PA > Philadelphia > Grays Ferry
Philadelphia, PA 19146,2731 FEDERAL ST
Philadelphia, PA 19146,2731 FEDERAL ST
Philadelphia, PA 19146,2731 FEDERAL ST
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Eric Girolamo

Eric Girolamo

+1(610) 781-2202
Listed by Ryan J McManus • Keller Williams Liberty Place
$2,300,000
Est. payment /mo
7,100 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 7,100 sqft

Price per Sqft $323

Subdivision Grays Ferry

MLS Listing ID PAPH2509700

Year Built 2023

Available Date 2025-07-17

Annual Tax Amount $1,636

Tax Year 2024

Lot Size 6,278 Sqft

Acres 0.14

Lot Dimensions 70.00 x 90.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Introducing 2731 Federal — a prominent corner property located at the gateway of 19146 — one of Philly's perennial-leading residential zip codes for rentals and sales. This turnkey 7-unit multifamily investment property stands tall above the rest, with unmatched skyline views and access — convenient to I-95, Washington Ave, and all of Center City and University City alike. Gaze across the western horizon and witness the billions of dollars in active stage developments from the likes of Chop, Penn, Hup, Pennovation. The brand new $48 million section of the Schuylkill River Trail, known as Christian to Crescent, now connects Center City with the Grays Ferry neighborhood in South Philadelphia with a striking 650-foot cable bridge, visible from 2731 Federal. Fresh Grocer, Chase Bank and more retail/shops located directly across the street. Walkable to adjacent/popular neighborhoods like Graduate Hospital, Point Breeze, Rittenhouse Square and more — this location is on the edge of tangibly-visible massive transformation. The 4-storey structure totals over 7100 SF with ground floor commercial space and an even mixture of 1-2bd apartments above, complete with a panoramic skyline rooftop terrace. Average rents/SF = $2.60. Average rent/unit = $2,032. This boutique apartment building is poised for rent growth and appreciation for years to come — paired with an extremely low OPEX and FULL 10yr tax abatement (approx. 8.5yr remains). Benefitting from the lot's unique dimensions, the apartments are far from cookie cutter, with dramatic angles and unique perspectives, coupled with design-driven interiors and sun-soaked rooms with floor-to-ceiling windows. Sleek bathrooms and contemporary kitchens, washer-dryer in-unit, LVP flooring, flushmount lighting, high ceilings and unique layouts command attention from the rental marketplace, ensuring plentiful demand in the marketplace. Enquire within for financials. Coming soon...

Location

State PA

County Philadelphia

Area 19146 (19146)

Zoning I2

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Flooring Luxury Vinyl Plank

Heat Source Electric

Exterior

Water Access N

View City

Roof Type Fiberglass

Accessibility None

Garage N

Building

Lot Description Corner

Sewer Public Sewer

Water Public

New Construction Y

Schools

School District Philadelphia City

Others

Tax ID 874523160

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)

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agent

Eric Girolamo

+1(610) 781-2202

REALTOR® | License ID: RS315876

REALTOR® License ID: RS315876

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