2101 COOPERATIVE, INC.
2101 Cooperative, Inc. operates a 14-story residential housing cooperative in Philadelphia's Rittenhouse Square neighborhood, offering affordable share-ownership in 91 units with bundled-utility monthly carrying charges. It serves cash-paying individual and family homebuyers seeking premium Center City homeownership through a community-governed, no-assessment ownership model.
- Company typePrivate
- Founded1953
- HeadquartersPhiladelphia, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What 2101 COOPERATIVE, INC. does
2101 Cooperative, Inc. is a private residential housing cooperative operating a single 14-story building at 118 S 21st Street in Philadelphia's Rittenhouse Square neighborhood. Founded in 1953 and operational since 1955, it is Philadelphia's first cooperative and self-describes as the city's best-managed and most efficient cooperative residence. The cooperative serves individual and family homebuyers seeking affordable ownership in a premium Center City location, offering seven unit types (studio efficiency through 2-bedroom XL, ranging from 465 to 937 sq ft) priced from $72,523 to $137,395, all purchased on an all-cash basis with no financing permitted.
The cooperative generates revenue through three primary streams: (1) one-time share purchases when units turn over between shareholders ($13,700-$76,215 in reserve and administrative fees layered on the underlying share price); (2) recurring monthly carrying charges of $449-$1,152 per unit, which bundle utilities, basic cable, and real estate taxes; and (3) ancillary recurring revenue from on-site valet garage parking ($1,416/year), short-term guest suite rentals, and ground-floor commercial leases. Shareholders receive a proprietary lease (Occupancy Agreement) granting exclusive dwelling occupancy, and must pass a membership committee interview and meet minimum income and asset thresholds. Subletting is prohibited and assessments are forbidden by the Articles of Incorporation, with capital expenditures drawn from the cooperative's Reserve Fund.
The operating model is community-governed: a 10-member elected Board of Directors plus one ex-officio director oversees strategy, with day-to-day operations supported by a ~30-person staff handling hospitality, building management, and 24/7 front-desk security. Technology infrastructure is limited to a proprietary Online Building Management app that supports resident communications, package tracking, and building announcements — no AI, API, or third-party integrations are evidenced. Distribution is primarily direct (application-driven) supplemented by real estate agent listings when units become available, with 2-bedroom units carrying an estimated 6-10 year waiting period reflecting persistent demand-supply imbalance.
2101 COOPERATIVE, INC. firmographics
Firmographics- Name
- 2101 COOPERATIVE, INC.
- Legal name
- 2101 Cooperative, Inc.
- Website
- https://2101cooperative.com
- Company type
- Private
- Founded year
- 1953
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- 2101 Cooperative, Inc. operates a 14-story residential housing cooperative in Philadelphia's Rittenhouse Square neighborhood, offering affordable share-ownership in 91 units with bundled-utility monthly carrying charges. It serves cash-paying individual and family homebuyers seeking premium Center City homeownership through a community-governed, no-assessment ownership model.
- Ownership category
- akta.pro rank
2101 COOPERATIVE, INC. industry classification
Industry- Product category
- Cooperative Housing
- akta.pro primary industry
- Cooperative (Co-op) Housing Association Management (BPAJAHAC)
Keywords
Where 2101 COOPERATIVE, INC. is headquartered
LocationHeadquarters
- HQ city
- Philadelphia
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
2101 COOPERATIVE, INC. business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Share Purchase (Cooperative Ownership): Buyers purchase shares in the cooperative corporation, entitling them to a proprietary lease (Occupancy Agreement) for exclusive right to occupy a dwelling. Prices range from approximately $72,523 (Studio/Type A) to $137,395 (2BR/Type D3). NO FINANCING PERMITTED - all purchases must be cash.
- Monthly Carrying Charges: Recurring monthly fees ranging from $449 to $1,152 depending on unit type. Includes all utilities except telephone, basic cable, and real estate taxes. Premium cable and internet available at additional charge from cable provider.
- Garage Parking: On-site valet garage with discounted rates for shareholders. One-time administrative fee of $3,000 and annual fee of $1,416 ($108/month). Reduced rates for guest parking.
