For-Sale Multifamily Apartment
1261 N Newkirk Street D Philadelphia, PA 19121
For Sale
$3,650,000
For-sale multifamily apartment building located at 1261 N Newkirk Street D in Philadelphia, Pennsylvania.
Property Size20,513 SF
Price / SF$177.94
Days on Market9
Property Features for 1261 N Newkirk Street D
General Information
- Standard status
- Active
- Size
- 20,513 SF
Building Details
- Year Built
- 2017
Listing Agency:
Coldwell Banker Commercial
(856) 889-6796
Listed By:
Jonathan D. Dubrow
Source:
Kandorre
Added: Jul 16
Changed: Jul 21
Last Checked: Jul 23 at 5:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial
Investment Insights
Based on property information with market context.
This for-sale multifamily apartment building is presented as a residential income property under the “Apartment buildings / Multifamily properties” categories. The listing is associated with a specific unit address, 1261 N Newkirk Street D, Philadelphia, PA 19121, and reflects a property size of 20,513.
The offering is marketed as real estate in Philadelphia, Pennsylvania. No additional building improvements, unit mix details, amenities, or financing structure are provided in the information available here.
The offering is marketed as real estate in Philadelphia, Pennsylvania. No additional building improvements, unit mix details, amenities, or financing structure are provided in the information available here.
Key Highlights
- Multifamily apartment building for sale at 1261 N Newkirk Street D, Philadelphia, PA
- Year built: 2017
Financial Insights For Apartment 5plus
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 | $622.8k | $30.36 |
| − Vacancy | −$36.1k | −$1.76 |
| EGI | $586.7k | $28.60 |
| − OpEx | −$264.0k | −$12.87 |
| NOI | $322.7k | $15.73 |
20,513 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.61M
$4.03M – $5.38M
NOI $322,660 @ 7.0% cap · market cap 8.84%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$5.00M
$4.38M – $5.83M
NOI $350,052 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - For-sale multifamily apartment building located at 1261 N Newkirk Street D in Philadelphia, Pennsylvania.
Where is this apartment building located?
The property is located at 1261 N Newkirk Street D Philadelphia, PA.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: Multifamily apartment building for sale at 1261 N Newkirk Street D, Philadelphia, PA; Year built: 2017
