High-Rise Residential Income
For Sale
$330,000
1901 JOHN F KENNEDY BOULEVARD #2801, Philadelphia, PA 19103
One-bedroom co-op residence with expansive views, extensive storage, and full-service building amenities.
Property Size897 SF
Price / SF$367.89
Days on Market170
Property Features for 1901 JOHN F KENNEDY BOULEVARD #2801
General Information
Standard status
Active
Size
897 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
concierge service
round-the-clock security
rooftop pool
community room
bike room
laundry facilities
library
fitness center
onsite garage parking
dedicated onsite management
free storage bin
hospitality suites
in-unit washer/dryer
Wall Unit
Building Details
Year Built
1968
Listing Agency:
KW Empower
Listed By:
Barbara Sontag-Feldman · License #RSR002442
(917) 562-4147
Source:
Kw
Added: Mar 30
Changed: Sep 14
Last Checked: Sep 14 at 1:08PM
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 Empower
Investment Insights
Based on property information with market context.
This 28th-floor co-op residence at 1901 John F Kennedy Boulevard offers 897 square feet with one bedroom and one bath. The north-facing layout includes an open living and dining area, wall unit, in-unit washer and dryer, six closets, and a walk-in closet. Built in 1968, the home is offered as-is and overlooks Logan Square.
The Kennedy House provides concierge service, 24-hour security, a rooftop pool, fitness center, library, community room, bike room, onsite management, garage parking, and a storage bin on the 30th floor. Dining options are located within the building, including Kennedy Food Garden and na Brasa Brazilian Steak House. Suburban and Amtrak 30th Street Stations are nearby, while bus routes 17, 33, and 32 stop at 19th and JFK Boulevard.
Co-op Board approval is required, with stated minimum financial qualifications including a credit score of 700. Subletting is not permitted, and the building allows up to 2 cats and/or birds per residence.
The Kennedy House provides concierge service, 24-hour security, a rooftop pool, fitness center, library, community room, bike room, onsite management, garage parking, and a storage bin on the 30th floor. Dining options are located within the building, including Kennedy Food Garden and na Brasa Brazilian Steak House. Suburban and Amtrak 30th Street Stations are nearby, while bus routes 17, 33, and 32 stop at 19th and JFK Boulevard.
Co-op Board approval is required, with stated minimum financial qualifications including a credit score of 700. Subletting is not permitted, and the building allows up to 2 cats and/or birds per residence.
Key Highlights
- 897 square feet on the 28th floor with north‑facing views of Logan Square
- One‑bedroom, one‑bath co‑op residence with six closets and a walk‑in closet
- In‑unit washer and dryer plus open living and dining layout
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
$14,109
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
4.28%
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%
$282,180
$282.2K
Cap Rate 7%
$201,557
$201.6K
Cap Rate 9%
$156,767
$156.8K
Market Conditions
NOI Build-Up for 897 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
$27.2K $30.36/SF
− Vacancy
−$1.6K −$1.76/SF
EGI
$25.7K $28.60/SF
− OpEx
−$11.5K −$12.87/SF
NOI
$14.1K $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%
$282,180
Cap Rate 7%
$201,557
Cap Rate 9%
$156,767
Alternative Uses
Best Use
Apartment 5plus
$201.6K
$176.4K – $235.2K
NOI $14,109 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$218.7K
$191.3K – $255.1K
NOI $15,307 @ 7.0% cap · market cap 4.64%
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 - One-bedroom co-op residence with expansive views, extensive storage, and full-service building amenities.
Where is this residential income property located?
The property is located at 1901 JOHN F KENNEDY BOULEVARD #2801 Philadelphia, PA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 897 square feet on the 28th floor with north‑facing views of Logan Square; One‑bedroom, one‑bath co‑op residence with six closets and a walk‑in closet; In‑unit washer and dryer plus open living and dining layout
