Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2120 York St, Unit 34 Philadelphia, PA 19125-1675

    • Apartment buildings
    • 39,956 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimations
    $12,690,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2164650
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Metal Works Apartments / Apartment Complex / Apartment Building

    Property Details for 2120 York St

    Year built
    2019
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.31 lot acres
    Property size
    39,956 SF
    Zone code
    IRMX
    Property type
    Apartment buildings
    APN
    88-1-0687-79
    APU
    881068779

    Description

    This exceptional Class A creative office building, located at 2120 E York Street in Philadelphia's Kensington submarket, offers a unique opportunity for businesses seeking flexible and modern workspace. Built in 2020, the single building comprises 15,708 square feet and features three total suites, with multiple tenancy options available. Currently, 4,120 square feet of space is vacant, offering a range of sizes to accommodate various needs. Units are divisible down to a minimum of 1,020 square feet, with a maximum contiguous space of 3,100 square feet. The property is zoned IRM-X, reflecting its suitability for a variety of commercial uses, including retail, office, and fitness-related businesses. Its prime location in the vibrant Kensington submarket provides excellent access to transportation and amenities. The building's modern design and high-quality construction make it an ideal choice for businesses seeking a sophisticated and functional workspace. This is a rare opportunity to secure prime commercial real estate in a rapidly developing area of Philadelphia. Contact us today to learn more about leasing options and schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $15,706,000
      Market price range: $12.4M - $19.1M
      AI Estimate
      $9,671,000
      Market price range: $3.69M - $17.3M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1281
    Latitude
    39.9817
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,441
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $8,173,300

    Comparable in this City

    • Value Estimation
      $1,580,000
      4,968 SF

      2328 Memphis St, Unit 32

      APARTMENT HOUSE (5+ UNITS) • 4,968 SF
      2328 Memphis St, Philadelphia, PA 19125-2505
      View Details
    • Value Estimation
      $3,205,000
      10,096 SF

      2042 Frankford Ave, Unit 50

      APARTMENT HOUSE (5+ UNITS) • 10,096 SF
      2042 Frankford Ave, Philadelphia, PA 19125-1921
      View Details
    • Value Estimation
      $3,880,000
      12,219 SF

      1511 Frankford Ave, Unit 19

      APARTMENT HOUSE (5+ UNITS) • 12,219 SF
      1511 Frankford Ave, Philadelphia, PA 19125-4411
      View Details
    • Value Estimation
      $9,745,000
      30,684 SF

      2601 Emerald St, Unit 13

      APARTMENT HOUSE (5+ UNITS) • 30,684 SF
      2601 Emerald St, Philadelphia, PA 19125-1146
      View Details
    • Value Estimation by Request

      961 Shackamaxon St, Unit 2

      APARTMENT HOUSE (5+ UNITS)
      961 Shackamaxon St, Philadelphia, PA 19125-4176
      View Details
    • Value Estimation by Request

      959 Shackamaxon St, Unit 3

      APARTMENT HOUSE (5+ UNITS)
      959 Shackamaxon St, Philadelphia, PA 19125-4175
      View Details

    Similar Nearby for Sale

    • $2,950,000
      17,500 SF

      Fishtown Historic Church Building

      Iconic building with modern updates and income potential.
      1345 E Susquehanna Ave, Philadelphia, PA 19125
      View Details
    • $3,900,000
      15,750 SF

      Fishtown Loft Condominium Opportunity

      Unique investment property near Market-Frankford EL in Philadelphia.
      2135 E Susquehanna Ave #13, Philadelphia, PA 19125
      View Details
    • $3,350,000
      9,120 SF

      Luxury Fishtown Apartment Building

      10 Units, Brand New, High ROI
      2001 Frankford Ave, Philadelphia, PA 19125
      View Details
    • Contact for pricing
      5,500 SF

      Fishtown Multifamily Investment Opportunity

      Turnkey 7-unit property on Frankford Avenue in Fishtown.
      2525 Frankford Ave, Philadelphia, PA 19125
      View Details
    • $300,000
      975 SF

      Fishtown Corner Storefront Duplexes

      Thriving Fishtown corner property, ideal for live/work or investment.
      2621 Sepviva St, Philadelphia, PA 19125
      View Details
    • New
      $649,900
      3,950 SF

      New Fishtown Triplex Investment Opportunity

      New construction triplex in Fishtown, ideal for investment.
      2647 Jasper St, Philadelphia, PA 19125
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      19,602 SF

      Fishtown Philadelphia Retail Space

      Prime retail space in new Fishtown development available for lease.
      1130 N Delaware Ave, Philadelphia, PA 19125
      View Details
    • $5,833 /Mo
      2,614 SF

      Retail Space in Philadelphia

      Retail space available for lease in Philadelphia, PA 19125.
      2001 Frankford Ave, Philadelphia, PA 19125
      View Details
    • Contact for pricing
      1,000 SF

      New Retail Space Available

      New construction retail space in booming Fishtown and East Kensington.
      2000 Dreer St, Philadelphia, PA 19125
      View Details
    • Contact for pricing

      Industrial Outdoor Storage Opportunity

      2-acre leveled, fenced industrial land with I-95 access.
      3731 Frankford Ave, Philadelphia, PA 19125
      View Details
    • $800 /Mo
      1,307 SF

      Fishtown Office Rental Opportunity

      Small commercial space in Fishtown, near I-95 and amenities.
      2645 E Lehigh Ave, Philadelphia, PA 19125
      View Details
    • $1,100 /Mo
      1,307 SF

      Frankford Avenue Retail Space

      Prime commercial space in thriving Frankford Avenue corridor.
      2532 Amber St, Philadelphia, PA 19125
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2120 York St, Unit 34
    Philadelphia, PA 19125-1675
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!