- Guest Suite Rental: Affordable short-term rental for shareholder guests with full kitchen, WiFi, and other amenities.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Type A - Studio/Efficiency (465 sq ft) |
| Subscription | Monthly | Type B - 1 Bedroom (523 sq ft) |
| Subscription | Monthly | Type C - 1 Bedroom Large (663 sq ft) |
| Subscription | Monthly | Type C+ - 1 Bedroom XL (732 sq ft) |
| Subscription | Monthly | Type D1 - 2 Bedroom (868 sq ft) |
| Subscription | Monthly | Type D2 - 2 Bedroom (889 sq ft) |
| Subscription | Monthly | Type D3 - 2 Bedroom XL (937 sq ft) |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
2101 COOPERATIVE, INC. product offering
Product offeringCore offering
2101 Cooperative sells shares in a residential housing cooperative corporation in Center City Philadelphia, granting buyers a proprietary lease (Occupancy Agreement) for exclusive right to occupy a dwelling unit across seven unit types (Studio through 2-Bedroom XL, 490-937 sq ft). Share purchases range from $72,523 to $137,395 (cash only, no financing), complemented by recurring monthly carrying charges of $449-$1,152 that include utilities, basic cable, and real estate taxes. The cooperative also offers building amenities including an award-winning rooftop garden, guest suite rentals, and valet garage parking for shareholders.
Product overview
2101 Cooperative is a housing cooperative offering 7 unit types for ownership through share purchases. The portfolio includes Studio Efficiency (Type A), three 1-Bedroom variants (Types B, C, C+), and three 2-Bedroom variants (Types D1, D2, D3), ranging from 490-937 sq ft with monthly carrying charges from $449-$1,152. All units include utilities, basic cable, and real estate taxes. The cooperative also provides building amenities including an award-winning rooftop garden, guest suite for shareholder visitors, valet garage parking, and a proprietary Online Building Management app for resident services. The building operates as a self-governed community with 30 staff members specializing in hospitality and building management.
Differentiator
Problem solved
Functional benefit
Products and services
- 2101 Cooperative Housing Share Ownership Philadelphia's first cooperative residence offering ownership through share purchases in the cooperative corporation, granting a proprietary lease (Occupancy Agreement) for exclusive right to occupy a dwelling unit in a 14-story building in Center City Philadelphia near Rittenhouse Square. All purchases must be cash (no financing permitted).
- Type A Efficiency Unit Studio efficiency unit (1 bed/1 bath), approximately 490 sq ft, priced at $72,523 (198 shares @ $102.00) with $449 monthly carrying charge. Currently unavailable with substantial waiting period.
- Type B 1-Bedroom Unit 1 bedroom/1 bath unit, 521-529 sq ft, priced from $78,234 (287 shares @ $102.00) with $711 monthly carrying charge. Available units include #221 and #421.
- Type C 1-Bedroom Unit Large 1 bedroom/1 bath unit, 658-667 sq ft, priced from $95,636 (378 shares @ $102.00) with $936 monthly carrying charge. Available units include #218, #414, #622, #911, and #1211.
- Type C+ 1-Bedroom Unit Large 1 bedroom/1 bath corner unit, 732-738 sq ft, priced at $105,610 with $936 monthly carrying charge. Available unit #210.
- Type D1 2-Bedroom Unit 2 bedroom/1 bath unit, 868-869 sq ft, priced at $127,400-$131,373 (465 shares @ $102.00) with $1,152 monthly carrying charge. Waiting period approximately 6-10 years.
- Type D2 2-Bedroom Unit 2 bedroom/1 bath unit, 889 sq ft, priced at $132,215 with $1,152 monthly carrying charge. Available units include #05, #06, #19, and #20.
- Type D3 2-Bedroom Unit 2 bedroom/1 bath corner unit, 937 sq ft, priced at $137,395 with $1,152 monthly carrying charge.
- Guest Suite Rental Affordable short-term rental for shareholder guests, includes full kitchen, WiFi, and other amenities.
- Valet Garage Parking On-site valet garage with reduced rates for shareholders (one-time $3,000 administrative fee plus $1,416 annual fee, or $108/month) and discounted rates for guests, offering 24-hour parking access.
Companies that use 2101 COOPERATIVE, INC.
