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INTRODUCING: THE GRACE "” named for a Philadelphia icon, Grace Kelly "” this boutique new construction apartment property is nestled in the northwest hills of East Falls in Philadelphia, Pennsylvania. Nearly fully leased in its first year of occupancy, this premium turnkey multifamily asset commands an impressive streetscape presence on Midvale Avenue "” the winding, bucolic avenue which runs from the top of the hill to the Schuylkill River. Located in the storybook East Falls setting with studios, 1bd and 2bd apartments, residents have access to a fully furnished fitness center on the ground floor to practice everyday health and wellness, as well as a panoramic rooftop terrace showcasing views of the lush surrounds. The Property is set back from the bustling Ridge Ave corridor and tucked into the landscape, providing a quiet respite for residents. Yet, it's just steps from the plentiful shops, restaurants, cafes and amenities in the East Falls borough, and equally convenient to Main Street Manayunk, The Schuylkill River Trail, Septa's regional rail station, Jefferson University, Wissahickon Valley Park, Bala Cynwyd shopping + office districts, and so much more"”just outside of the urban core. The asset carries the benefits of a 10 year tax abatement along with minimal expenditures, in an area poised for above-average rent growth and appreciation "” NW PHL. BUYER RESPONSIBLE TO VERIFY TAXES, FINANCIALS, SF IN DD. 48HR NOTICE REQUIRED TO TOUR.
| DAYS ON MARKET | 199 | LAST UPDATED | 1/15/2025 |
|---|---|---|---|
| TRACT | EAST FALLS | YEAR BUILT | 2024 |
| COMMUNITY | 19129 (19129) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
| PRICE HISTORY | |
| Prior to Aug 14, '24 | $11,000,000 |
|---|---|
| Aug 14, '24 - Jan 15, '25 | $10,500,000 |
| Jan 15, '25 - Today | $9,900,000 |
| ADDITIONAL DETAILS | |
| AIR | Ductless, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | 19129 (19129) |
| HEAT | Electric |
| LOT | 0.28 acre(s) |
| LOT DIMENSIONS | 105.00 x 209.00 |
| PARKING | None |
| SEWER | Public Sewer |
| STORIES | 5 |
| SUBDIVISION | EAST FALLS |
| TAXES | 2418 |
| VIEW | Yes |
| VIEW DESCRIPTION | Water, City, River, Park/Greenbelt, Panoramic |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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