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36 GROUNDBREAKING LUXURY TOWNHOMES IN PHILADELPHIA’S NORTHERN LIBERTIES
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Transcript of Construction Started at Ortlieb's Square - Rental Investment Property at Philadelphia, Northern...
36 GROUNDBREAKING
LUXURY
TOWNHOMES
IN PHILADELPHIA’S
NORTHERN
LIBERTIES
This presentation has been prepared by National Realty & Investment Advisors, LLC (“NRIA”) on the basis of information obtained from NRIA and other public
sources, as of the specified date. NRIA does not undertake any duty or obligation to update the information. NRIA does not make or gives any representation,
warranty or guarantee, whether express or implied, that the information contained in this presentation or otherwise supplied to the recipient, at any time
by or on behalf of NRIA whether in writing or not, relating to the offering discussed herein is complete or accurate or that it has been or will be audited or
independently verified, or that reasonable care has been taken in compiling, preparing or furnishing the information. This presentation provides a guide only
and it is not intended to be exhaustive and, in particular, does not contain disclosure of any of the risks associated with the opportunity. This presentation is
not to be construed as investment, tax or legal advice in relation to the relevant subject matter. You must seek your own legal or other professional advice.
This presentation contains statements that are forward-looking statements. These forward-looking statements, which are subject to numerous risks, uncertainties
and assumptions, include projections of future financial performance, anticipated growth strategies and anticipated trends in the business. These statements are
only predictions based on current expectations and projections about future events, subject to change due to actual results, level of activity, performance or
achievements. Any estimate or forecast contained in this presentation is not a promise or representation by NRIA as to future matters and nothing contained in
the information should be relied upon as a representation as to future matters.
The projections based on financial and other pro forma data set forth in this presentation were not prepared with a view toward compliance with U.S. Generally
Accepted Accounting Principles or any other published standards. Projections and other pro forma data are derived from estimates, as of the date of this
presentation, based on certain hypothetical assumptions, which are inherently subject to significant business, economic and competitive uncertainties and
contingencies. Independent estimates about the future benefits of the opportunity and pro forma data should be developed by investors before any decision is
made on whether or not to invest in the opportunity and investors should not rely on the projections and pro forma data contained herein. Summaries of any
documents about the opportunity discussed herein are not intended to be comprehensive or all inclusive, but rather only outline some of the provisions contained
therein and are qualified in their entirety by the actual document to which they relate.
This presentation does not constitute an offer or invitation to make an investment, in any form, in the opportunity discussed herein. It has been prepared to
obtain indications of interest about an investment to be made which will only be made upon the basis of the negotiations and executions of full investment
documentation. This is not an offer of an investment opportunity in any jurisdiction where it is prohibited or where a pre-filing or other action is required.
You understand that the information is confidential and is furnished solely for the purpose of your review in connection with the opportunity discussed herein. You
further understand that the information is not to be used for any other purpose or made available to any other person without the express written consent of NRIA.
This offering is subject to prior placement and withdrawal, cancellation or modification without notice.
TABLE OF CONTENTS
1 Executive Summary 2 Property Description 3 Area Overview 4 Comparable Properties 5 Investment Requirement
36
GROUNDBREAKING
LUXURY
TOWNHOMES
IN
PHILADELPHIA’S
NORTHERN
LIBERTIES
1
1 EXECUTIVE
SUMMARY
36
GROUNDBREAKING
LUXURY
TOWNHOMES
IN
PHILADELPHIA’S
NORTHERN
LIBERTIES
2
ORTLIEB SQUARE
Experience the excitement of Ortlieb Square – 36 groundbreaking luxury townhomes in Philadelphia’s Northern Liberties. Enjoy
everything the neighborhood has to offer, all within walking distance of your front door: take in a free concert at the Piazza at
Schmidts, stroll and shop along Liberty Walk or dine alfresco at critically acclaimed restaurants, bars and cafes. Walking the
cobblestone streets of Northern Liberties, the neighborhood’s rich industrial heritage is impossible to ignore. Our name pays homage to Ortlieb Brewery, one of the 150 breweries that stood on and around our location not so long ago. And our high ceilings,
large windows, and hardwood floors evoke the industrial loft- a melding of traditional warmth and contemporary urban living. All units
enjoy a breathtaking common space and gourmet kitchen, equipped with high-end stainless steel appliances and granite
countertops. Feel free to entertain, relax, or unwind- our open floor plans are suited for any mood and any occasion. Enjoy the view
from your private roof deck, and pamper yourself in the master suite with its walk-in closets and a spa-like master bath. We invite
you to leave your car in your private garage- with direct access to bus and train routes, community gardens, and shopping centers,
you will rarely need it. Welcome to Northern Liberties, welcome to Ortlieb Square.
