5 Essential Facts About The Massive New Development At 2061 N 62nd St, Philadelphia (Built 2025)

The address 2061 N 62nd St in Philadelphia, PA 19151, has recently become a focal point of development in the Overbrook neighborhood, representing a significant investment in the area's residential future. This property is not an old listing or a standard single-family home; it is a brand-new, large-scale apartment complex, often referenced alongside the adjacent 2061-63 N 62nd St address, marking its status as a major new construction project. As of December 2025, this state-of-the-art building is actively shaping the local real estate investment landscape and the rental market in West Philadelphia. This new development, officially completed and listed in 2025, is a prime example of the ongoing revitalization in the 19151 zip code, offering residents a blend of modern elegance and urban convenience. The building’s history is short but impactful, having quickly transformed a parcel of land into a multi-unit residence that caters to the growing demand for contemporary apartment living in the Overbrook West Neighbors area. Its recent completion makes it one of the freshest topics in Philadelphia's current property records and housing market discussions.

Biography of a Building: The 2061 N 62nd St Development Profile

The structure at 2061 N 62nd St is less a traditional home and more a major residential complex, making its profile a summary of its physical and economic impact on the community.

• Primary Address: 2061 N 62nd St, Philadelphia, PA 19151.
• Alternate/Combined Address: 2061-63 N 62nd St (often used in public records and listings).
• Neighborhood: Overbrook (specifically within the Overbrook West Neighbors area).
• City/State: Philadelphia, PA.
• Year Built: 2025 (Confirmed as New Construction).
• Property Type: Multi-unit Apartment Building (Some records suggest Mixed-Use potential).
• Total Units: 35 Residential Units.
• Total Square Footage: Approximately 35,000 sq ft.
• Status: Newly constructed, currently leasing various units (e.g., 2-bedroom, 1-bathroom layouts).
• Local Council District: 4th District (associated with Councilmember Curtis Jones, Jr.).

This building represents a substantial new addition to the Philadelphia housing inventory, offering brand-new facilities in an established residential neighborhood.

The New Construction Boom: Why 35 Units Matter to Overbrook

The development at 2061 N 62nd St is a significant marker of a development boom in the western part of the city. The sheer scale of the project—a 35-unit apartment building spanning 35,000 square feet—highlights a trend of increased density and modernization in areas like Overbrook. This is a departure from the traditional row homes that characterize much of Philadelphia County, introducing a modern, multi-story structure to the streetscape. The "New Construction" designation is a major selling point, as tenants are offered contemporary layouts, updated appliances, and features like secure entry, which are highly desirable in the current rental market. The availability of these modern amenities contrasts sharply with older housing stock, creating a new benchmark for apartment living in the area. The fact that the building was completed in 2025 means the information on its listings and features is as fresh as possible, attracting a new wave of renters to the 19151 zip code.

Real Estate and Rental Market Analysis in the 19151 Zip Code

The new development directly impacts the real estate and rental price history of the surrounding communities. The Overbrook neighborhood, situated near areas like Cobbs Creek, Dunlap, and West Parkside, is seeing a rise in rental demand. The introduction of 35 new units affects the overall supply and can influence the median rental rates, which are currently trending around $1,400 for the Overbrook area. The building's presence signals confidence from real estate investors in the long-term growth and stability of West Philadelphia. While the property itself is off-market for sale and focused on rentals, its existence is a powerful economic indicator. Investors look at the success of projects like 2061 N 62nd St to gauge the viability of future development projects in the vicinity. The property's listing on various platforms, often showing units with 2 bedrooms and 1 bath, provides transparent rental price history and details to prospective tenants.

Community Context: Overbrook West Neighbors and Local Engagement

The Overbrook West Neighbors community organization has a vested interest in the development along N 62nd Street. New construction projects often involve discussions about zoning, community impact, and infrastructure. The organization’s focus on fostering economic growth and community-driven development means that large projects like this are closely monitored to ensure they align with the neighborhood's vision. The development is geographically positioned in an area with established community resources and local political representation, including the office of PA 7th District St. Senator Vincent Hughes and PHLCouncil 4th District Councilmember Curtis Jones, Jr., whose offices are often points of contact for residents regarding new housing and infrastructure. This interconnectedness ensures that the Overbrook community remains an active participant in the changing face of its housing market.

The Future of 2061 N 62nd St and West Philadelphia Development

As a newly completed structure in 2025, the building at 2061 N 62nd St is poised to become a stable, long-term residential asset. Its modern design and large capacity make it a key contributor to addressing the need for more diverse and contemporary Philadelphia housing options. The continued success of leasing all 35 residential units will likely spur further new construction residences in the surrounding 19151 zip code and throughout West Philadelphia. The focus now shifts from construction to property management and the integration of the new residents into the vibrant Overbrook community.

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