The Jaan at Center City

The Jaan at Center City – a 81-unit mixed use, multi-family asset located in Prime Center City, Philadelphia. The Jaan will provide luxury living at an affordable price point. The building will sport a gym, lounge and roof deck with views of the city skyline. The commercial portion will be home to a great restaurant/bar which will be a benefit to the tenants. From the building the Philadelphia Convention Center is a 2 min walk and Reading Terminal Market is a 5 min walk away. The Jaan is also one street away from China Town, so residents have convenient access to a wide variety of cuisines and bars within walking distance. Access to I-95 is the next street over, so tenants will not get stuck in city traffic entering or leaving the area.

Development Cost

21,500,000

After Repair Value

36,000,000

Unit Mix

80 Residential, 1 Commercial

Cash on Cash ROI

15%

IRR

29%

Project Timeline

13 Months

Equity Investment

21,500,000

BEFORE

AFTER

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