36
GROUNDBREAKING
LUXURY
TOWNHOMES
IN
PHILADELPHIA’S
NORTHERN
LIBERTIES
3
2 PROPERTY
DESCRIPTION
36
GROUNDBREAKING
LUXURY
TOWNHOMES
IN
PHILADELPHIA’S
NORTHERN
LIBERTIES
4
RENDERINGS
36
GROUNDBREAKING
LUXURY
TOWNHOMES
IN
PHILADELPHIA’S
NORTHERN
LIBERTIES
5
RENDERINGS
36
GROUNDBREAKING
LUXURY
TOWNHOMES
IN
PHILADELPHIA’S
NORTHERN
LIBERTIES
6
RENDERINGS
36
GROUNDBREAKING
LUXURY
TOWNHOMES
IN
PHILADELPHIA’S
NORTHERN
LIBERTIES
7
RENDERINGS
36
GROUNDBREAKING
LUXURY
TOWNHOMES
IN
PHILADELPHIA’S
NORTHERN
LIBERTIES
8
RENDERINGS
36
GROUNDBREAKING
LUXURY
TOWNHOMES
IN
PHILADELPHIA’S
NORTHERN
LIBERTIES
9
RENDERINGS
36
GROUNDBREAKING
LUXURY
TOWNHOMES
IN
PHILADELPHIA’S
NORTHERN
LIBERTIES
10
FLOOR PLAN
Unit Type 1
ROOF LEVEL
20RD
N7.5"@
PILOT HOUSE
FOURTH FLOOR
BEDROOM 2 BEDROOM 1
±12'-0" x 13'-10" ±12'-0" x 10'-0"
CL
CL BATH 1
36" VANITY
BATH 2 LAUNDRY
36" VANITY
LC
HWH
D N 1 8 R
@
7.
3 3"
W.I.C. ±8'-7" x 7'-0"
UP 2
0R
@ 7
.5
"
H V A C
72" X 36"
SHOWER
MASTER BEDROOM MASTER
±17'-0" x 11'-7"
BATHROOM
VAN
ITY60"
THIRD FLOOR
OUTDOOR
OFFICE
±8'-0" x 7'-0"
LIVING ROOM ±16'-4" x 18'-2"
24" DW
DN
1
1R
@ 7.0
9"
U P 6 R
@ 7 . 0 "
UP 1
8R
@ 7.3
3"
KITCHEN / DINING
±17'-10" x 24'-6"
POWDER
ROOM
36
GROUNDBREAKING
LUXURY
TOWNHOMES
SECOND FLOOR
BEDROOM 1 ±10'-0" x 12'-0"
BEDROOM 2 ±12'-0" x 12'-0"
CL
BATH 1
48" VANITY
LC
12R7.5"
UP
6R@
7.
0"
60" VANITY
D N @
MASTER
BATHROOM
SHOWER36"X72"
CL
D N 2 1 R @ 7 . 7 1 "
UP 1
1R
@ 7.09"
W.I.C.
±7'-6" x 5'-6"
CL
MASTER BEDROOM
±17'-7" x 11'-6"
OUTDOOR
FIRST FLOOR
GARAGE GARAGE ±12'-2" x 18'-0" ±12'-2" x 18'-0"
DN
DN
DN
9R@
7.39"
KITCHEN
DN
1
3R
@ 7.3
1"
±11'-0" x 10'-0"
DN
6R@
7.
0"
24" DW
12R7.5"
U P @
DN
UP 2
1R
@ 7.7
1"
LR/DR
FOYER - UNIT B ±17'-10" x 9'-9"
MET
ER
UNIT B
ENTRY
UNIT A
ENTRY
BASEMENT
HVAC
LAUNDRY
13R
31"
SUMP
.
7
UP @
U P 1 3 R
@ 7
.31
"
UNFINISHED
STORAGE SPACE
FINISHED
BASEMENT ±14'-9" x 17'-0"
SUMP
IN
PHILADELPHIA’S
NORTHERN
LIBERTIES
11
FLOOR PLAN
Unit Type 1A
ROOF LEVEL
20RD
N7.5"@
PILOT HOUSE
SECOND FLOOR
BEDROOM 1 ±10'-0" x 12'-0"
BEDROOM 2 ±12'-0" x 12'-0"
CL
BATH 1
48" VANITY
LC
12R7.5"
UP
6R@
7.
0"
60" VANITY
D N @
MASTER
BATHROOM
SHOWER36"X72"
CL
D N 2 1 R @ 7 . 7 1 "
UP 1
1R
@ 7.09"
W.I.C.
±7'-6" x 5'-6"
CL
MASTER BEDROOM
±17'-7" x 11'-6"
OUTDOOR
FOURTH FLOOR
BEDROOM 2 BEDROOM 1
±12'-0" x 13'-10" ±12'-0" x 10'-0"
CL
CL BATH 1
36" VANITY
BATH 2
LAUNDRY 36" VANITY
LC
HWH
D N 1 8 R
@
7.
3 3"
W.I.C. ±8'-7" x 7'-0"
UP 2
0R
@ 7
.5
"
H V A C
72" X 36"
SHOWER
MASTER BEDROOM MASTER
±17'-0" x 11'-7"
BATHROOM
VAN
ITY60"
26'-0"
FIRST FLOOR
GARAGE GARAGE ±12'-2" x 18'-0" ±12'-2" x 18'-0"
18
'-0
"
DN
DN
DN
9R@
7.39"
KITCHEN
DN
1
3R
@ 7.3
1"
45
'-0
"
±11'-0" x 10'-0"
DN
6R@
7.
0"
24" DW
12R7.5"
U P @
DN
UP 2
1R
@ 7.7
1"
LR/DR
FOYER - UNIT B
±17'-10" x 9'-9"
MET
ER
UNIT B
ENTRY
UNIT A
ENTRY
THIRD FLOOR
OUTDOOR
OFFICE ±8'-0" x 7'-0"
LIVING ROOM ±16'-4" x 18'-2"
24" DW
DN
1
1R
@ 7.0
9"
U P 6 R @ 7 . 0 "
UP 1
8R
@ 7.3
3"
KITCHEN / DINING
±17'-10" x 24'-6"
POWDER
ROOM
BASEMENT
HVAC
LAUNDRY
13R
31"
SUMP
.
