Thursday, 9 July 2015

NRIA’s Property of the Week: Bridgeview at the Waterfront

One of the hottest ongoing residential projects in Philadelphia realty market, ‘Bridgeview at the Waterfront’ is NRIA’s property of the week. Nestled between St. Christopher Columbus Blvd & Catherine Street where Queen Village meets Delaware River, ‘Bridgeview at the Waterfront’ is an exquisite complex of 75 luxury townhomes, built in modern style and with several modern amenities.

Construction work on the property will conclude in next 6 to 8 weeks, and the complex is open for rental bookings. By September, the property will be ready for renters. Like NRIA’s all previous properties, Bridgeview is being built keeping investors’ interest in mind. The highest quality material and construction process will ensure investors a high equity return as well as lucrative long-term rental benefits.

Related News: NRIA Announces Final Phase of Bridgeview Project at Delaware Waterfront

Let’s learn more about the ‘Bridgeview at the Waterfront’ complex and find out why it is one of the most talked about properties in Philadelphia.

Beautiful Location

Bridgeview complex is ideally located at the Delaware River waterfront near Penn’s Landing Heliport.  From the rooftop of each unit of this 3-story complex, a magnificent view of the Benjamin Franklin Bridge, Delaware River, and surrounding area can be observed.


Basic Property Features

Bridgeview complex is a gated community built on a total lot area of 141,931 square feet, including the parking and common open space. Depending on the location and architecture, there are 8 types of house units (A, A1, A2, A3, A4, A5, A6, and B). Gross living area for each unit varies between 2,220 square feet (Type-B) and 2,280 square feet (all others).

Enchanting House Features

Each house unit is spread across 3 floors with 3 bedrooms and 3 bathrooms. The master bedroom with attached walk-in closet and spa-like bath is at the top floor. Each unit is also provided with a fully-finished basement, an exquisite rooftop, and a choice between front or rear yard (depending on location/type of the unit).


Each unit will have a gourmet kitchen on the ground floor with granite countertop and high-end stainless steel appliances. The ground and top level will have hardwood floor while the mid-level of the units will have tiled floor.

Ideal Neighborhood

One of the best features of Bridgeview complex is its nearness from public facilities & amenities. Nearest restaurant, coffee shop, bar, grocery store, park, school, and transit facilities are all easily reachable by foot. So, dwellers will hardly need a car to run daily errands.

Best Investment Property

NRIA has built this property on a previously unused and undervalued piece of land. The quality construction of the property has raised the final appraised value of each house unit considerably. To give you a fair idea about financial benefits associated with the complex for investors, following table features details of two types of Bridgeview house units.


Type A
Type A5
Building cost*
$562,000
$548,333
Appraised value
$850,000
$850,000
Equity profit
$288,000
$301,667
RENTAL BENEFITS
Monthly rental cash-in income
$3,600
$3,600
Monthly cash-out flow
$2,522
$3,191
Positive cash flow per month
$1,078
$409
Monthly principal pay down of mortgage
$536
$697
Rent benefit per month
$1,612
$1,106
Annual net rent benefit for first year
$19,365
$13,279

* All figures are closest round value to the actual value

Undeniably, for any investors these benefits are nothing short of mouth-watering. But that’s not all. Under its unique investment plan, NRIA also provides investors a 5-year rent guarantee with professional rent collection, property management, and tenant search services.


To find out more about ‘Bridgeview at the Waterfront’ and for rental bookings, visit www.nria.net

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