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30930040
30930041

4210 Chestnut St, Philadelphia, PA 19104

KW
PA 10401252368
GREA
SR
FL SL3567994
GREA
CL
PA RS279134, DE RS001640 (+2)
DY
PA RS356467
GREA
AS
NY 10401388938
GREA
Listed by GREA
$14,500,000
86 days on market
Updated 5 days ago

4210-4216 CHESTNUT STREET

Details
APN 88-1442752
Property Type Multifamily
Sub Type Apartment Building, Student Housing
Square Footage 50,044
Units 47
Beds 96
Pro-Forma Cap Rate 6.00%
Price per SqFt $290
Class B
Year Built 2017
Buildings 1
Stories 6
Lot Size (SqFt) 7,426
Zoning CMX-4

Multifamily | 47 Units | $308,511/unit

Marketing description

The property is a 47-unit, 96-bed boutique mid-rise that captures the "Eds & Meds" demand from nearby Penn Medicine and the Children’s Hospital of Philadelphia (CHOP). This asset offers a stable, recession-proof tenant base with a focus on high-efficiency 2x2 and 3x3 floor plans.

Located just off the corner of 42nd Street and Chestnut Street, the building features six stories of residential space with a fitness center and video monitoring. The building is a 0.5-mile walk to Penn Presbyterian Medical Center (Penn Medicine), and offers direct SEPTA trolley access to Center City.

University City is recognized as a regional leader in science and innovation, featuring distinguished universities and hospitals. The neighborhood spans 2.4 square miles and accommodates over 50,000 residents, alongside 85,000 jobs in various sectors, including medicine, higher education, real estate, technology, and hospitality.

University City offers extensive real estate development opportunities and provides some of the region's best transportation infrastructure, including highly accessible bicycle and pedestrian thoroughfares. This prominent section of the City stands as a cultural destination and transportation hub, as well as an employment center that supports significant development projects and advances in life sciences.

With a diverse population, varied housing and rental options, exceptional educational institutions and medical facilities, and a wide array of amenities, University City is considered one of Philadelphia’s premier neighborhoods and is well-positioned to address both current and future needs.

Listing Contacts

KW
PA 10401252368
GREA
SR
FL SL3567994
GREA
CL
PA RS279134, DE RS001640 (+2)
DY
PA RS356467
GREA
AS
NY 10401388938
GREA
Listed by GREA

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