7
UP @
U P 1 3 R
@ 7
.31
"
UNFINISHED
STORAGE SPACE
FINISHED
BASEMENT ±14'-9" x 17'-0"
SUMP
36
GROUNDBREAKING
LUXURY
TOWNHOMES
IN
PHILADELPHIA’S
NORTHERN
LIBERTIES
12
FLOOR PLAN
Unit Type 2
ROOF LEVEL
20RD
N7.5"@
PILOT HOUSE
FOURTH FLOOR
BEDROOM 2 BEDROOM 1
±12'-0" x 13'-10" ±12'-0" x 10'-0"
CL
CL BATH 1
36" VANITY
BATH 2
LAUNDRY 36" VANITY
LC
HWH
D N 1 8 R
@
7.
3 3"
W.I.C. ±8'-7" x 7'-0"
UP 2
0R
@ 7
.5
"
H V A C
72" X 36"
SHOWER
MASTER BEDROOM MASTER
±17'-0" x 11'-7"
BATHROOM
VAN
ITY60"
THIRD FLOOR
OUTDOOR
LIVING ROOM
±16'-4" x 18'-2"
24" DW
D N 1 1 R
@ 7.09"
U P 6 R @ 7 . 0 "
UP 1
8R
@ 7.33"
KITCHEN / DINING
±17'-10" x 24'-6"
POWDER
ROOM
36
GROUNDBREAKING
LUXURY
TOWNHOMES
SECOND FLOOR
BEDROOM 2 BEDROOM 1 ±14'-0" x 16'-3" ±11'-9" x 16'-3"
CL
CL CL
BATH 1
LC
48" VANITY
1 2 R 7 . 5 "
UP 6
R
@ 7.0
"
60" VANITY
D N @
MASTER
BATHROOM
SHOWER36"X72"
CL
D N 2 1 R
@
7.7
1"
UP 1
1R
@ 7.09"
W.I.C.
±7'-6" x 5'-7"
CL
MASTER BEDROOM
±17'-7" x 11'-6"
OUTDOOR
FIRST FLOOR
GARAGE GARAGE ±12'-2" x 18'-0" ±12'-2" x 18'-0"
DN
DN
DN
9R@
7.39"
KITCHEN
DN
1
3R
@ 7.3
1"
±11'-0" x 10'-0"
DN
6R@
7.
0"
24" DW
12R7.5"
U P @
DN
UP 2
1R
@ 7.7
1"
LR/DR
FOYER - UNIT B ±17'-10" x 9'-9"
MET
ER
UNIT B
ENTRY
UNIT A
ENTRY
BASEMENT
HVAC
LAUNDRY
13R
31" SUMP .
7
UP @
U P 1 3 R @ 7 . 3 1 "
UNFINISHED
STORAGE SPACE
FINISHED
BASEMENT ±14'-9" x 17'-0"
SUMP
IN
PHILADELPHIA’S
NORTHERN
LIBERTIES
13
FLOOR PLAN
Unit Type 3
ROOF LEVEL
FOURTH FLOOR
THIRD FLOOR
20RD
N7.5"@
PILOT HOUSE
CL
BEDROOM 2
±12'-0" x 13'-10"
CL
BATH 2
LAUNDRY 36" VANITY
HWH
W.I.C. ±8'-7" x 7'-0"
HVA
C
MASTER BEDROOM
±17'-0" x 11'-7"
BEDROOM 1 ±10'-0" x 12'-0"
BATH 1
36" VANITY
LC D N 1 8 R @ 7 . 3 3 "
U P 2 0 R
@ 7
.5
"
72" X 36"
SHOWER
MASTER
BATHROOM
VANITY60"
OUTDOOR
OFFICE
±8'-0" x 6'-6"
LIVING ROOM ±16'-4" x 18'-2"
24" DW
DN
1
1R
@ 7.0
9"
U P 6 R
@ 7 . 0 "
UP 1
8R
@ 7.3
3"
KITCHEN / DINING
±17'-9" x 24'-6"
POWDER
ROOM
36
GROUNDBREAKING
LUXURY
TOWNHOMES
SECOND FLOOR
BEDROOM 1 BEDROOM 2 ±12'-7" x 16'-2" ±13'-4" x 16'-2"
48" VANITY
BATH 1
12R7.5"
UP 6R@
7.0"
60" VANITY
D N @
MASTER
BATHROOM
72
" X
36
"SH
OW
ER
UP 11R@
7.09
"
CL
D N 2 1 R
@ 7.7
1"
W.I.C.
±7'-6" x 5'-6"
CL
MASTER BEDROOM
±17'-10" x 11'-6"
OUTDOOR
FIRST FLOOR
GARAGE GARAGE ±12'-2" x 18'-0" ±12'-2" x 18'-0"
DN
DN
DN
9R@
7.39"
KITCHEN
DN
1
3R
@ 7.3
1"
±11'-0" x 10'-0"
DN
6R@
7.
