1352 N 27TH ST

EXECUTIVE SUMMARY

INTRODUCING, 1352 N 27TH ST, PHILADELPHIA, PA 19121, PRESENTED EXCLUSIVELY ON BEHALF OF OWNERSHIP BY MATTHEWS REAL ESTATE INVESTMENT SERVICES™.

1352 27th ST is a prominent new development – a 100% leased turnkey multifamily asset. Ideally located on the corner of 27th and Master Streets in blossoming Brewerytown, this 6.23% CAP asset benefits from a park-like settling, directly overlooking Athletic Sq Park, a top attraction in the neighborhood. The building is performing at the highest level in the submarket in terms of rental rates as a newly constructed asset with taxes abated through 2029. A rare find in the current market environment, 1352 27th is offered below replacement costs — the combined value of construction costs and land acquisition costs — as a turnkey, cash-flowing best-inclass boutique building.