96-Unit Residential
4200 Ludlow St Philadelphia, PA 19104
4200 Ludlow St, Philadelphia, PA, 19104
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For Sale
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Five-story residential complex with 96 units, built in 2018.
Property Size111,000 SF
Price / SF$263.06
Days on Market129
Property Features for 4200 Ludlow St
General Information
- Standard status
- Active
- Size
- 111,000 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2018
Listing Agency
GREA
Listed by
Ken Wellar · License #PA 10401252368
Source
Crexi
Added: Mar 12 Checked: Jul 17 at 2:01 pm
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 GREA
Investment Insights
Based on property information with market context.
This five-story residential complex, constructed in 2018, features 96 units and 211 beds. Positioned on a prominent corner at 42nd & Ludlow Streets, the property includes a Luxor Package System, electric car charging, and an on-site gym. It offers a "Smart Apartment" experience with Nest Bluetooth thermostats and high-end architectural finishes. The transition of its 4x4 townhomes to "deluxe" status is scheduled for August 2026 as part of the renovation plan. The property size is 111000 square feet.
Key Highlights
- Flagship property with 96 units and 211 beds, driving NOI growth.
- Prime location on a prominent corner at 42nd & Ludlow Streets.
- Built in 2018, offering modern construction and amenities.
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 | $3.37M | $30.36 |
| − Vacancy | −$195.5k | −$1.76 |
| EGI | $3.17M | $28.60 |
| − OpEx | −$1.43M | −$12.87 |
| NOI | $1.75M | $15.73 |
111,000 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$24.94M
$21.82M – $29.10M
NOI $1,745,976 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$27.06M
$23.68M – $31.57M
NOI $1,894,203 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
University Realty
Apartment Building
PB auto Center
Auto Parts Store
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Five-story residential complex with 96 units, built in 2018.
Where is this apartment building located?
The property is located at 4200 Ludlow St Philadelphia, PA.
What is the asking price?
The asking price for this property is $29,200,000.
What are key features of this property?
This property features: Flagship property with 96 units and 211 beds, driving NOI growth.; Prime location on a prominent corner at 42nd & Ludlow Streets.; Built in 2018, offering modern construction and amenities.
