241 -43 Chestnut St, Philadelphia, PA 19106
Retail space available for sale in a prime location.
- Added:
- Nov 6, 2024
- Days on Market:
- 609
- Last Refresh:
- Jun 28 at 4:44 am
Property Features for 241 -43 Chestnut St
General Information
- Standard status
- Active
- Size
- 2,438 SF
- Property subtype
- Multifamily, Retail
Building Details
- Year Built
- 1900
Listing office Pennmark Management Company
Listing date Nov 6, 2024
Source Crexi
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 Pennmark Management Company
HighLights
- Great location for general retail use
- Year Built: 1900
Overview
Local Financial Insights For Retail
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 | $43.9k | $18.00 |
| − Vacancy | −$4.5k | −$1.85 |
| EGI | $39.4k | $16.15 |
| − OpEx | −$11.8k | −$4.84 |
| NOI | $27.6k | $11.30 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.145748
- Latitude
- 39.948808
