215 CHURCH Street Philadelphia, PA 19106
Commercial Sale - PHILADELPHIA, PA
Property Features for 215 CHURCH Street
General Information
- Property type
- Other
- Property subtype
- Office
- Standard status
- Active
- Size
- 6,520 SF
Taxes and HOA fees
- Tax Annual Amount
- 18532
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1850
- Number of units
- 2
- Building materials
- Masonry, Brick, Stucco, Stone
Listing agent Nadia T Bilynsky License #RS311101 (215) 413-4900
Listing office Mallin Panchelli Nadel Realty Inc 1601 Walnut Street unit: 900, Philadelphia, PA (215) 413-4900
Listing date Mar 25, 2026
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Investment Insights
Based on property information with market context.
The 4th floor is a fully renovated one-bedroom, one-bath apartment. The property is offered for sale as an Old City address and includes both income-producing residential space and dedicated office space under one roof.
For owner-occupants or business users, the building offers on-site office space that can support a single tenant operation or multiple office configurations, alongside the added option of incorporating the residential unit into your overall use. Investors may also consider the combination of office-level flexibility with a renovated apartment in the same building.
Key Highlights
- Mixed‑use building in the heart of Old City.
- 6,520 +/- SF over 4 floors plus a usable lower level.
- The fourth floor is a fully renovated 1 bedroom/1 bath apartment.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $143.2k | $21.96 |
| − Vacancy | −$28.8k | −$4.41 |
| EGI | $114.4k | $17.55 |
| − OpEx | −$28.6k | −$4.39 |
| NOI | $85.8k | $13.16 |
