Penn Center House Co-ops - Philadelphia, PA

Impressions

Penn Center House is a large co-operative development. It was built in 1959

Pros

  • The location is excellent, 4 blocks from Rittenhouse Square, 5 blocks from City Hall, 8 - 10 blocks from theaters and concert halls on Broad St. 
  • Monthly fees are reasonable. When you consider that utilities, basic cable and real estate tax are included it's an excellent deal. There is a fee for use of the gym
  • As this is a co-op, there is no transfer tax when buying or selling a unit. You also don't need to pay transfer tax.
  • Amenities are excellent, including a the large rooftop deck that affords views of the Philadelphia skyline, a gym, a library and community room
  • Excellent outdoor space. More than one third of the units in the building have good-sized terraces
  • Very secure. 7/24/365 coverage in the lobby 
  • On-site management and maintenance staff.

Cons

  • Pets are not allowed
  • There is a significant administrative fee due at settlement. Purchase must be in cash
  • Penn Center House is not a market value co-op. Co-op shares, which equate to apartments, are inexpenive to purchase but you will not realize significant appreciation on sale
  • There are few units 1200 sq ft or larger

Compare To

Penn Center House Fast Facts

Address: 1900 John F Kennedy Blvd, Philadelphia, PA 19103
Price Range (thousands): $55 - $150
Bedrooms:  0 - 2
Total Units: 431
24-Hr Doorman or Lobby Attendant:  Yes
Parking Facilities:  Garage
Pets: No
Washer/Dryer In Unit:  Yes
Unit Sq Footage Range:  455 - 1350
Approximate Condo Fee Range:  $460 - $600
Number of Elevators:  
Included Basic Services:  Common Area Maintenance, Exterior Maintenance, Management, Snow Removal, Trash Removal
Additional Amenities:  Cable TV, Community Room, Gym, Library, Rooftop Deck, Utilities
Year Built:  1959
Style:  Hi-Rise Unit/Flats, 1 Building, 20 Stories
Management Company:  
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