Domb on Real Estate

Tuesday, October 6, 2009

Best penthouse, investment property, and overall value

Each week, I am going to feature 3 listings...an awesome penthouse for sale, a great investment opportunity for sale, and a property on the market that is an incredible value. Here we go:


1. Penthouse of the Week:

Top of the Parc, 19th Floor - This entire floor penthouse with 7545 sf of inside space and 1675 sf of outdoor deck space literally sits atop Rittenhouse Square and has 360 degree views of the city. Sold as raw space, the buyer can design any floor plan he/she chooses. Residents at Top of the Parc enjoy amenities such as a private elevator for no more than six homes, the ability to purchase park-and-lock spots below the building, and all other Parc Rittenhouse services and features. Here is one potential plan for the space (click on the plan to see a larger version):

2. Investment of the Week:

Parc Rittenhouse, Unit 423 - One bedroom unit offered at $309,900. The current rental income is $1,850. This is more than a 4% cash-on-cash return (much better than you would get from the bank!).


3. Value of the Week:

Pier 5, Unit 222 - 3 bedrooms, 3.5 baths, 2229 sf $349,900 - $157 per sf (this is a great deal)

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