0"
24" DW
12R7.5"
U P @
DN
UP 2
1R
@ 7.7
1"
LR/DR
FOYER - UNIT B ±17'-10" x 9'-9"
MET
ER
UNIT B
ENTRY
UNIT A
ENTRY
BASEMENT
HVAC
LAUNDRY
13R
31"
SUMP
.
7
UP @
U P 1 3 R
@ 7
.31
"
UNFINISHED
STORAGE SPACE
FINISHED
BASEMENT ±14'-9" x 17'-0"
SUMP
IN
PHILADELPHIA’S
NORTHERN
LIBERTIES
14
FLOOR PLAN
Unit Type 4
ROOF LEVEL
FOURTH FLOOR
BEDROOM 2 BEDROOM 1 ±12'-0" x 13'-10" ±12'-0" x 10'-0"
CL
CL BATH 1 36" VANITY
BATH 2
THIRD FLOOR
OUTDOOR
OFFICE ±8'-0" x 7'-0"
LIVING ROOM ±16'-4" x 18'-2"
ROOF DECK ±17'-8" x 30'-8"
20RD
N7.5"@
PILOT HOUSE
LAUNDRY 36" VANITY
LC
HWH DN
18R@
7.33
"
W.I.C. ±8'-7" x 7'-0"
U P 2 0 R @ 7 . 5 "
H V A C
72" X 36"
SHOWER
MASTER BEDROOM MASTER
±17'-0" x 11'-7" BATHROOM
VANITY60"
KITCHEN / DINING
±17'-10" x 24'-6"
24" DW DN
1
1R
@ 7.0
9"
U P 6 R
@ 7 . 0 "
UP 1
8R
@ 7.3
3"
POWDER
ROOM
36
GROUNDBREAKING
LUXURY
TOWNHOMES
SECOND FLOOR
BEDROOM 1 ±10'-0" x 12'-0"
BEDROOM 2 ±12'-0" x 12'-0"
CL
BATH 1
48" VANITY
LC
12R7.5"
UP
6R@
7.
0"
60" VANITY
D N @
MASTER
BATHROOM
SHOWER36"X72"
CL
D N 2 1 R @ 7 . 7 1 "
UP 1
1R
@ 7.09"
W.I.C.
±7'-6" x 5'-6"
CL
MASTER BEDROOM
±17'-7" x 11'-6"
OUTDOOR
FIRST FLOOR
GARAGE GARAGE ±12'-2" x 18'-0" ±12'-2" x 18'-0"
DN
DN
DN
9R@
7.39"
KITCHEN
DN
1
3R
@ 7.3
1"
±11'-0" x 10'-0"
24" DW
12R7.5"
D N
6 R
@ 7 . 0 "
U P @
DN
UP 2
1R
@ 7.7
1"
LR/DR FOYER - UNIT B
±16'-0" x 12'-0"
METER
UNIT B
ENTRY
UNIT A
ENTRY
BASEMENT
UNEXCAVATED UNEXCAVATED
HVAC
LAU
NDRY
13R
31"
SUMP
.
7
UP @
U P 1 3 R @ 7 . 3 1 "
FINISHED BASEMENT
UNFINISHED
STORAGE SPACE ±13'-8" x 21'-2"
SUMP
IN
PHILADELPHIA’S
NORTHERN
LIBERTIES
15
FLOOR PLAN
Unit Type 4A
ROOF LEVEL
ROOF DECK ±17'-8" x 30'-8"
20RD
N7.5"@
PILOT HOUSE
FOURTH FLOOR
BEDROOM 2 BEDROOM 1 ±12'-0" x 13'-10" ±12'-0" x 10'-0"
CL
CL BATH 1
36" VANITY
BATH 2 LAUNDRY
36" VANITY
LC
HWH
D N 1 8 R
@
7.
3 3"
W.I.C. ±8'-7" x 7'-0"
UP 2
0R
@ 7
.5
"
H V A C
72" X 36"
SHOWER
MASTER BEDROOM MASTER
±17'-0" x 11'-7"
BATHROOM
VAN
ITY60"
THIRD FLOOR
OUTDOOR
OFFICE
±8'-0" x 7'-0"
LIVING ROOM ±16'-4" x 18'-2"
24" DW
DN
1
1R
@ 7.0
9"
U P 6 R
@ 7 . 0 "
UP 1
8R
@ 7.3
3"
KITCHEN / DINING
±17'-10" x 24'-6"
POWDER
ROOM
36
GROUNDBREAKING
LUXURY
TOWNHOMES
SECOND FLOOR
BEDROOM 1 ±10'-0" x 12'-0"
BEDROOM 2 ±12'-0" x 12'-0"
CL
BATH 1
48" VANITY
LC
12R7.5"
UP
6R@
7.
0"
60" VANITY
D N @
MASTER
BATHROOM
SHOWER36"X72"
CL
D N 2 1 R @ 7 . 7 1 "
UP 1
1R
@ 7.09"
W.I.C.
±7'-6" x 5'-6"
CL
MASTER BEDROOM
±17'-7" x 11'-6"
OUTDOOR
FIRST FLOOR
GARAGE GARAGE ±12'-2" x 18'-0" ±12'-2" x 18'-0"
DN
DN
DN
9R@
7.39"
KITCHEN
DN
1
3R
@ 7.3
1"
±11'-0" x 10'-0"
24" DW
12R7.5"
D N
6 R
@ 7 . 0 "
U P @
DN
UP 2
1R
@ 7.7
1"
LR/DR FOYER - UNIT B
±16'-0" x 12'-0"
METER
UNIT B
ENTRY
UNIT A
ENTRY
BASEMENT
UNEXCAVATED UNEXCAVATED
HVAC
LAU
NDRY
13R
31"
SUMP
.
