluation du terrain | 1 735 917 € | Évaluation totale | 11 572 782 € |
TAXES FONCIÈRES
Numéro de parcelle
881031011
Évaluation du terrain
1 735 917 €
Évaluation des aménagements
9 836 865 €
Évaluation totale
11 572 782 €
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VIDÉOS
VISITE 3D
PHOTOS
STREET VIEW
RUE
CARTE
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1600 Chestnut | 106 S 16th St
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