The Atrium at East Market 1210 Chestnut St Immeuble residentiel 31 lots 11 924 120 € (384 649 €/Lot) Taux de capitalisation 7,10 % Philadelphia, PA 19107

The Property comprises 31 luxury apartment units and 9,500 square feet of premium retail space in Center City Philadelphia. This section of Center City is the most institutionally invested area in all of Urban Philadelphia. The East Market project culminating with the construction of the Jefferson Special Care Pavilion marks over $1B invested in the surrounding blocks. The Property is directly East of Rittenhouse Square and one block from Jefferson University Hospital positioning it to draft behind the Class A new supply testing the upper limits of the rental market.
The Property is comprised of (2) studio, (21) one-bedroom, (7) two-bedroom/two-bath, and (1) three-bedroom/three-bath apartments boasting high-end condo-quality finishes including stainless steel appliances, stone countertops, high-end LVT flooring, tile backsplashes, vaulted ceilings, and abundant natural light via interior atriums. This Asset features Central HVAC, an in-unit washer/dryer, a large fitness center, and a nicely appointed lobby.
The Asset is located minutes from major thoroughfares such as I-76, I-676, and I-95 providing unparalleled access to the Philadelphia MSA. The Property is transit-oriented allowing tenants access to public transportation via the 11th and 13th Street Stations on the Market-Frankford Line as well as numerous bus and trolly stops carrying commuters throughout Philadelphia.
1210 Chestnut is a special boutique asset inhabited by a thriving ed’s and med’s tenant base establishing the Property’s ability to perform well into the future.