1016 Cottman Avenue Philadelphia, PA 19111
Commercial and residential building with high traffic and income potential.
Property Features for 1016 Cottman Avenue
General Information
- Standard status
- Active
- Size
- 8,542 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1950
Listing office Home Max Realty (215) 820-1621
Listing date Feb 18, 2022
Source Compass
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Investment Insights
Based on property information with market context.
Key Highlights
- High income‑producing investment property with $114,300 annual rental income and a cap rate of 6% or higher.
- Fully leased with long‑term tenants, ensuring steady income stream.
- Prime location on the main street with high traffic volume, close to a major intersection (Cottman & Oxford) and key landmarks (School, Asian Museum).
Local Financial Insights For Mixed Use
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 | $205.0k | $24.00 |
| − Vacancy | −$20.5k | −$2.40 |
| EGI | $184.5k | $21.60 |
| − OpEx | −$69.2k | −$8.10 |
| NOI | $115.3k | $13.50 |
