INTRODUCING: 85 EAST — This 9-unit gated new construction apartment community with parking is set back peacefully off the quaint cobbles of Germantown Avenue in Philadelphia’s historic Mount Airy neighborhood in NW PHL. It is a turnkey investment opportunity with an attractive 7.1% cap rate. Comprising 3 contiguous triplex buildings, 85 East features private parking and panoramic rooftop terraces for residents. Each building features two (2) 2bd x 1ba units on the 1st/2nd floors and one (1) 3bd x 2ba unit on the 3rd floor, with private access to the rooftop terrace. The interiors are outfitted with high-end finish kits including quartz countertops, LVP flooring, stainless-steel appliance packages, designer lighting and more. Bright, spacious and airy interiors provide a serene sense of calm inside the buildings. Walkable to Germantown Avenue’s commercial corridor lined with boutiques, shops, breweries, restaurants, cafes and historic structures, 85 East is connected to the fabric of Mount Airy’s eclectic lifestyle. Easy access into Center City and University City by train (3 minutes to Carpenter Station on Chestnut Hill West Septa line) or car (25 minutes to Center City), as well as suburban employment and entertainment districts. Walkable nearby amenities include: Mount Airy Tap Room, Acme, Lovett Memorial Library, Wawa, McMenamin’s, Jansen, Johnson House Historic Site, Weaver’s Way Co-op, Grocery Outlet, Young American Hard Cider and Tasting Room — as well as Wissahickon Valley Park, Chestnut Hill and Historic Germantown. 10 Year Tax Abatement—pay taxes on assessed land value rather than improvements. Minimal expenditures. High-growth rental submarket. BUYER TO VERIFY TAXES, SF, FINANCIALS IN DD.
New construction
$2,450,000
85 E Sharpnack St, Philadelphia, PA 19119
21beds
--baths
12,720sqft
Est.:
Multi Family
Built in 2022
-- sqft lot
$-- Zestimate®
$193/sqft
$-- HOA
What's special
Quartz countertopsHigh-end finish kitsPrivate parkingPanoramic rooftop terracesStainless-steel appliance packagesLvp flooring
- 281 days
- on Zillow |
- 265 |
- 41 |
Zillow last checked: 7 hours ago
Listing updated: January 21, 2025 at 11:14am
Listed by:
Ryan McManus 610-606-1095,
Keller Williams Liberty Place 6093995454,
Co-Listing Agent: Brandon Ribeiro 267-945-8167,
Keller Williams Liberty Place
Source: Bright MLS,MLS#: PAPH2414060

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 21
Heating
- Wall Unit, Electric
Cooling
- Ductless, Electric
Appliances
- Included: Electric Water Heater
Features
- Flooring: Luxury Vinyl
- Has fireplace: No
Interior area
- Total structure area: 12,720
- Total interior livable area: 12,720 sqft
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
- Has view: Yes
- View description: Panoramic, Scenic Vista, City
Lot
- Size: 6,750 Square Feet
- Dimensions: 13.00 x 160.00
- Features: Flag Lot, Urban
Details
- Additional structures: Above Grade
- Parcel number: 221121700
- Zoning: RSA5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Fiberglass
Condition
- Excellent
- New construction: Yes
- Year built: 2022
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Mt Airy
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $193/sqft
- Tax assessed value: $196,970
- Annual tax amount: $2,757
- Date on market: 10/25/2024
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
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