The Cecil

BUILDING: This best-in-class 24,364 SF apartment building ($254/PSF), crafted by R&M Development and constructed by master tradesmen at Tester Construction Group (“TCG”), boasts 20 contemporary apartments — anchored by 850 SF of ground floor boutique retail space — along with 5 coveted parking spaces, providing residents with the ultimate urban luxury. The Property is now leasing and will be sold as a stabilized asset in its first year of occupancy.

UNIT MIXTURE: Eleven 1bd x 1ba apartments; eight 2bd x 2ba apartments; plus one luxurious 2bd x 2.5ba apartment. With an average unit size of 715 SF, these apartments exceed market averages and provide residents with spatial quality, comfort and convenience.

AMENITIES: Residents will enjoy the convenience of a private parking garage — along with a suite of amenities including a dog run, skyline rooftop, package area, bike parking, and ground floor retail.

FINANCIALS: Situated within a Qualified Opportunity Zone (QOZ), The Cecil offers a lucrative investment opportunity with a full 10-year tax abatement (on improvements) in a submarket poised for annualized rent growth and appreciation. Average rents per unit are $1982/mo ($2.77/PSF). The property is offered at an attractive 6.5% pro forma cap rate. On a per unit basis, The Cecil is offered at just $294k/door.

LOCATION: Nestled in the heart of Fishtown, one of Philly’s most desirable settings, The Cecil offers an urban-chic lifestyle for its residents. Formerly a blue-collar community, Fishtown has transformed into Philadelphia’s trendiest destination, attracting a diverse mix of investors, creatives, professionals, and businesses. The neighborhood boasts a wide range of artisanal coffee shops (such as Rival Bros next door and La Colombe), boutique stores, and The City’s most vibrant dining scene (multiple James Beard-award nominees and winners have established leading culinary destinations here), as well as a thriving cultural scene with galleries, theaters, and music venues hosting regularly headlined events, such as The Fillmore.

CONNECTIVITY: With easy access to major roadways (I-95), and multiple public transit options (Septa’s El train), The Cecil provides a seamless connection to Center City and beyond. The commanding street-to-street parcel has prominent frontage on both Cecil B Moore and North Second Street, with convenient garage access from Palethorp Street.

This multifamily new development provides unparalleled accessibility and presence at an attractive basis, ensuring consistent rental performance for years to come, in one of the East Coast’s most desirable urban locations — Fishtown.