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sales rep | Brivity IDX

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2328 N 2nd St , Philadelphia, PA 19133
$11,999,999
Est. Payment: $64,826.07/mo
43775 Sqft
0.84 Acres
Status: active | Days on site: 145
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KWEMPWR - 3167203,3386657
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House Description

A rare opportunity to acquire a newly constructed, institutionally finished mixed-use asset in one of Philadelphia's fastest-moving corridors positioned directly in the path of Fishtown's northward expansion. Delivered in 2023, 2328 North 2nd Street is a 33-unit, elevator-served apartment building with 3,750 square feet of ground-floor commercial space, a rooftop deck and resident lounge, in-unit laundry in every apartment, and a 10-year, 100% improvement tax abatement. The residential component is 88% occupied and performing. Seventeen units operate under a corporate master lease with Live Work Stay LLC through July 2027 at modestly below-market rents providing consistent, institutionally structured income today with a built-in mark-to-market event in the near term. Market rents for 2-bedroom units in the building are $2,150–$2,400 per month; the path to stabilized NOI of $603,000 annually is straightforward. The commercial component is 3,750 square feet across two ground-floor retail suites. At stabilization, the income capitalization approach supports a value of $11,075,000. The offering includes four adjacent residentially zoned parcels (RSA-5) along North Philip Street, each measuring approximately 1,441 square feet and conditionally approved for townhome development — four homes at approximately 2,700 square feet each. Taxes and square footage is the responsibility of the buyer to verify independently.

Highlights

Listed by Jim Onesti , 4844296769 and Jon M O'Shea , 2677803419 KW Empower , 2156273500. Bright MLS

Property Type

Commercial Sale

Lot/Acreage
0.84

Year Built

2023

County

Philadelphia

Area

19133 (19133)

Neighborhood

West Kensington

School District

The School District Of Philadelphia

Listing ID

PAPH2632920

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Interior Features

Air Cond:Central A/C
Fireplaces:
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Garage Capacity:30
Zoning:CMX2.5
Sewer:Public Sewer
Parking Features:Private Garage,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Principal Interest
$64,826
Taxes
$0

Home Price

$11,999,999

Loan Details

30 yrs
7.148%

Down Payment

20%
$2,400,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$64,826.07

Principal

Taxes

Principal Taxes HOA Total
Monthly $64,826.07 $0.08 $0.00 $64,826.16
Yearly $777,912.86 $1.00 $0.00 $777,913.86
Total $23,337,385.80 $30.00 $0.00 $23,337,415.80
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Philadelphia, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T09:11:29.000Z

© 2026 Bright MLS