Property profile

901 Penn St Ste Fc1 Philadelphia, PA 19123

OFF-MARKET
Other office properties
Property ID
US73-0696306
2,100 SF Built 2009
Entity Owned 16-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 20th-floor condominium residence is located in the Reef building within the gated Waterfront Square Condominium community in Philadelphia. The unit provides 2 bedrooms, 2.5 bathrooms, and garage parking for one vehicle. Interior features include an open-concept layout with floor-to-ceiling windows, hardwood floors, and panoramic views of the Delaware River and the Northern Liberties skyline. The kitchen includes quartz countertops, Shaker-style cabinetry, stainless steel appliances, and a large seated island. The primary suite has a walk-in closet and an en-suite bath with a soaking tub, glass-enclosed shower, and double vanity with granite countertops. The guest bedroom has river views and access to a full bath. A powder room is located near the entry, and a walk-in laundry room includes a full-sized washer and dryer plus additional storage. The Waterfront Square community amenities include 24-hour concierge service, security, maintenance, and mail service, along with a fitness center, an indoor 25-meter Jr. Olympic-sized pool, Jacuzzi, steam room, sauna, and a riverfront sun deck with BBQ grills; the community also offers a resident shuttle to Center City and 30th Street Station and has onsite EV charging stations. The property is situated across from the Northern Liberties neighborhood and is near Race Street Pier, Cherry Street Pier, Penn’s Landing, Rivers Casino, and the Delaware River Trail.

Property profile

Verified
Property type Other office properties
Use group CONDOMINIUM OFFICES
Year built 2009
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,100 SF
Zoning code CMX3
APN 88-8-0626-68
UPID US73-0696306

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Foster Care Service Social Service Agency
  • Environmental Consultant
  • Physician
  • Consultant Bathroom Remodeler
  • Hardware & Home Improvement Waste Management Facility

Location

901 Penn St Ste Fc1 Philadelphia, PA 19123-1352
Philadelphia metro Census 14202 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2010
1 recorded transaction
2010
$280,000

Zoning & alternative use

CMX3 · Philadelphia, PA
Zoning description

CMX-3 Community Commercial Mixed-Use C-3 RC-3 CMX-4 Core Commercial Mixed-Use C-4 CMX-5 Center City Core Commercial Mixed-Use C-5 CA-1 Auto-Oriented Commercial-1 C-7 NSC CA-2 Auto-Oriented Commercial-2 ASC Eliminated >>…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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