1217 Realty Group LLC closed on 1307 Locust St in February 2018. It is an 8,000 SF building and is zoned CMX-5. 1217 has plans in the works for a multi family building consisting of eleven units. This historic building was purchased from New Century Trust, a historic women’s support organization headquartered in Philadelphia. Founded in 1882, it is one of the oldest and largest organizations devoted to meeting the needs of women in the labor force.This building was most recently their headquarters prior to our purchase.
For more information about this investment opportunity, please contact [email protected]
1217‘s Future Projects:
25,000 SF of Land in Fishtown
The goal is get 18 homes with parking approved at this site, a rare find anymore in Fishtown.
30-unit Multi-Family project in East Kensington
This multi-family project in East Kensington section of Philadelphia. The idea is to bring affordable units into the area that is under rapid change and development. Multi-family projects of this scale are becoming hot items.
6 town home project in Port Richmond
1217 is working to configure a storage garage property into 6 townhomes with common drive space. The project is anticipated to be received with community support and will be a great project in the ever changing Olde Richmond section of Philadelphia.
1217 is entitling a single family structure into a 4 unit, multi-family building in the burgeoning section of Francisville. 1217 anticipates to close on this in May and begin construction on the project in the Summer of 2018!
What’s Next for 1217 Realty?
1217 is excited to announce we have expanded into the New Jersey!
Stay tuned for the particular sub-markets we will be entering and the deals that will come!!!
Jesse Shemesh is the portfolio manager of 1217 Realty Group LLC where his primary roles comprise deal sourcing, financial underwriting and development oversight. He has ten years of experience in acquisitions, development, sales and distressed debt trades.