New Construction – E Girard Avenue
629 E. Girard Avenue Philadelphia, PA 19125
- Price$ 3,750,000
- Property TypeMixed Use
- Number of Units9
- Lot Size0.11 acres
- Price/Unit$ 416,667
- Year Built2016
- Fishtown: Philadelphia’s Most Desirable and Exciting Neighborhood
- Luxury Apartments: High-Quality, Premium Finishes, Elevator and Roof Decks (4 Units)
Excellent Unit Mix: 50% One-Bedroom Units and 50% Two- and Three-Bedroom Units
- High-Visibility Location: Corner Building Along Girard Avenue
- Street-Level Retail: 2,850 RSF Ground-Floor Unit (plus 900± SF Outdoor Space)
- Real Estate Tax Abatement: 10-Year Real Estate Tax Abatement
On behalf of ownership, Rittenhouse Realty Advisors extends to qualified investors the opportunity to acquire the fee simple interest in 629 E. Girard Avenue, an eight-unit, newly-constructed, luxury apartment building with 2,850 square foot ground floor retail located along Girard Avenue in the Fishtown section of Philadelphia. Fishtown, known as the “Brooklyn of Philadelphia”, is the most vibrant and trendy area of the city.
629 East Girard is a three-story building with an elevator and sprinkler system that was recently constructed. This new, luxury apartment community has an excellent unit mix with (4) one-bedroom units and (4) two-bedroom/two-bath units. Fifty percent of the units contain roof decks with fabulous views of the Philadelphia skyline and the Delaware River. Every unit contains high ceilings, high-end kitchens with stone countertops and a microwave, stainless steel appliances, modern baths, a washer/dryer, and ample closet space. Tenants pay electric, hot and cold water (sub-metered). The complex offers a secure entrance with video security, LED lighting, a courtyard and an elevator.
The apartments are 100% leased along with the 2,850 square foot ground-floor commercial (plus 900± square foot outdoor space). Average in-place rents are approximately $1,800, and the retail spaced is leased at $30 per square foot to a day care facility that is opening shortly. Fishtown has outstanding average occupancy of 98% to 100%. Nearly every block of the neighborhood is filled with new construction townhomes and condominiums. Fishtown is by far the hottest and most exciting residential market in the City of Philadelphia.
The Fishtown area has grown from a blue-collar neighborhood to the hipster hub of Philadelphia. As VisitPhilly explains, “Fishtown has emerged as Philly’s truest harbor of artistic, culinary and musical action.” 629 East Girard has easy access to everything the burgeoning Girard Avenue corridor has to offer. It is within easy walking distance to a state-of-the-art gym, two subway station stops, Palmer Park, and The Fillmore entertainment complex. Vogue Magazine recently published an article entitled “The Best Places to Eat and Drink in Philadelphia Are All in This One Neighborhood” praising Fishtown’s resurgence as the city’s hottest culinary neighborhood.
Residents of 629 East Girard enjoy unparalleled access to the best of Philadelphia’s nightlife including Frankford Hall, Fette Sau, LaColombe’s flagship location, Johnny Brenda’s, and The Garage. The award-winning Wm. Mulherin’s Sons (named a top 50 restaurant in the US by Bon Appétit) and Pizzeria Beddia (named the best pizza in the US by Bon Appétit) are just blocks from 629 East Girard.
629 East Girard presents an extremely rare opportunity to purchase a newly-constructed, highly visible, mixed-use building in the extremely desirable neighborhood of Fishtown.
Tel: (215) 454-2852 EXT 1001
Cell: (267) 760-3726
License: PA RS279134 / DE RS0016407
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