Two-Bedroom Condominium with City
New
For Sale
$670,000
50 S 16TH STREET Unit 4303, Philadelphia, PA 19102
A renovated kitchen and full-service building amenities complement this high-floor residence.
Property Size1,200 SF
Price / SF$558.33
Days on Market6
Property Features for 50 S 16TH STREET Unit 4303
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$9,858
Amenities
24/7 concierge staff
media room
fitness center
business center
billiards
caterers' kitchen
endless pool
spa area with sauna and steam
massage room
yoga studio
complimentary town car
valet parking
custom Snaidero Italian wood cabinetry
granite countertops
breakfast bar
wine cooler
built-in Nespresso machine
stainless steel appliances
Building Details
Building Size
1,200 SF
Year Built
1990
Listing Agency:
KW Empower
Listed By:
Leanne Hirsch · License #RS224065L
(215) 808-5480
Source:
Patmckennarealtors
Added: Oct 29
Changed: Nov 1
Last Checked: Nov 1 at 3:38PM
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
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Investment Insights
Based on property information with market context.
Residence 4303 is a 1,200-square-foot condominium on the 43rd floor of Two Liberty Place, built in 1990. The home offers two bedrooms, or one bedroom with a den, and two full baths, with west-facing views. Its kitchen includes custom Snaidero Italian wood cabinetry, granite counters, a breakfast bar, wine cooler, built-in Nespresso machine, and stainless steel appliances by Miele, Kohler, and Sub-Zero.
Building services and shared amenities include a 24/7 concierge, fitness center, media and business centers, billiards, a caterers' kitchen, pool, spa area with sauna and steam, massage room, yoga studio, and complimentary town car. Valet parking is available at an additional cost. The property is in Center City, near Rittenhouse Square, the Avenue of the Arts, restaurants, shops, cultural attractions, and Philadelphia's business district.
Building services and shared amenities include a 24/7 concierge, fitness center, media and business centers, billiards, a caterers' kitchen, pool, spa area with sauna and steam, massage room, yoga studio, and complimentary town car. Valet parking is available at an additional cost. The property is in Center City, near Rittenhouse Square, the Avenue of the Arts, restaurants, shops, cultural attractions, and Philadelphia's business district.
Key Highlights
- Approximately 1,200 square feet on the 43rd floor
- Two bedrooms or one bedroom and den; two full baths
- West‑facing views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,875
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,500
$377.5K
Cap Rate 7%
$269,643
$269.6K
Cap Rate 9%
$209,722
$209.7K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$36.4K $30.36/SF
− Vacancy
−$2.1K −$1.76/SF
EGI
$34.3K $28.60/SF
− OpEx
−$15.4K −$12.87/SF
NOI
$18.9K $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 Rate 5%
$377,500
Cap Rate 7%
$269,643
Cap Rate 9%
$209,722
Alternative Uses
Best Use
Apartment 5plus
$269.6K
$235.9K – $314.6K
NOI $18,875 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$292.5K
$256.0K – $341.3K
NOI $20,478 @ 7.0% cap · market cap 3.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
26,467
Businesses Nearby
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Business Placement
Demographics for 19102, PA
7,568
Population
4,606
Households
1.6
Avg Household Size
32
Median Age
87%
College-Educated
98%
High-School Grad
0.2 sq mi
ZIP Area
37,840
Density / Sq Mi
$114,844
Median Household Income
$79,552
Median Earnings
$2,249
Median Rent
$412,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A renovated kitchen and full-service building amenities complement this high-floor residence.
Where is this residential income property located?
The property is located at 50 S 16TH STREET Unit 4303 Philadelphia, PA.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: Approximately 1,200 square feet on the 43rd floor; Two bedrooms or one bedroom and den; two full baths; West‑facing views
