1425 Frankford Avenue - Fishtown

3 Apartments & 1,500 SF Commercial Space

Overview

Summary

  • Offering Price $1,425,000
  • Apartment Units 3
  • Pro Forma CAP Rate 6.3%
  • Commercial Units 1
  • Building Size 4,000 SF
  • Price per Unit $356,250

The Property comprises 3 newly constructed apartment units and one commercial space in the Fishtown neighborhood of Philadelphia.1425 Frankford Avenue sits in a prime location, consisting of (3) one-bedroom apartment units boasting high-end finishes including stainless steel appliances, stone countertops, LVT flooring, subway tile backsplashes, and sleek white shaker style cabinetry. Further, these luxury units feature Central HVAC, in-unit washer/dryer, and oversized windows. 

Banh Mi Spot, a popular Vietnamese restaurant, occupies the commercial space. With a roll-up front window, the restaurant feels like an open-air eatery in the warmer months, inviting customers walking on the street to enjoy a diverse taste of Southeast Asia.

The property's residents live in the middle of it all on Frankford Avenue, a thriving retail corridor in the heart of Fishtown. The Property is a short walk to award-winning restaurants and cafes such as WM Mulherin’s Sons, LMNO, Suraya, Kalaya, La Colombe, and Pizzeria Beddia.

The Property is transit-oriented, located minutes from major thoroughfares including I-76,  I-676, and I-95 providing unparalleled access to the Philadelphia MSA. Furthermore, a SEPTA train station at Girard Avenue and Front Street is a short walk, carrying commuters into Center City and the Philadelphia Suburbs via the Market Frankford Train Line.

Residents at 1425 Frankford Avenue enjoy all that Fishtown has to offer without compromising comfort, quality finishes, or access to the rest of the Philadelphia MSA.


Key Facts

Boutique Luxury Apartment Living: High-End Finishes at an Affordable Price Point

In the Middle of it All: Prime Location in the Heart of Fishtown

New Construction Property: Little to No Deferred Maintenance, Turnkey Operation
Abundant Neighborhood Amenities: Bars, Cafes, Boutique Shops, Galleries, Award-Wining Restaurants, and Nightlife within Steps from the Front Door

Access to Public Transportation: Short Walk to the Girard Avenue Train Station and Numerous Bus Routes

Team

Ken Wellar

Ken Wellar

Founding Partner
GREA
215-454-2879
610-745-4800
Alan Krawitz

Alan Krawitz

Associate Director
GREA
267-323-4083
610-420-4559
Corey Lonberger

Corey Lonberger

Founding Partner
GREA
215-454-2878
267-760-3726
Douglas Emrich

Douglas Emrich

Associate Director
GREA
215-454-2889
610-733-8482

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