Updated Efficiency Residential
For Sale
$159,000
1901 JOHN F KENNEDY BOULEVARD Unit 1512, Philadelphia, PA 19103
475-square-foot cooperative residence with an open kitchen, renovated bath, storage, and access to extensive building amenities.
Property Size475 SF
Price / SF$334.74
Days on Market71
Property Features for 1901 JOHN F KENNEDY BOULEVARD Unit 1512
General Information
Standard status
Active
Size
475 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x efficiency
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
24-hour security
doorman service
on-site management
maintenance
rooftop swimming pool
sun deck
fitness center
hospitality suites
community laundry facility
garage parking
storage locker
Building Details
Building Size
475 SF
Year Built
1968
Listing Agency:
KW Main Line - Narberth
Listed By:
Damon C. Michels · License #AB067731
(610) 731-9300
Source:
Patmckennarealtors
Added: Jun 30
Changed: Aug 31
Last Checked: Sep 7 at 8:33AM
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 KW Main Line - Narberth
Investment Insights
Based on property information with market context.
This 475-square-foot efficiency at Kennedy House features an open living arrangement enhanced by recessed lighting, crown molding, exposed brick, and an electric fireplace with a stone surround. The eat-in kitchen includes a breakfast bar, granite counters, stainless steel appliances, and ample cabinetry. A refreshed bathroom with a full bathtub, generous closet space, a storage locker, and newer windows complete the unit.
Building services include 24-hour security, doorman coverage, on-site management and maintenance, hospitality suites, a 30th-floor laundry facility, fitness center, rooftop pool and sun deck, and garage parking. The rooftop pool and sun deck are undergoing renovation. The cooperative fee includes electric, heat, air conditioning, water, basic cable, real estate taxes, and the building maintenance package.
The property is located at 1901 John F Kennedy Boulevard in Philadelphia, one block from Suburban Station and three blocks from 30th Street Station, with SEPTA access and Kennedy Market and Chima Brazilian Steakhouse in the building.
Building services include 24-hour security, doorman coverage, on-site management and maintenance, hospitality suites, a 30th-floor laundry facility, fitness center, rooftop pool and sun deck, and garage parking. The rooftop pool and sun deck are undergoing renovation. The cooperative fee includes electric, heat, air conditioning, water, basic cable, real estate taxes, and the building maintenance package.
The property is located at 1901 John F Kennedy Boulevard in Philadelphia, one block from Suburban Station and three blocks from 30th Street Station, with SEPTA access and Kennedy Market and Chima Brazilian Steakhouse in the building.
Key Highlights
- 475 sq. ft. efficiency with open‑concept living area
- Updated eat‑in kitchen with breakfast bar, granite counters, and stainless steel appliances
- 24‑hour security, doorman service, on‑site management, and maintenance
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,472
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$149,440
$149.4K
Cap Rate 7%
$106,743
$106.7K
Cap Rate 9%
$83,022
$83.0K
Market Conditions
NOI Build-Up for 475 SF
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.
Gross rent
$14.4K $30.36/SF
− Vacancy
−$836 −$1.76/SF
EGI
$13.6K $28.60/SF
− OpEx
−$6.1K −$12.87/SF
NOI
$7.5K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$149,440
Cap Rate 7%
$106,743
Cap Rate 9%
$83,022
Alternative Uses
Best Use
Apartment 5plus
$106.7K
$93.4K – $124.5K
NOI $7,472 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$115.8K
$101.3K – $135.1K
NOI $8,106 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
18,683
Businesses Nearby
Explore this area
Business Placement
Demographics for 19103, PA
28,717
Population
20,064
Households
1.4
Avg Household Size
36
Median Age
81%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
47,862
Density / Sq Mi
$97,940
Median Household Income
$76,680
Median Earnings
$1,955
Median Rent
$551,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - 475-square-foot cooperative residence with an open kitchen, renovated bath, storage, and access to extensive building amenities.
Where is this residential income property located?
The property is located at 1901 JOHN F KENNEDY BOULEVARD Unit 1512 Philadelphia, PA.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: 475 sq. ft. efficiency with open‑concept living area; Updated eat‑in kitchen with breakfast bar, granite counters, and stainless steel appliances; 24‑hour security, doorman service, on‑site management, and maintenance