7
UP @
U P 1 3 R @ 7 . 3 1 "
FINISHED BASEMENT
UNFINISHED
STORAGE SPACE ±13'-8" x 21'-2"
SUMP
IN
PHILADELPHIA’S
NORTHERN
LIBERTIES
16
BUILDING SPECIFICATIONS
Overall
Standard Building Specifications • Up to 5,900 SF of living space (including basement) • Water tight 9’ high concrete walls in basement • Brick façade with metal, cement board, wood, or stucco siding • Off street parking (see site plan if appliacble) • Fiberglass roof deck and 100+ SF pilot house
suite (see site plan if applicable)
• 3+ Bedrooms • Minimum 2.5 Bathrooms • Upper floor laundry room (if permits) • Finished basement/ media room (if no garage) • Energy efficient dual zone hvac systems • Wood stairs with stained risers and treads • 10 Year tax abatement pending
Foundation • Concrete foundations, cast-in-place basement walls and basement slab • Footings and foundation walls built with reinforced bars (rebar) • Continuous vapor barrier under basement slab • Waterproof coating applied to foundation walls • Sump pump & pit in basement with french drain around perimeter
of basement
Exterior siding • Flashings and caulking as necessary to provide water-tight system • Brick façade with metal, cement board, wood, or stucco siding • All exterior wall surfaces shall receive “home wrap”
Windows • Vinyl “Jeld-Wen” or equal
Hvac • Dual zone hvac • Duct-work and exterior venting for bathroom exhaust fans • Duct-work & exterior venting for dryer venting provided
Drywall and paint • 5/8” gypsum wallboard on all locations • Double 5/8” drywall in garage • All drywall, trim, baseboard, casing to be painted with low VOC paint.
All white paint throughout
Electrical • 200 amp electrical service • Decora outlets and switches per code • Recessed lights throughout • Smoke detectors & carbon monoxide detectors hard-wired per code • Recessed lights throughout - 6” in main house & bedrooms,
low voltage in bathrooms
• Most closets lighted • Exhaust fans in each bathroom • Lighting package provided on roof & exterior
Insulation • Exterior walls on 2nd & 3rd floor - R19 • Exterior walls on ground floor - R19 • Roof insulation - R38
36
GROUNDBREAKING
LUXURY
TOWNHOMES
IN
PHILADELPHIA’S
NORTHERN
LIBERTIES
17
BUILDING SPECIFICATIONS
Overall – continued
Plumbing Finish carpentry • Kohler toilets, tubs, and bath fixtures Grohe bath fixtures and faucets • 5 1/4” flatstock baseboards • Gas HVAC system, hot water heater, dryer and oven • 3 1/2” flatstock door and window casing • Public water/sewer service • Fully enclosed stairs, hardwood treads and risers • Drain, waste and vent piping • Modern style, brushed nickel lever handles and locksets • Sump pump • 75 gallon Bradford White gas hotwater heater • Garbage disposal on all kitchen sinks • Cast iron waste lines • PEX water system • French drain in basement
Roofing • Fiberglass roofing • Aluminum flashings, roof edging, gutters and downspouts as required
Rough carpentry • 2 X 12 or TGI wood joists for floor framing and roof framing • Advantec sub-flooring shall be 3/4” tongue and groove • Zip Wall system (or similar material) sheathing on exterior walls • Sub-flooring shall be glued to floor trusses with low voc adhesive • Demising partitions shall be 2” x 6” wood studs, 16” on center with 5/8” • Zip Wall system on the exterior surface and 5/8” drywall on the interior • Front and rear exterior partition walls shall be 2” x 6” wood studs,
16” on center
• Interior partition walls shall be 2” x 4” wood studs, 16” on center Typical Ground Floor
36
GROUNDBREAKING
LUXURY
TOWNHOMES
IN
PHILADELPHIA’S
NORTHERN
LIBERTIES
18
BUILDING SPECIFICATIONS
Kitchen & Living Rooms
Living Room • 4”-5” x 1/2” engineered Flooring • 9’ 0”+ ceilings • Phone, cable and internet ready • 5 1/4” baseboard moulding • Recessed lights (6”)
Kitchen • Granite or manufactured quartz counters • Stainless steel appliances - Bosch appliance package • 3/4 HP garbage disposal • Recessed lights (6”) • Ultra Craft custom cabinetry with self close draws and contemporary
stainless hardware
• 5 1/4” baseboard moulding • 9’ 0” + ceilings • 4”-5” X 1/2” engineered flooring • Tile backsplash
Powder room • Tiled floors • Mirror over vanity • Ceiling exhaust fan
Dining room • 4”-5” X 1/2” engineered flooring • 9’ 0”+ ceilings • 5 1/4” baseboard moulding • Recessed lights (6”) • Ceiling pendant light junction box
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BUILDING SPECIFICATIONS
Secondary Bedroom Levels
Hallway • 4”-5” X 1/2” engineered flooring • 5 1/4” baseboard moulding • 8’ 0”+ ceilings • Recessed lights (6”)
Laundry/ mechanical room • Full sized washer/ dryer units - front or top loading • Tile flooring and baseboards (4” high) • Recessed lights (6”) • Custom cabinetry where applicable
Bedroom #1 - front • 4”-5” X 1/2” engineered flooring • 8.5+’-0” ceilings • Walk in closet with white laminate shelving and lighting • Phone, cable and internet ready • Recessed lights (6”) • Ceiling fan junction box
Full bathroom including: • Ultra Craft custom cabinetry with self close draws and contemporary
stainless hardware w/ marble or quartz tops
• Tiled floors and baseboard (4” high) • 5’ drop in tub with tile to ceiling • Mirror over vanity (or medicine cabinet) • Ceiling exhaust fan (panasonic or equal ultra quiet) • Recessed lighting
Bedroom #2 – rear • 4”-5” X 1/2” engineered flooring • 8.5’ + ceilings • Walk in closet with white laminate shelving and lighting • Phone, cable and internet ready • Recessed lights (6”) • Ceiling fan junction box
