1838 E Huntingdon Street

East Kensington, Philadelphia, PA 19125

Introducing 1838 Huntingdon in Fishtown/Kensington, a 56 unit amenitized multifamily development property with full approvals and entitlements to build. With three (3) street frontages and corner lot coverage, this industrial-era parcel has been optimally designed by Coscia Moos, a renowned Philadelphia architecture and design firm, to conform to local zoning codes and maximize the livable square footage of the future 51,000 SF multifamily property with 52 apartments, 4 artisan studios, 7 parking spaces, elevator, private terraces, bike room, luxurious lobby, skyline roofdeck and more. Six (6) different unit types offer variety for the studio, 1bd and 2bd apartments with a bulk of the units having access to private outdoor space. Ownership has obtained full entitlements to build this luxury development, meaning the new owner has zero responsibility for filing permits and paperwork - just buy and build! The 10 year tax abatement will be secured, meaning this will be one of the last developments in The City of Philadelphia to carry a full 10 year abatement, as the program is being reduced at the start of 2022.Located one block from Septa's Market Frankford El train, this is a transit-oriented development in the Qualified Opportunity Zone, where future building residents can connect into Downtown Philly in under 20 minutes on the train, and property investors can defer or eliminate capital gains through their investment.Sites such as this rarely come to market and represent a generational real estate development opportunity for its future owner. Fishtown/Kensington is the fastest growing submarket in Philadelphia where billions of dollars are committed to capital projects and real estate development. The city's most notable restaurants and chefs are all here - a clear indication of a neighborhood's upward trajectory.