$3,690,518
RENTED JUN 1, 2025

1222 N 2nd St Unit 412 Philadelphia, PA 19122

Olde Kensington Neighborhood
-- Bed
1 Bath
-- Sq Ft
0.56 Acres

Highlights

  • 24-Hour Security
  • 5-minute walk to Girard (Mfl)
  • Open Floorplan
  • New Construction
  • Gourmet Kitchen
  • 3-minute walk to Thomas Hart Park

About This Home

As of June 2025

ONLY $500 SECURITY DEPOSIT AND 1 MONTH DUE AT SIGNING (INSTEAD OF 1ST, LAST, AND SECURITY).3 MONTH'S FREE PARKING FOR A LIMITED TIME. Upon entering “Corner 2nd,” you’ll be welcomed by soaring ceilings that create an expansive and luminous atmosphere, allowing natural light to permeate every corner of your living space. The units boast spacious layouts and thoughtful designs, exemplifying a meticulous attention to detail. This combination results in an ambiance of sophistication and calmness, creating an inviting and awe-inspiring environment that exudes refinement. Located in the vibrant Northern Liberties area, Corner 2nd is just a short walk away from a diverse array of shops, restaurants, cafes, and bars. Whether you’re in the mood for gourmet dining, a cozy brunch, or vibrant nightlife, all are conveniently within reach.PHOTOS ARE OF MULTIPLE LAYOUTS WITHIN THE BUILDING. Advertised rent is estimated with 3 months free rent and 3 months free parking! Reach out to listing agent for gross rents & concessions.Text the listing agent for a video tour!Utilities:Gas: $9.65Water: $34.50Electric is based on usageParking: $380

Last Agent to Rent the Property

Jerome Mangubat

(302) 359-6972 jerome@unlockedteam.com Keller Williams Main Line Listed on: 02/07/2025

Keller Williams Main Line

Last Renter's Agent

Sophia Pegram

(609) 531-4665 sophiapegram@gmail.com Keller Williams Realty - Cherry Hill License #2081228

Keller Williams Realty - Cherry Hill

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $20,213

Year Built

  • Built in 2023 | New Construction

Lot Details

  • Property is in excellent condition

Parking

  • 214 Car Direct Access Garage
  • Side Facing Garage
  • On-Site Parking for Rent
  • Parking Fee

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • Open Floorplan
  • Central Vacuum
  • Built-In Features
  • Ceiling height of 9 feet or more
  • Ceiling Fan

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Butlers Pantry
  • Double Oven
  • Stove
  • Cooktop
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Monitored
  • Exterior Cameras

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Terrace

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater
  • Public Septic
  • Cable TV Available

Listing and Financial Details

  • Residential Lease
  • Security Deposit $500
  • 13-Month Min and 24-Month Max Lease Term
  • Available 3/1/25
  • $60 Application Fee
  • Assessor Parcel Number 884588510

Community Details

Overview

  • 71 Units
  • Mid-Rise Condominium
  • Fishtown Subdivision
  • Property has 5 Levels

Pet Policy

  • Pets Allowed
  • Pet Deposit Required

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Fire and Smoke Detector

Condo Details

Home Type

Condominium

Est. Annual Taxes

$20,213

Year Built

Built in 2023 | New Construction

Lot Details

0

Parking

214

Rental Info

  • Date Available: 2025-03-01
  • Application Fee: 60.00
  • Pets: Pet Addendum/Deposit
  • Pets Allowed: Yes
  • Security Deposit: 500.00
  • Vacation Rental: No
  • Max Lease in Months: 24
  • Min Lease in Months: 13
  • Rent Spree Online Application: No

