Philadelphia, PA
Property Type: Mixed-UseSize: 71 Apartments + 2 Commercial
Price: See Broker for Details
CAP: See Broker for Details
Highlights:
- Corner 2nd - Located at 1222 North 2nd Street in Philadelphia
- Transit-Oriented Location on the Border of Northern Liberties & Fishtown - One of the Most Sought-After Rental Markets in Philadelphia
- Brand New Construction Luxury Mixed-Use Community Featuring 71 Apartments & 2 Commercial Spaces
- 71 Apartments Boast High-End Finishes, Floor-to-Ceiling Windows, Large Balconies with City Views & Concrete Construction
- Comprehensive Amenity Package Includes Private Fitness Center, Game Room, Movie Theatre, Work Space & 20 Covered Parking Spaces
- Full 10-Year Tax Abatement
- Rare Opportunity to Own a Highly-Walkable, Transit-Oriented Asset in One of the Best Rental Submarkets in Philadelphia
- Full 10-Year Tax Abatement
- Property is in final stages of construction with a temporary Certificate of Occupancy. Full CO expected within the next 30 days. Currently, there are 14 signed residential leases with more pending.
Description:
Marcus & Millichap is pleased to present for sale Corner 2nd - A luxury mixed-use community featuring 71 apartments and 2 commercial spaces, located on the border of Northern Liberties and Fishtown - One of the most sought-after and attractive rental markets in Philadelphia. This area has exhibited some of the fastest rates of rent growth in the Philadelphia MSA. Known for its numerous boutique shops, fine dining, and trendy bars and hot spots, Northern Liberties/Fishtown has become a destination for a diverse pool of people, including young professionals, families, recent college graduates and generations of Philadelphians.
Corner 2nd features 71 modern and luxurious residential units. Offering tenants studio, one-and two-bedroom floorplans, the units boast high-end finishes, including gourmet kitchens, stainless steel appliances, 11-foot floor-to-ceiling windows, and large balconies with city views.
The residents of Corner 2nd have access to a number of top-of-the-line amenities, including a private fitness center, game room, movie theatre, work space and 20 covered parking spaces.
The Property’s outstanding location enables excellent connectivity to surrounding submarkets and job centers. With easy access to I-95 and all of the major highways, Corner 2nd is ideal for renters looking for a luxury experience with the convenience of urban living. Girard Station is just one block away.
The Property will benefit from the full 10-year tax abatement. Philadelphia’s tax abatement is available in the City for newly developed properties. The abatement exempts from taxation the assessment assigned to new improvements throughout the 10-year period, while the land remains fully taxable.
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