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1900 John F. Kennedy Boulevard, Philadelphia, PA 19103

What is Cooperative Housing? | Penn Center House

what is cooperative housing

When exploring homeownership options, many people are unfamiliar with the concept of cooperative housing. So, what is cooperative housing, and why might it be a smart alternative to traditional ownership or renting? A housing cooperative (or co-op) is a residential building owned and operated by a corporation made up of its residents. Instead of purchasing … Read more

A Comprehensive Overview of Proprietary Lease Agreements

proprietary lease

In cooperative housing, a proprietary lease is a unique legal contract granting a shareholder the right to occupy a specific unit in the building. Unlike buying a condominium, residents don’t own real estate directly; instead, they own shares in the cooperative corporation, and the proprietary lease (also called an occupancy agreement) formalizes their rights and … Read more

Discover the Allure of a Rooftop in Center City at Penn Center House

rooftop in center city

Looking for a home that combines comfort, convenience, and unbeatable views? At Penn Center House, you don’t have to compromise. Located in the heart of Philadelphia, our cooperative community offers more than just great value; it features a highly coveted amenity: an accessible rooftop in Center City that enhances your lifestyle in more ways than … Read more

Reasons to Own Residential Property in Philadelphia Today

For those considering investing in residential property, there’s no better time to make the move than in Philadelphia! With a unique blend of historic charm, vibrant culture, and urban convenience, Philadelphia offers a dynamic and fulfilling way of life. Philly is considered the city of brotherly love, and at the heart of it all is … Read more

5 Advantages of Having a Fitness Center Where You Live

residents running on treadmills

At Penn Center House, we understand that living a healthy, active lifestyle is important for both physical and mental well-being. That’s why we’re proud to offer residents convenient access to our on-site fitness center, providing the perfect place to stay fit without leaving the comfort of your building. If you’re searching for a “fitness center … Read more

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1900 John F Kennedy Blvd,
Philadelphia, PA 19103

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