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • New Construction: Yes
  • Story List: Main
  • Year Built: 2023
  • Automatically Close On Close Date: Yes
  • Remarks Public: ONLY $500 SECURITY DEPOSIT AND 1 MONTH DUE AT SIGNING (INSTEAD OF 1ST, LAST, AND SECURITY). 3 MONTH'S FREE PARKING FOR A LIMITED TIME. Upon entering “Corner 2nd,” you’ll be welcomed by soaring ceilings that create an expansive and luminous atmosphere, allowing natural light to permeate every corner of your living space. The units boast spacious layouts and thoughtful designs, exemplifying a meticulous attention to detail. This combination results in an ambiance of sophistication and calmness, creating an inviting and awe-inspiring environment that exudes refinement. Located in the vibrant Northern Liberties area, Corner 2nd is just a short walk away from a diverse array of shops, restaurants, cafes, and bars. Whether you’re in the mood for gourmet dining, a cozy brunch, or vibrant nightlife, all are conveniently within reach. PHOTOS ARE OF MULTIPLE LAYOUTS WITHIN THE BUILDING. Advertised rent is estimated with 3 months free rent and 3 months free parking! Reach out to listing agent for gross rents & concessions. Text the listing agent for a video tour! Utilities: Gas: $9.65 Water: $34.50 Electric is based on usage Parking: $380
  • Washer Dryer Hookups YN: Yes
  • Special Features: NewHome
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Cooktop, Dishwasher, Disposal, Dryer, Icemaker, Oven - Double, Refrigerator, Stove, Washer
  • Entry Floor: 2
  • Flooring Type: Vinyl, Carpet, Hardwood
  • Interior Amenities: Breakfast Area, Built-Ins, Butlers Pantry, Carpet, Ceiling Fan(s), Central Vacuum, Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Entry Level Bedroom, Floor Plan - Open, Flat, Kitchen - Gourmet, Kitchen - Island, Pantry, Primary Bath(s), Walk-In Closet(s), Wood Floors
  • Wall Ceiling Types: 9'+ Ceilings
  • Levels Count: 5
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1222

Beds/Baths

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 214.00
  • Garage: Yes
  • Parking Features: On-Site - Rent, Parking Fee, Private
  • Garage Features: Garage - Side Entry, Inside Access
  • Attached Garage Spaces: 214
  • Total Garage And Parking Spaces: 214
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: 24 Hour Security, Exterior Cameras, Monitored, Resident Manager, Security System, Smoke Detector
  • Sewer/Septic System: Public Septic
  • Utilities: Cable Tv, Other
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Outdoor Living Structures: Balcony, Deck(s), Patio(s), Terrace
  • Property Condition: Excellent

Tax Info

  • Assessor Parcel Number: 884588510
  • Close Date: 06/01/2025

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 16, 2024
Sold by
1222 Holdings Llc
Bought by
1222 Associates Llc and Corner Second Llc
Current Estimated Value
$3,690,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,750,000
Outstanding Balance
$28,526,061
Interest Rate
6.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2019
Sold by
1222 Holdings Llc
Bought by
1222 Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,100,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 15, 2016
Sold by
Bilt Well Furnitures Mfg Co
Bought by
1222 Holdings Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1222 Associates Llc -- Chicago Title
1222 Holdings Llc -- None Available
1222 Holdings Llc $2,050,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1222 Associates Llc $28,750,000
Previous Owner 1222 Holdings Llc $3,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2025 06/01/25 Rented $2,135 +52.5% --
05/30/2025 05/30/25 Under Contract -- -- --
04/02/2025 04/02/25 Price Changed $1,400 -7.9% --
04/02/2025 04/02/25 Price Changed $1,520 +4.8% --
02/07/2025 02/07/25 For Rent $1,450 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $20,213 $13,689,800 $1,368,980 $12,320,820
2024 $20,213 $13,689,800 $1,368,980 $12,320,820
2023 $20,213 $1,444,000 $288,800 $1,155,200
2022 $14,699 $1,444,000 $288,800 $1,155,200
2021 $14,699 $0 $0 $0
2020 $14,699 $0 $0 $0
2019 $14,606 $0 $0 $0
2018 $14,607 $0 $0 $0
2017 $5,673 $0 $0 $0
2016 $5,673 $0 $0 $0
2015 $5,431 $0 $0 $0
2014 -- $405,300 $92,600 $312,700
2012 -- $120,000 $72,000 $48,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Landlord's Agent in 2025

    Jerome Mangubat

    Keller Williams Main Line

    (302) 359-6972

    25 Total Sales

    Jerome Mangubat
    Section Image
  • Sophia Pegram

    Tenant's Agent in 2025

    Sophia Pegram

    Keller Williams Realty - Cherry Hill

    (609) 531-4665

    15 Total Sales

    Sophia Pegram
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PAPH2443250

Bright MLS

APN: 881000394

Pennsylvania Philadelphia County Philadelphia 19122 Olde Kensington

1222 N 2nd St Unit 412, Philadelphia, PA

This home is located at 1222 N 2nd St Unit 412, Philadelphia, PA 19122 since 07 February 2025 and is currently priced at $3,690,518. This property was built in 2023. 1222 N 2nd St Unit 412 is a home located in Philadelphia County with nearby schools including John Moffet School, Penn Treaty School, and Al Aqsa Islamic Academy.

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