1421 Hamilton St, Allentown, PA
Office building with redevelopment potential, updated utilities, and parking.
- Added:
- May 29, 2025
- Days on Market:
- 379
- Last Refresh:
- May 19 at 8:38 pm
Property Features for 1421 Hamilton St
General Information
- Standard status
- Active
- Size
- 7,358 SF
- Lot size
- 0.36 Acres
- Property subtype
- OFFICE
Listing agent Cindy McDonnell Feinberg License #RS370904
Listing office Feinberg Real Estate Advisors, LLC (610) 709-6233
Listing date May 29, 2025
Source Moodyscre
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 Feinberg Real Estate Advisors, LLC
HighLights
- New roof installed and is under warranty
- Fully remediated with updated plumbing and utilities
- 20 parking spots
- Potential for residential use
- Architectural plans for an office redevelopment
- New boiler installed in 2016
Overview
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 | $57.4k | $7.80 |
| − Vacancy | −$4.1k | −$0.56 |
| EGI | $53.3k | $7.24 |
| − OpEx | −$13.3k | −$1.81 |
| NOI | $39.9k | $5.43 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Allentown
- County
- Lehigh
- State
- Pennsylvania
- Longitude
- -75.487
- Latitude
- 40.5985
