- 3 beds
- 4 baths
- 2,805 sqft
- $695 per sqft
- 1920 build
Introducing Residence 4 at 124 N. 2nd Street - a rare, full-floor residence located in one of Philadelphia’s most exclusive and historically rich neighborhoods. Developed by the esteemed Astoban Investments, known for architecturally distinctive and design-forward projects, this newly constructed boutique condominium features just four private homes - each occupying an entire floor for an exceptional blend of privacy, scale, and sophistication. Spanning 2,805 square feet, Residence 4 is accessed via a private elevator that opens into a dedicated reception vestibule reserved exclusively for this unit. Behind the building’s classic 1920s façade, the interiors have been completely reimagined with clean architectural lines, high ceilings, and oversized windows that bathe the space in natural light from morning through dusk. Wide-plank Austrian oak flooring adds warmth and refinement, complementing the home’s airy, contemporary layout. At the center of the residence is an Italian-imported Scavolini kitchen, a sculptural showpiece with minimalist cabinetry and bookmatched Compac Unique Calacatta countertops. Designed for both beauty and performance, the kitchen is outfitted with a suite of professional-grade appliances, including a 36” Wolf gas range, Sub-Zero refrigerator, Wolf microwave, ASKO dishwasher, and wine fridge. The oversized island anchors the expansive open living and dining areas, creating an ideal setting for both intimate evenings and stylish entertaining. Three spacious bedrooms each offer custom walk-in closets and en-suite baths for the ultimate in comfort and privacy. The primary suite serves as a tranquil retreat, featuring radiant-heated floors, an oversized glass-enclosed steam shower, a deep soaking tub, and dual floating Scavolini vanities. Bathrooms throughout are finished with Porcelanosa marble, mosaic, and porcelain tile, and enhanced by designer fixtures from Fantini, Dornbracht, Grohe, and Hansgrohe - blending modern minimalism with quiet elegance. Thoughtful design and premium finishes continue throughout the home, including 8-foot solid-core interior doors, frameless glass showers, and custom cabinetry and organization systems by Culnova and Inspired Closets. The residence is also equipped with a full-size Whirlpool washer and dryer, a two-zone Daikin HVAC system for efficient climate control, ButterflyMX video intercom for secure entry, and Nest x Yale keyless access for modern convenience. One garage parking space is included with the residence. A full 10-year property tax abatement adds significant long-term value. Entirely new construction within the shell of a historic Philadelphia building, Residence 4 at 124 N. 2nd Street offers the rare opportunity to own a home that combines timeless architectural character with the finest in contemporary design. With only four residences in the building and unmatched access to Old City’s dining, art, and cultural scene, this is luxury boutique living at its best.
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Last updated Jul 16, 2025
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MLS# PAPH2516962 —
The Building
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Year Built:1920
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Year Built Source:Estimated
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Year Major Reno/Remodel:2024
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New Construction:Yes
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Construction Materials:Masonry
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Construction Completed:Yes
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Unit Building Type:Mid-Rise 5 - 8 Floors
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Structure Type:Unit/Flat/Apartment
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Architectural Style:Loft with Bedrooms, Unit/Flat
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Levels:6
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Elevators:1
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Entry Floor Number:4
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Security Features:Security System
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Accessibility Features:Elevator
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Basement:No
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Unit Number:4
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Total SqFt Source:Estimated
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Total Below Grade SqFt Source:Estimated
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Above Grade Finished Area Units:Square Feet
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Above Grade Finished SqFt:2805
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Above Grade Finished SqFt Source:Estimated
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Below Grade Finished Area Units:Square Feet
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Below Grade Unfinished Area Units:Square Feet
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Below Grade Finished SqFt Source:Estimated
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Below Grade Unfinished SqFt Source:Estimated
Interior
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Interior Features:Bathroom - Walk-In Shower, Built-Ins, Dining Area, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Walk-in Closet(s)
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Floors In Unit:1
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:2805
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Living Area SqFt:2,805 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional
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Possession:Immediate, Settlement
Location
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Directions:2nd Street Cross Street Arch st and Race st
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Cross Street:Quarry
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Latitude:39.95266000
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Longitude:-75.14349000
The Property
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Property Type:Residential
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Property Condition:Excellent
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Zoning:CMX3
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:LC1
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (610) 812-2257
- Office phone:
- (215) 627-3500
Taxes
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Tax ID Number:888000182
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Tax Year:2024
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Tax Lot:389
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Tax Annual Amount:$25,196
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Tax Assessed Value:$1,800,000
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Year Assessed:2024
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School Tax:14110.0
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City/Town Tax:11086.00
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Total Taxes Payment Frequency:Annually
Beds
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Bedrooms:3
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Bedrooms Main Level:3
Baths
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Total Baths:4
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Full Baths:3
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Half Baths:1
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Main Level Baths:4.00
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Main Level Full Baths:3
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Main Level Half Baths:1
Heating & Cooling
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Cooling Type:Central A/C
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Central Air:Yes
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Zoned
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Tankless
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Water Source:Public
Appliances
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Appliances:Built-In Microwave, Commercial Range, Dishwasher, Dryer, Freezer, Range Hood, Refrigerator, Washer, Oven/Range - Gas
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Laundry Type:Dryer In Unit, Washer In Unit
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Washer/Dryer/Hook Up in Unit:Yes
Schools
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School District Name:The School District Of Philadelphia
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School District Source:Listing Agent
The Community
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Subdivision Name:Old City
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Senior Community:No
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Pool:No Pool
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Association Recreation Fee:No
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HOA:No
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Condo/Coop Association:Yes
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HOA/Condo/Coop Amenities:Elevator, Security
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Condo/Coop Fee:$1,028.84
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Condo/Coop Fee Frequency:Monthly
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HOA/Condo/Coop Fee:Common Area Maintenance, Ext Bldg Maint, Management, Trash, Snow Removal
Parking
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Total Garage and Parking Spaces:1
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Garage:Yes
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Garage Features:Covered Parking
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Garage Spaces:1.00
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Type of Parking:Detached Garage
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# of Detached Garage Spaces:1
Extra Units
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Vacation Rental:No
Monthly cost estimate

Asking price
$1,950,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$10,441
|
Taxes | $2,099 |
Insurance | $536 |
HOA fees | $1,029 |
Utilities | $241 See report |
Total | $14,346/mo.* |
*This is an estimate |
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/16/25
Jul 16, 2025
|
Listed / Active | BRIGHT | $1,950,000 |