Full bathroom including: • Ultra Craft custom cabinetry with self close draws and contemporary
stainless hardware w/ marble or quartz tops
• Tiled floors and baseboard (4” high) • 5’ drop in tub with tile to ceiling or shower • Mirror over vanity (or medicine cabinet) • Ceiling exhaust fan (panasonic or equal ultra quiet) • Recessed lighting
Linen closet • White laminate shelving
Typical Second Floor
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BUILDING SPECIFICATIONS
Master Bedroom Level
Master Bathroom • Ultra Craft custom cabinetry with self close draws and contemporary
stainless hardware w/ marble or quartz tops
• 9’ + ceilings • Ceiling exhaust fan • Custom tile shower with frameless glass enclosure • Overhead rain shower, ceiling & handheld shower heads • Mirrors over vanities (or medicine cabinet) • 6” recessed lighting
Hallway • 4”-5” X 1/2” engineered flooring • 5 1/4” baseboard moulding • 9’+ ceilings • Recessed lights (6”)
Linen closet • White laminate shelving
Master bedroom • 4”-5” X 1/2” engineered flooring • 5 1/4” baseboard moulding • 9’+ ceilings • Up to 2 walk-in closets with built in shelving system - white
(if layout permits)
• Phone, cable and internet ready • Recessed lights (6”) • Junction box for ceiling fan
Typical Fourth Floor
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BUILDING SPECIFICATIONS
Roof Deck
Roof Deck Storage Closet (If layout permits) • Fiberglass roof deck • White laminate shelving • Hose bib (frost free) • Surface mount light fixtures
Pilot House Suite • 100+ SF • Ultra Craft custom cabinetry with self close draws and contemporary
stainless hardware w/ marble or quartz tops
• Beverage center or wine cooler • Prep sink • Recessed lights (6”) • 5 1/4” baseboard moulding • 4”-5” X 1/2” engineered flooring • Tile backsplash
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Powder Room • Tiled floors • Mirror over vanity • Ceiling exhaust fan
Basement
Basement - Main Room/ Media Room • Fully carpeted or tiled • Phone, cable and internet ready • 5 1/4” baseboard moulding
Powder Room (If applicable) • Porcelain tile flooring and baseboards (4” high) • Mirror over sink • Ceiling exhaust fan (panasonic or equal ultra quiet) • Single vanity with granite or quartz countertop
LUXURY
TOWNHOMES Typical Roof Deck Suite
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3 AREA
OVERVIEW
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PHILADELPHIA
The 6th Largest Metropolitan Area in the United States
Philadelphia is the largest city in the Commonwealth of Pennsylvania and the fourth largest metropolitan area in the United States
with over eight million residents. As the second most powerful city on the East Coast after New York, Philadelphia serves as the
business capital of Pennsylvania and one of the most important economic andcultural hubs in the country. The City is ideally
situated 100 miles from New York City and 140 miles from Washington, DC, strategically located in the epicenter of the wealthiest
corridor in the United States.
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AREA OVERVIEW
Northern Liberties, formerly known as a “red-light district," is a neighborhood in Central Philadelphia. The neighborhood extends from
Girard Avenue to Callowhill Street and from North 6th Street to the banks of the Delaware River. Northern Liberties was in existence
long before the city of Philadelphia had even been established. Its name comes from “Northern Liberties Township,” which appeared
in local legislature from the 1770s. By 1854, it was annexed to the district of Philadelphia, allowing Philadelphia to surpass Baltimore as the second largest city in the United States. Being located outside of the bustling city allowed Northern Liberties to thrive
industrially. Many manufacturing mills, factories, and plants produced the tools and commodities needed within the city. By the 19th
century, many Immigrants began to populate this area. Their heritage can still be seen today in the areas numerous and highly varied
churches. In 1985, the area was declared as a historic district that is now dedicated to preserving the Italianate, Greek Revival, and
Federal style buildings that characterize the area. Today Northern Liberties is a beautiful community with close to 4,500 residents and
known for its eclectic collection of restaurants, shops, and art galleries.
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NORTHERN LIBERTIES
Neighborhood Boundaries
Subject Property
ORTLIEB SQUARE
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PHILADELPHIA
Diversified Economy
Philadelphia’s economy has undergone a dramatic transformation
from its traditionalmanufacturing base to one driven by a variety
of industries, with a special emphasis on the healthcare and
higher education sectors. Philadelphia is home to 98 hospitals
and more than 90 institutions of higher education, which
employed more than 580,000 highly educated professionals
across the region. The Philadelphia Metropolitan Area is also home to nine Fortune500 companies, including
AmerisourceBergen, Aramark, Campbell Soup Company,
Comcast,Crown Holdings, E.I. du Pont de Nemours, and Lincoln
National, among others. In 2013, thesenine companies generated
in excess of $249 billion in annual revenues, representing nearly 67%of the Philadelphia Metropolitan Area’s gross metropolitan
product (GMP).
