New 30-Unit Apartment
2821 W Sedgley Ave Philadelphia, PA 19121
2821 W Sedgley Ave, Philadelphia, PA, 19121
$12,500,000
Pending
For Sale
$12,500,000
Pending
Brand-new multifamily building offering 30 residential units and a rooftop deck for residents.
Property Size33,332 SF
Days on Market436
Property Features for 2821 W Sedgley Ave
General Information
- Standard status
- Pending
- Size
- 33,332 SF
Listing agency
United Real Estate
(215) 880-2225
Listed by
Leighanne Tancredi · License #RS328923
(215) 880-2225
Source
Exprealty
Added: May 14, 2025 Updated: Jul 21 at 3:55AM Checked: Jul 22 at 8:26AM
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 United Real Estate
Investment Insights
Based on property information with market context.
This brand-new multifamily apartment building offers 30 residential units within a modern, contemporary design. The property includes on-site amenities such as bicycle storage, a secure mail and package room, controlled entrances, a club lounge common area, and a study lounge/co-working space. Residents also have access to a rooftop deck, and the building provides additional on-site storage for convenience.
Situated in Philadelphia’s Brewerytown neighborhood, the location is described as being within one mile of the Philadelphia Museum of Art, Temple University, Eastern State Penitentiary, the Schuylkill River Trail, and Fairmount Park. The property also notes convenient access to Center City and surrounding areas via Ridge Avenue, Girard Avenue, I-76, I-676, and Route-1, along with nearby cafes, restaurants, parks, and public transportation.
Each unit is described as featuring contemporary finishes, open floor plans, and oversized windows designed to bring in natural light, with select units offering sweeping skyline views.
Situated in Philadelphia’s Brewerytown neighborhood, the location is described as being within one mile of the Philadelphia Museum of Art, Temple University, Eastern State Penitentiary, the Schuylkill River Trail, and Fairmount Park. The property also notes convenient access to Center City and surrounding areas via Ridge Avenue, Girard Avenue, I-76, I-676, and Route-1, along with nearby cafes, restaurants, parks, and public transportation.
Each unit is described as featuring contemporary finishes, open floor plans, and oversized windows designed to bring in natural light, with select units offering sweeping skyline views.
Key Highlights
- Brand‑new 30‑unit apartment building in Philadelphia’s Brewerytown neighborhood
- 33,332‑square‑foot multifamily building with modern design and contemporary unit finishes
- Rooftop deck for residents with rooftop/common outdoor space
Local 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 | $1.01M | $30.36 |
| − Vacancy | −$58.7k | −$1.76 |
| EGI | $953.3k | $28.60 |
| − OpEx | −$429.0k | −$12.87 |
| NOI | $524.3k | $15.73 |
33,332 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$7.49M
$6.55M – $8.74M
NOI $524,296 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$8.13M
$7.11M – $9.48M
NOI $568,807 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Brand-new multifamily building offering 30 residential units and a rooftop deck for residents.
Where is this apartment building located?
The property is located at 2821 W Sedgley Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: Brand‑new 30‑unit apartment building in Philadelphia’s Brewerytown neighborhood; 33,332‑square‑foot multifamily building with modern design and contemporary unit finishes; Rooftop deck for residents with rooftop/common outdoor space
