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Property profile & analytics
OFF-MARKET
Estimated value
$19,880,000
Apartment buildings
246 Upsal St Philadelphia, PA 19119-3264
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-1335842
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1927
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
156,000 SF
Lot
3.92 ac (170,886 SF)
Zoning code
RM3
APN
88-1-0990-15
UPID
US73-1335842
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Real Properties Real Estate Agency
-
JT Harding Studios Art Gallery Art Studio
-
Upsal Garden Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.88M
Owner & transaction history
246 Associates LLC · 5 yrs held
246 Associates LLC
since 2021
6 recorded transactions
Zoning & alternative use
RM3 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Residential Multi Family districts are primarily intended to accommodate moderate to high density, multi unit residential buildings in areas where such development already exists or where it is desired in the future
Zone name
Residential Multifamily
General category
RESIDENTIAL
Zone area
155.02 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Philadelphia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Philadelphia submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$33,055,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$28,945,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$27,015,000
Change: -18% · Conversion: Moderate
RETAIL STORES
$26,750,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$19.88M
Range $17.89M – $21.87M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$127 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$173,980
Tax year 2023
Assessed value
$12,428,900
Assessed 2023
Previous assessed
$12,428,900
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$3,728,670
Assessed improvement
$8,700,230
Land market value
$3,728,670
Improvement market value
$8,700,230
Total market value
$12,428,900
Applied tax rate
22.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1927
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
5
Total area
156,000 SF
Lot
3.92 ac (170,886 SF)
Zoning code
RM3
APN
88-1-0990-15
UPID
US73-1335842
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RM3 · Philadelphia, PAZoning RM3 · permitted uses
RM3 · Philadelphia, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Residential Multi Family districts are primarily intended to accommodate moderate to high density, multi unit residential buildings in areas where such development already exists or where it is desired in the future
Zone name
Residential Multifamily
General category
RESIDENTIAL
Zone area
155.02 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$33.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$28.9M
COMMERCIAL (GENERAL)
Est. value
$27.0M
RETAIL STORES
Est. value
$26.8M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1927
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
5
Lot
3.92 ac
Current owner
From public records · entity-resolved
246 Associates LLC
Entity
Mailing address
PO BOX 4970, PHILADELPHIA, PA 19119-0070
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2026
—
Eugene Gribiushko
—
Deed
related
$240,000 · Univest Bank & Trust Co
Apr 28, 2021
—
246 Associates LLC
—
Deed
related
$13,861,250 · New York Community Bank
Apr 23, 2021
—
246 Associates LLC
246 Associates
Deed
—
Sep 1, 2016
—
Alan Lieberman
—
Deed
related
$10,950,000 · New York Cmnty Bk
Oct 26, 2011
—
Alan Lieberman
—
Deed Of Trust
related
$8,700,000 · Sovereign Bank
—
—
Alan Lieberman
—
Deed Of Trust
related
$10,950,000 · New York Cmnty Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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