The Bradford

The Bradford is a 26-unit, luxury apartment building situated on South 8th Street between Lombard and South Streets in one of Center City Philadelphia’s most sought-out locations and neighborhoods - Washington Square West. Bordering Mid-Town to the North, Old City to the Northeast, and Society Hill and Independence Mall/Market East to the North, Washington Square West is one of the most vibrant, walkable (97 Score) locations in Philadelphia. 

Completed in July 2017, The Bradford is a three-story apartment property. It has an excellent unit mix of 73% one-bedroom (19 units), 15% two-bedroom (4 units), and 12% studio (3 units). The units feature high-end kitchens with stone countertops, microwaves, stainless steel appliances, modern baths, washer/dryer, NEST thermostats, and ample closet space. Property amenities include a green roof, an outdoor tenant lounge, a community BBQ, an enclosed dog run, and a state-of-the-art intercom system. There are eight parking spaces available for a fee to residents. Currently, all spaces are occupied and there is a waitlist.  

Residents of The Bradford enjoy unparalleled access to cafes, restaurants, grocery stores, and parks. Whole Foods, Acme, CVS, Starbucks, Brauhaus, Nomad Pizza, Federal Donuts, PNC Bank, Citizens Bank, The Saloon, Little Nonna’s, Talula’s Garden, and the award-winning Serpico - all within a five-block radius of the Property. Washington Square West neighborhood offers more parks, playgrounds, and recreation centers than any other Center City neighborhood. This includes Palumbo Recreation Center, Segar Park & Recreation Center, Starr Garden Playground, and South Street Community Gardens. Further, The Park at Penns Landing, a new $329MM, 11.5-acre park, is now under construction connecting Old City to the Delaware River. The Bradford will benefit from the massive project aimed at rejuvenating the Philadelphia Waterfront and injecting fresh energy into several neighborhoods east of Broad Street. 

This submarket is poised to see significant demand for housing as it is considered one of the City’s top neighborhoods. The Bradford is well-positioned in a submarket poised to outperform other oversupplied areas of Philadelphia. Washington Square Wests posts an average occupancy rate of ±95% with rental rates in the $3 to $4 PSF range. Due to the wide range of rents, as well as below market rents, at the Property, there is significant rental upside. 

The Bradford presents an excellent opportunity to acquire a luxury apartment property in the highly desirable Washington Square West section of Philadelphia.