facebook

traded

+ Submit
Home

/

Deals

/

Pennsylvania

/

Mixed Use

/

Sale

/

148 North 2nd Street

Swift Bros. Inc Sells Mixed-use Property In Philadelphia For $3.6 Million With Billy Creagh As The Broker
SOLDMixed-use

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

13,032 SF

Asset Type

Mixed-use

Closing

Feb 23, 2025

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.

Players

Billy Creagh
Verified Badge

Billy Creagh

National Realty Commercial

Broker

$13.3M

vol

39 deals

Broker

Philadelphia Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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