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601 North 2nd Street

SCOPE Commercial Real Estate Services Sells Mixed-use Property At 601 N 2nd Street In Philadelphia For $6.9M
SOLDMixed-use

SCOPE Commercial Real Estate Services Sells Mixed-use Property At 601 N 2nd Street In Philadelphia For $6.9M

601 North 2nd Street

$6,900,000

$278/SF

Building Size

24,781 SF

Asset Type

Mixed-use

Closing

Oct 31, 2022

AI

The mixed-use property located at 601 N 2nd Street in Philadelphia, PA has been sold for a price of $6,900,000. The property spans a total area of 24,781 square feet, resulting in a price per square foot of $278. The transaction was facilitated by Phil Sharrow, Craig Thom, and Saam Tashayyod of SCOPE Commercial Real Estate Services.

Summary of transaction details

The involvement of Phil Sharrow, Craig Thom, and Saam Tashayyod from SCOPE Commercial Real Estate Services played a crucial role in facilitating the transaction. Their expertise in the Philadelphia market and extensive experience in dealing with mixed-use properties contributed to the successful sale of 601 N 2nd Street.

Players

Craig Thom

Broker

$62.4M

vol

7 deals

Broker

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

2.30%

Cash-on-Cash

-0.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93