Updated May 27, 2025
Swift Bros. Inc Sells Mixed-use Property In Philadelphia For $3.6 Million With Billy Creagh As The Broker
148 North 2nd Street & 152 158 North 2nd Street
$3,600,000
$276/SF
Building Size
6,516 SF
Asset Type
Mixed-use
Closing
Feb 23, 2025
About this deal
AI
The asset involved in this transaction is a mixed-use property located at 148 North 2nd Street & 152-158 North 2nd Street in the Philadelphia market. The sale took place for $3,600,000 and encompasses a total square footage of 8,926, divided into two segments of 2,410 SF and 6,516 SF, resulting in a price per square foot of $403.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,600,000
- Square Footage: 8,926
- Address: 148 North 2nd Street & 152-158 North 2nd Street
- Market: Philadelphia
- Seller: Swift Bros. Inc
- Broker: Billy Creagh - National Realty Commercial
This transaction highlights the role of Billy Creagh from National Realty Commercial, representing Swift Bros. Inc as the seller in this deal, facilitating the successful sale of the property.
Philadelphia Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93