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Description

Introducing 1838 Huntingdon in Fishtown/Kensington, a 56 unit amenitized multifamily development property with full approvals and entitlements to build. With three (3) street frontages and corner lot coverage, this industrial-era parcel has been optimally designed by Coscia Moos, a renowned Philadelphia architecture and design firm, to conform to local zoning codes and maximize the livable square footage of the future 51,000 SF multifamily property with 52 apartments, 4 artisan studios, 7 parking spaces, elevator, private terraces, bike room, luxurious lobby, skyline roofdeck and more. Six (6) different unit types offer variety for the studio, 1bd and 2bd apartments with a bulk of the units having access to private outdoor space. Ownership has obtained full entitlements to build this luxury development, meaning the new owner has zero responsibility for filing permits and paperwork - just buy and build! The 10 year tax abatement will be secured, meaning this will be one of the last developments in The City of Philadelphia to carry a full 10 year abatement, as the program is being reduced at the start of 2022.Located one block from Septa's Market Frankford El train, this is a transit-oriented development in the Qualified Opportunity Zone, where future building residents can connect into Downtown Philly in under 20 minutes on the train, and property investors can defer or eliminate capital gains through their investment.Sites such as this rarely come to market and represent a generational real estate development opportunity for its future owner. Fishtown/Kensington is the fastest growing submarket in Philadelphia where billions of dollars are committed to capital projects and real estate development. The city's most notable restaurants and chefs are all here - a clear indication of a neighborhood's upward trajectory.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-20T09:55:23.137.
www.yourchestercountyhomesearch.com/homes/121179407
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1838-42 E Huntingdon Street PHILADELPHIA, PA 19125

  • Price: $3,950,000
  • Status: Active
  • Updated: 47 min ago
  • ID#: PAPH2025200
0
Beds
0
Baths
0
½ Baths
0.25
Acres
Neighborhood:
East Kensington
County:
Philadelphia
Area:
19125 (19125)
School District:
The School District Of Philadelphia
Property Description
Introducing 1838 Huntingdon in Fishtown/Kensington, a 56 unit amenitized multifamily development property with full approvals and entitlements to build. With three (3) street frontages and corner lot coverage, this industrial-era parcel has been optimally designed by Coscia Moos, a renowned Philadelphia architecture and design firm, to conform to local zoning codes and maximize the livable square footage of the future 51,000 SF multifamily property with 52 apartments, 4 artisan studios, 7 parking spaces, elevator, private terraces, bike room, luxurious lobby, skyline roofdeck and more. Six (6) different unit types offer variety for the studio, 1bd and 2bd apartments with a bulk of the units having access to private outdoor space. Ownership has obtained full entitlements to build this luxury development, meaning the new owner has zero responsibility for filing permits and paperwork - just buy and build! The 10 year tax abatement will be secured, meaning this will be one of the last developments in The City of Philadelphia to carry a full 10 year abatement, as the program is being reduced at the start of 2022.Located one block from Septa's Market Frankford El train, this is a transit-oriented development in the Qualified Opportunity Zone, where future building residents can connect into Downtown Philly in under 20 minutes on the train, and property investors can defer or eliminate capital gains through their investment.Sites such as this rarely come to market and represent a generational real estate development opportunity for its future owner. Fishtown/Kensington is the fastest growing submarket in Philadelphia where billions of dollars are committed to capital projects and real estate development. The city's most notable restaurants and chefs are all here - a clear indication of a neighborhood's upward trajectory.
Exterior Features

Garage YN No Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Property Features

Assessment Year 2021 Association YN No Central Air YN No Construction Completed YN No Current Use WarehouseVacant Municipality Philadelphia Navigable Water YN N Original MLSNumber 800993289428 Ownership Interest Fee Simple Possession Immediate Property Sub Type Land Sale Type Standard Sewer Public Sewer Tax Annual Amount 10214.00 Tax Assessment Amount 729700.00 Tax Lot 114 Vacation Rental YN No Water Source Public Zoning Irmx

Listing courtesy of Compass Pennsylvania, Llc.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-20T09:55:23.137.
 
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