Located at 112 & 120 N. 2nd St.
(and spanning several addresses like 113 & 133 N. Bread St. in 19106).
If you’re looking for a mix of “industrial cool” and gated security, this is your spot.
The National Condominiums sit on the historic site of the former National Restaurant Supply Company. After a massive fire in the late 90s (I lived a block away at the time, and it was indeed a massive fire) the site was re-imagined into a sophisticated collection of contemporary lofts and townhomes.
What makes it unique? It is one of the few gated communities in Center City.
The Vibe: “Soft Loft” Luxury
The National doesn’t try too hard; it just looks good. Residents enjoy a “soft loft” aesthetic that balances warmth with industrial grit.
- Architectural Details: 11-foot exposed concrete ceilings, oversized windows, and decorative spiral ductwork.
- The Layout: The complex consists of three mid-rise buildings surrounding a private, professionally landscaped courtyard. The stacked townhomes within the complex are highly sought after for their width and “house-like” feel in the middle of a dense urban neighborhood.
Market Snapshot: Sales Trends at The National
The National has consistently been a “sweet spot” for buyers who want Old City charm without the higher condo fees found in full-service high-rises.
Based on recent market data, the building has seen steady appreciation, with high-end units and those with deeded underground parking commanding significant premiums.
Historical Sales Data & Performance
| Year | Units Sold | Highest Sale Price |
| 2021 | 16 | $895,000 |
| 2022 | 10 | $1,040,000 |
| 2023 | 5 | $650,000 |
| 2024 | 8 | $1,095,000 |
| 2025 | 8 | $625,000 |
Pro Tip: Not every unit at The National comes with a parking spot. In 19106, a deeded underground spot can add $50,000–$75,000 to the resale value. If you find a unit with parking, grab it.
Amenities & Lifestyle
While The National doesn’t have an on-site pool, it trades “frills” for lower monthly fees and security.
- Security: Gated entrances and secure elevator access.
- Parking: Two levels of underground, deeded parking (a rare luxury in Old City).
- Pet Friendly: Very welcoming to furry residents (usually up to 2 pets).
- The “Sweet Spot” Location: You are steps away from Race Street Cafe, Tomo Sushi, and the Cherry Street Pier. With a Walk Score of 100, you’re in the heart of the action but tucked away behind the gates for total peace.
What’s included in the Condo Fee?
One of the most common questions I get at CenterCityCondos.com is about the monthly carrying costs. Fees at 112 N. 2nd St. et al., typically cover:
- Common Area Maintenance & Landscaping
- Extensive Gated Security Systems
- Snow & Trash Removal
- Master Building Insurance Policy
- Professional Property Management
An additional condo fee applies to those who own a parking space.
Is The National Right For You?
If you value privacy, love the look of exposed ductwork and concrete, and want to be in the 19106 zip code, The National should be at the top of your list.
Why buyers love it:
- Views: Upper-floor units offer stunning views of the Ben Franklin Bridge and the Delaware River.
- Outdoor Space: Many units feature small private balconies
- Stability: The building is professionally managed with a strong track record of maintenance.
- Pet-Friendly and options for parking
- Proximity to SEPTA’s Market-Frankford line
Looking to Buy or Sell at The National?
As the expert behind CenterCityCondos.com, I know the nuances of these units—from which floor plans offer the most light to which buildings within the complex are the quietest. Know that all tax abatements for the National Condominiums have expired.
Drop me a note at Mark@CenterCity.com or call 267.237.3404 to see the current inventory or get a custom valuation for your National condo!
If you like the industrial feel of The National, you might also want to compare it to York Square Condos or Bridgeview Place.
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