1501 N 31St Street Philadelphia, PA $ 5,219,999
1501 N 31St Street
$ 5,219,999
New Construction
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1501 N 31St Street

Philadelphia, PA, 19121
$ 5,219,999
Baths0.0 Sq 34,000

Monthly Estimate*

$ 34,694

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Studio

Commercial Property for sale in Philadelphia, PA

for $5,219,999. This 34,000 square foot building was built in 2023 on a lot size of 0.69.

Introducing Otto on the Park: a brand new construction, boutique luxury condo building in booming Brewerytown. Constructed by renowned developer Equinox and designed by Interface Studio Architects, this unparalleled new development brings luxury living and convenience to the Philadelphia marketplace. Premium lifestyle features include: covered and uncovered parking (1:1), private balconies, private penthouse rooftops, and a deluxe common amenity package with panoramic rooftop kitchen, lounge and dog run, elevator, dog wash station, tech-friendly lobby, Amazon package room, cycle storage and more. Full 10 year tax abatement and low condo fees. Striking architectural flair and curb appeal. Greet guests and visitors in style at one of the city's first port cocheres - a convenient and secure valet drive at the building entrance. Walk to Fairmount Park, the largest urban park in the USA with miles of trails, tennis, golf and more. Walkable to Girard Avenue, the hip neighborhood commercial corridor loaded with destination retail-driven breweries, restaurants, cafes and shops. Easy access to Center City and University City just minutes to either downtown district and major transportation connections. Several units left to purchase in bulk (of the 32 units in total). Taxes, condo fees and SF are estimated. There is a full 10 year tax abatement. Buyer's responsibility to verify taxes, condo fees and square footages during due diligence.

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Commercial Active

Price

$ 5,219,999

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Apartment Building

Lot Size

0.69

Year Built

2023

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2226386

Features
Interior
Heating Fuel Natural Gas
Flooring Engineered Wood
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N Y
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General
Sewer Public Sewer
Heating Central
Cooling Central A/C
Possession Settlement
Roof Vegetated Wood Other
Zoning IRMX
Security Features Exterior Cameras
Construction Materials Mixed Concrete Stick Built Steel Siding
Year Built 2023
View City
Property SubType Five Or More Units
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Natural Gas
Municipality PHILADELPHIA
Business Type Apartment Building
Accessibility Elevator
County PHILADELPHIA
New Construction Y
Property Type Commercial Sale
Subdivision Name BREWERYTOWN
Water Access Y/N N
Status ACTIVE
Directions Use GPS
City PHILADELPHIA
Buyer Agent Compensation 2.25
Total Units 32
MLS Area 19121 (19121)
Lot Size Square Feet 30056.40
Waterfront Y/N N
Street Name N 31ST STREET
Tax Annual Amount 0.0
Property Condition Excellent
Price Per Sq Ft 153.53
Construction Completed Y/N N
Vacation Rental Y/N N
Days on Market 393
Location Type Downtown
Builder Name EQUINOX
Standard Status Active
Year Built Source Estimated
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee 4625.00 Y
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Exterior
Water Source Public
Type of Parking Parking Lot
Water View Y/N N
Building Area Total 34000.00
Lot Size Acres 0.69
Lot Size Units Square Feet
Lot Size Source Estimated
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1501
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* Excluded Features
List By
Compass Pennsylvania, Llc

Broker

ryan@agentphl.com

Email

Affordability Calculator

$34,694
Per Month
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Monthly Principal & Interest
$34,694
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/19/2024$5,219,999 -11.82% Price Down
12/5/2023$5,919,495 -26.01% Price Down
4/21/2023$8,000,000 Listed Price

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1501 N 31St Street, Philadelphia, PA, 19121 is a Commercial Property for sale at $5,219,999 with 34,000 sqft and a lot size of 0.69. 1501 N 31St Street is a studio with 0.0 baths and was built in 2023. The property's zip code is 19121 which is in Philadelphia, PA