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Brush Factory Lofts 1201 Jackson St

152 Unit Apartment Building $74,448,041 CAD ($489,790 CAD/Unit) 5.50% Cap Rate Philadelphia, PA 19148

Investment Highlights

  • Luxury Apartment Living: High-End Finishes at a Substantial Discount to Class A High-Rises
  • Supply Constrained Neighborhood: Scarcity of Land and Existing Density Make Development Challenging
  • Immediate Access to Public Transportation: Short Walk to Broad Street Subway (Snyder Station)
  • New Construction Property: Little to No Deferred Maintenance; Turnkey Opportunity
  • Affluent East Passyunk Location: Mature and Affluent Neighborhood Just South of Center City Philadelphia
  • Abundant Neighborhood Amenities: Walk to Cafes, Restaurants, Bars and Boutique Shops along East Passyunk Avenue

Executive Summary

Opened in 1926 as a paintbrush manufacturing facility, Brush Factory Lofts has been transformed into modern apartment lofts. The property comprises 152 units with a mix of studio, one-, two-, and three-bedroom units. The lofts offer quality interiors, functional amenities, and seamless indoor and outdoor spaces. Eco-conscious features include LED lights, Energy Star appliances, motion-controlled lighting, and efficient heating and cooling systems.
Each unit boasts stylish, high-end finishes including high ceilings, stainless steel appliances, stone countertops, subway tile backsplashes, white shaker-style cabinets, LVT flooring, custom light fixtures, and in-unit washers and dryers. Residents enjoy access to the on-site amenities including a bike room, a media room, a fitness center, workspaces, package receiving, on-site secure parking, and car charging stations. In addition, there is a 4,000-square-foot roof deck with lounge seating and a kitchenette. The roof deck offers beautiful views of Center City, the Walt Whitman Bridge, the Benjamin Franklin Bridge, and the sports stadium complex.
East Passyunk is an affluent South Philadelphia neighborhood directly south of Center City Philadelphia with immediate access to public transportation. Significant residential development has given way to cafes, craft bars, award-winning restaurants, and boutique shops all within walking distance of the Property. Rents in this area are priced at a discount to Center City, Graduate Hospital, and Queen Village providing value to renters seeking a lower price alternative without comprising quality or location.
Situated on the highly visible northwest corner of 12th and Jackson Streets, residents have direct access to Broad Street (Route 611) and are close to Interstates 95, 76, and 676. Several bus routes and SEPTA’s Broad Street Line are within minutes for a commute into Center City, University City, and the surrounding suburbs via connections to the Market-Frankford Line and regional rail lines.

Property Facts

Price $74,448,041 CAD
Price Per Unit $489,790 CAD
Sale Type Investment
Cap Rate 5.50%
No. Units 152
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class B
Lot Size 1.10 AC
Building Size 147,525 SF
No. Stories 5
Year Built/Renovated 1950/2020
Parking Ratio 1.24/1,000 SF

Unit Amenities

  • Air Conditioning
  • Washer/Dryer
  • Heating
  • Granite Countertops
  • Hardwood Floors
  • Wheelchair Accessible (Rooms)

Site Amenities

  • Clubhouse
  • Fitness Center
  • Security System
  • Doorman
  • Media Center/Movie Theatre
  • Package Service
  • Roof Terrace
  • Bicycle Storage
  • Car Charging Station

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 1 - 600 - 700
1+1 87 - 581 - 915
2+1 6 - 770 - 829
2+2 56 - 547 - 722
3+2 1 - 1,086
Walk Score ®
Walker's Paradise (93)
Transit Score ®
Excellent Transit (79)
Bike Score ®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code IRMX
IRMX
  • Listing ID: 32652099

  • Date on Market: 2024-08-01

  • Last Updated:

  • Address: 1201 Jackson St, Philadelphia, PA 19148

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