The city’s large and diversified economy has helped generate
a GMP of $364 billion, oneof the highest in the United States.
As of August 2014, the Philadelphia Metropolitan Area’s
unemployment rate stood at 6.7%, lower than major U.S. cities
such as Atlanta, Chicago, and LosAngeles. More recently,
Philadelphia’s fast-growing biomedical and pharmaceutical
industrieshave brought 14 major pharmaceutical firms and
nearly 100 biotech firms to the area. Eight of theworld’s largest
pharmaceutical companies are located within a 50-mile radius
of Philadelphia, including AstraZeneca, Bristol-Myers Squibb,
GlaxoSmithKline, Janssen Biotech, Merck, and Novo Nordisk.
Philadelphia is also one of the top 15 markets in the U.S. for
venture capital investment with nearly $350 million of
committed capital across 105 different investments.
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PHILADELPHIA
Diversified Economy
Within a 5-hour drive of 25% of the U.S. population • State-of-the-art international airport within a two-hour flight of half of the U.S. population
• Amtrak’s 30th Street Station serves nearly 4.2 million riders per year and offers high-speed trains to New York, Washington, DC,
and Boston
• SEPTA has the 6th largest rapid transit system by ridership in the country
• Home to 98 hospitals and over 90 institutions of higher education
• Headquarters of 9 Fortune 500 Companies with revenue of over $249 billion
• CHOP expected to add ~500 full-time doctors, researchers and other employees
• Penn Health gearing up for $1.5 billion hospital expansion, nearly doubling bed count
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PHILADELPHIA
Home to the Nation’s Leading Universities
Philadelphia’s educational leadership began in 1740 with the founding of
one of the country’s first universities, the Ivy League, world-class University
of Pennsylvania. Over 250 years later, the region is home to leading
universities specializing in biotechnology, business, finance, medicine,
and technology, which produce highly skilled graduates that continue to
stimulate Philadelphia’s economy. Philadelphia is also home to five nationally
recognized schools of medicine, including Drexel University College of
Medicine, Philadelphia College of Osteopathic Medicine, Temple University 36
School of Medicine, Jefferson Medical College, and the Perelman School of GROUNDBREAKING
Medicine at the University of Pennsylvania.
LUXURY
• Second highest number of four-year colleges in the country after TOWNHOMES
New York, with more than 90 degree-granting institutions
IN
• The second largest student population of any city on the East Coast, PHILADELPHIA’S
with approximately 368,000 students and more than 66,000 graduates
each year NORTHERN
LIBERTIES • Highly educated workforce with more than 75% of Center City residents
holding at least a Bachelor’s degree
• Drexel University strategic plan to increase student population by 10,405
students by 2021 and full time employees by 4,119 during same period.
• 32,000 students downtown with an additional 54,000 across the Schuylkill 29
4 COMPARABLE
PROPERTIES
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COMPARABLE PROPERTIES
Subject Property
ORTLIEB SQUARE
444 Fairmount Avenue 322 Brown Street
718 N. 4th Street
310 Fairmount Avenue
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COMPARABLE PROPERTIES
Comparable Sale # 1 322 Brown Street, Unit A, Philadelphia, PA Sale Date: 12/05/2014 Sale Price: $835,000
Comparable Sale # 2 718 N. 4th Street, Philadelphia, PA Sale Date: 12/03/2014 Sale Price: $750,000
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COMPARABLE PROPERTIES
Comparable Sale # 3 310 Fairmount Avenue, Philadelphia, PA Sale Date: 07/29/2014 Sale Price: $749,900
Comparable Sale # 4 444 Fairmount Avenue, Unit C, Philadelphia, PA Sale Date: 06/25/2014 Sale Price: $729,000
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5 INVESTMENT
REQUIREMENT
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EQUITY OVERVIEW
838-52 N. American Street @ 3rd Street, Philadelphia, PA 19123
Units B: 2, 4, 6, 8, 10, 12, 14, 16, 18, 20, 22, 24, 25, 27, 29, 31, 33, 35
CASH PURCHASE & REFI: 5/1 ARM 3.75%
Construction Overview Estimates: Financial Summary Estimates:
Gross Living Interior: 2,900 SF 5th Story Entertainment Suite Land Purchase Price: $166,667
No. of Bedrooms: 3 1,000 SF 5th Story Roof Deck New Construction: $378,547
No. of Bathrooms: 3.5 1 Car Garage Closing & Initial Project Management: $10,000
Finished Basement: Yes 4,025 Useable SF
New HVAC CAC: Yes Total Cost Amount: $555,214
New Water Service: Yes After Built Value (ABV/ARV): $756,000
New Gas Service: Yes ASAP Built In Equity Profit: $200,786
New Electric Service: Yes + Fee Deposit Required: $11,900
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EQUITY OVERVIEW
838-52 N. American Street @ 3rd Street, Philadelphia, PA 19123
CASH REQUIRED: $11,900 Retainer + $0 C-loan payments + $290,231 (land, initial construction draw, closing cost) = for Total
upfront cost of $302,131+ (9 future draws of $29,442.54) for a Total cash in of $567,114, a $0 C- loan; $538,095 is returned at
the Refinance from the $538,095 Refinance loan. Thus, Only $29,019 of Net Cash stays in!
