3 financial feasibility, market study, land appraisal

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23rd Cherry Street, Philadelphia Financial Feasibility Analysis

23rd CHERRY STREET PROJECT DEVELOPMENT MEMO Financial Feasibility Analysis To *** Real Estate LLC

Project Quick Facts •

Project Location The parcel is bounded by Cherry St, Arch St, N 23rd St, and Schuylkill River Trail. The size of this parcel is 2 acres.

N 23rd St Cherry St

Schuylkill River Trail

Arch St

John F Kennedy Blvd

Design Proposal This is a multi-family rental apartment project. The design proposal is shown in the table below. DESIGN PROPOSAL Parcel Area(S.F.) Apartment Footprint Area(S.F.) Stories Apartment Floor Area(S.F.) Common Area Percentage Common Area(S.F.) Number of Unit Unit Type One-bedroom Two-bedroom Parking Space Required by Zoning Parking Space Actually Provided Total Parking Space Area(S.F.)

Number 260 91

88,850 28,000 13 364,000 20% 72,800 351 Average Unit Size 700 1200 105 160 72,000

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