96-Unit Condominium
For Sale
$387,000
16221 RIVER VIEW DRIVE, Bristol, PA 19007
New construction pairs two-bedroom layouts with elevator access and reserved parking.
Property Size1,165 SF
Price / SF$332.19
Days on Market951
Property Features for 16221 RIVER VIEW DRIVE
General Information
Standard status
Active
Size
1,165 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
96 x 2BR/2BA
Multifamily Units
96
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$6,500
Amenities
covered parking
trail
Building Details
Building Size
1,165 SF
Year Built
2024
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Ralph DiGuiseppe, III · License #AB066398
(267) 767-3663
Source:
Desantis-realestate
Added: Mar 23, 2024
Changed: Oct 27
Last Checked: Oct 27 at 3:44AM
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 Long & Foster Real Estate, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2024 condominium development in Bristol Borough contains 96 residences. Each home has two bedrooms, two full bathrooms, and an open layout connecting the living, dining, and kitchen areas. Kitchens include granite countertops and stainless-steel appliances. Residences also feature energy-efficient HVAC, LED recessed lighting, and elevator access to every level. One reserved parking space is provided per unit, with covered parking beneath each building and additional parking elsewhere in the community and an adjacent lot.
The community sits along the Delaware River and a 4.5-mile trail. I-95, the PA/NJ Turnpike, SEPTA, and NJ Rail Lines are described as minutes away.
The community sits along the Delaware River and a 4.5-mile trail. I-95, the PA/NJ Turnpike, SEPTA, and NJ Rail Lines are described as minutes away.
Key Highlights
- 96 condominium residences completed in 2024
- Two bedrooms and two full bathrooms per residence
- Open living, dining, and kitchen layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,424
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,480
$288.5K
Cap Rate 7%
$206,057
$206.1K
Cap Rate 9%
$160,267
$160.3K
Market Conditions
NOI Build-Up for 1,165 SF
Gross rent
$27.1K $23.28/SF
− Vacancy
−$895 −$0.77/SF
EGI
$26.2K $22.51/SF
− OpEx
−$11.8K −$10.13/SF
NOI
$14.4K $12.38/SF
Area
Bucks County, PA
Vacancy
3.30%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,480
Cap Rate 7%
$206,057
Cap Rate 9%
$160,267
Alternative Uses
Best Use
Apartment 5plus
$206.1K
$180.3K – $240.4K
NOI $14,424 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$353.2K
$309.1K – $412.1K
NOI $24,725 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
96
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
Explore this area
Business Placement
Demographics for 19007, PA
21,849
Population
9,675
Households
2.3
Avg Household Size
40
Median Age
24%
College-Educated
89%
High-School Grad
7.5 sq mi
ZIP Area
2,913
Density / Sq Mi
$66,811
Median Household Income
$43,642
Median Earnings
$1,029
Median Rent
$264,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - New construction pairs two-bedroom layouts with elevator access and reserved parking.
Where is this residential income property located?
The property is located at 16221 RIVER VIEW DRIVE Bristol, PA.
What is the asking price?
The asking price for this property is $387,000.
What are key features of this property?
This property features: 96 condominium residences completed in 2024; Two bedrooms and two full bathrooms per residence; Open living, dining, and kitchen layout