Rent Economic Benefits: -$4 per year estimated negative net loss + $10,873 annual pay down of your mortgage = $10,869 annual economic
benefit from rents: $10,869/$29,019 (Cash Flow + Principal Pay Down/ Cash In) = 37.4% Return
That’s Before Your $200,786 CASH OUT PROFIT at RE- SALE! At Re-Sale you will have $217,905 Total Equity in the Property for Cash Out RETURN TO YOU
Notes: Homeowners Insurance of about $1,000 will be billed to you by Downie Insurance to insure your home during Construction. Construction
sizes, lay outs, and total financial returns are realistic estimates but vary as detailed in your disclosure contract. All Government Licensing, Taxes, &
Homeowners Association/Maintenance Fees due to legally own, maintain, or rent your property are Owner responsibilities. Estimates are involved in
this project and it can typically vary 2% - 3% - see your disclosures signed for full variable details. Any deposit on the property made by NRIA on your behalf will be refunded on the settlement statement to NRIA at closing. Financing when qualified will be
obtained for you, but after underwriting, if you cancel the financing & switch to paying by cash, there will be a $400 financing cancelation fee on
your closing settlement statement from the title company.
________________________________________________________________
Client SIGNATURE of RECEIPT
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REALTY WEALTH RENTAL PORTFOLIO BUSINESS PLAN
Date Created: 3/6/2015
Assumptions Annual Growth Property Info Purchase Price $166,667
Construction $378,547
Closing Costs $10,000
Total Purchase $555,214
Appraised Value $756,000 2.00%
Built-in Equity $200,786
Annual Taxes $400 0.00%
Annual Insurance $700 0.00%
Property Mngt Fee $50
Loan Info (refi)
Mortgage Type Full Cash Out
Mortgage Term 0%
Interest Rate 3.75% Loan to Value %
Closing Cost as % 3.00% 71.18%
First Mort % $538,095
Second Mort %
Second Mort Int Rate 0.000%
Other Info Amount Annual Growth
Rents $2,750.00 3.00%
Closing Costs $10,000
Total Initial Investment $11,900
Asap 120-180 Cash Out $0
Equity Remaining $217,905
% Equity Remaining 28.82%
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REALTY WEALTH RENTAL PORTFOLIO BUSINESS PLAN
Date Created: 3/6/2015
Year 1 Year 2 Year 3 Year 4 Year 5 Total
Monthly Revenue (Income)
Monthly Rent Revenue $2,750 $2,833 $2,917 $3,005 $3,095
Monthly CD Revenue $0 $0 $0 $0 $0
Annual CD Revenue $0 $0 $0 $0 $0 $0
Annual Rent Revenue $33,000 $33,990 $35,010 $36,060 $37,142 $175,201
Total Annual Revenue $33,000 $33,990 $35,010 $36,060 $37,142 $175,201
Monthly Expenses
First Mortgage Payment $2,492 $2,492 $2,492 $2,492 $2,492
HOA $110 $110 $110 $110 $110
Property Taxes $40 $40 $40 $40 $40
Property Insurance $58 $58 $58 $58 $58
Property Mngt Fee $50 $50 $50 $50 $50
Total Monthly Expenses $2,750 $2,750 $2,750 $2,750 $2,750
Annual Expenses $33,004 $33,004 $33,004 $33,004 $33,004 $165,020
Net Annual Income/Loss -$4 $986 $2,006 $3,056 $4,138 $10,181
Deduct: Annual Depreciation $20,190 $20,190 $20,190 $20,190 $20,190
Taxable Gain or Loss ($20,194) ($19,204) ($18,184) ($17,134) ($16,052)
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REALTY WEALTH RENTAL PORTFOLIO BUSINESS PLAN
Date Created: 3/6/2015
Year 1 Year 2 Year 3 Year 4 Year 5 Total
Economic Impact
Net Annual Rent Income/Loss -$4 $986 $2,006 $3,056 $4,138 $10,181
Year-end Property Value $771,120 $786,542 $802,273 $818,319 $834,685
Annual Increase to Prop Value $15,120 $15,422 $15,731 $16,045 $16,366 $78,685
less: Total Deferred Interest $0 $0 $0 $0 $0 $0
Tax Rate
add: Tax Benefit 36% $7,270 $6,913 $6,546 $6,168 $5,779 $32,676
Equity Remaining $217,905
Net Economic Gain $339,448
Note: Actual results will vary based upon bank margin, realty appreciation, index interest rates, and actual investment rates. Past performance is not a
guarantee of future results. See your disclosure documents reviewed and closing documents for loan details. See your tax and investment advisors for
actual tax savings and investment review. This illustration does not include tax, investment, or legal advice. For concept illustration purposes only.
The townhomes in Ortlieb’s Square are being booked quite rapidly. So, if you don’t want to miss out on the opportunity to earn a substantial equity profit or regular rental benefits, than call NRIA at 201-210-2727 or visit our website http://nria.net/ to book your luxury townhome in the first class Northern Liberties neighborhood
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5 Year Economic Benefit $339,448
Return on initial $11,900 Investment 2853%