Customer profileSegments1 record
Ideal customer profiles1 record
2101 COOPERATIVE, INC. technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
2101 COOPERATIVE, INC. partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor.
- Friends of Rittenhouse SquareminorPublic-private partnership with Philadelphia Parks & Recreation. The organization handles landscaping, lighting, restoration of fountains and fencing, and installation of doggie-bag dispensers in Rittenhouse Square. They have undertaken significant preservation and restoration initiatives, including a 2013 centennial celebration and lighting/preservation initiative.
- Philadelphia Parks & RecreationminorGovernment partner in the public-private partnership managing Rittenhouse Square. Works with Friends of Rittenhouse Square on park maintenance, security (park rangers), and restoration projects.
- Farm to CityminorOrganizes the weekly farmers' market in Rittenhouse Square held every Saturday from 10:00am-2:00pm, where local farmers sell produce and food products.
Scale indicators4 records
Recent moves6 records
Expansion highlights4 records
2101 COOPERATIVE, INC. competitors and assessment
Company assessmentBroad incumbents
- AvalonBay Communities: Large-cap residential REIT operating ~300,000 apartment units in high-density U.S. coastal markets. Comparable scale and urban-residential operating model, though structured as rental rather than resident ownership.
- Equity Residential: S&P 500 residential REIT focused on urban and high-density apartment communities, including the Northeast U.S. Comparable as a Center City-adjacent urban residential landlord, though operates a rental rather than co-op model.
- Essex Property Trust: Residential REIT operating ~62,000 apartments on the West Coast in supply-constrained, high-cost-of-living urban submarkets. Comparable business model in premium urban submarkets, though West Coast geography and rental structure differ.
- Greystar Real Estate Partners: Largest operator of multifamily residential real estate globally with significant U.S. apartment portfolio. Comparable as a broad residential operator providing on-site staffing, hospitality, and building services, though focused on rental rather than cooperative ownership.
- Mid-America Apartment Communities: S&P 500 residential REIT with ~102,000 units across the Sun Belt. Comparable as a large-scale residential operator, though Sun Belt geography and rental structure differ from 2101's Center City co-op model.
- The Related Companies: Major U.S. real estate developer and manager with extensive affordable and market-rate housing, including mixed-income cooperatives. Comparable as a large-scale operator of urban residential communities with on-site management and amenitized living.
- Tishman Speyer: Global real estate developer and operator with a long history of urban residential development including mixed-income and cooperative-adjacent projects. Comparable as an urban residential developer-operator, though portfolio spans commercial and life sciences beyond 2101's residential focus.
Others
- Fannie Mae: Government-sponsored enterprise with dedicated co-op lending programs (e.g., Fannie Mae co-op share loans). Comparable as a financial enabler and the institutional backer of U.S. cooperative housing policy, though not a residential operator.
- National Cooperative Bank: Member-owned banking institution focused on cooperative-sector lending, including housing cooperatives. Comparable as a financial counterparty enabling cooperative ownership structures; not a direct operator but a key institutional enabler for U.S. co-op housing.
Direct peers
- FirstService Residential: Largest residential property manager in North America with a major focus on cooperative and condominium buildings. Operates the same member-services model (24/7 front desk, on-site management, maintenance) that 2101 delivers with its 30-person staff.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
2101 COOPERATIVE, INC. social profiles
Digital presence2101 COOPERATIVE, INC. financial estimates
Financial estimateRevenue estimate
Valuation estimate
2101 COOPERATIVE, INC. leadership team
Management profileNumber of profiles
2101 COOPERATIVE, INC. funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
2101 COOPERATIVE, INC. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about 2101 COOPERATIVE, INC.
What does 2101 COOPERATIVE, INC. do?
2101 Cooperative sells shares in a residential housing cooperative corporation in Center City Philadelphia, granting buyers a proprietary lease (Occupancy Agreement) for exclusive right to occupy a dwelling unit across seven unit types (Studio through 2-Bedroom XL, 490-937 sq ft). Share purchases range from $72,523 to $137,395 (cash only, no financing), complemented by recurring monthly carrying charges of $449-$1,152 that include utilities, basic cable, and real estate taxes. The cooperative also offers building amenities including an award-winning rooftop garden, guest suite rentals, and valet garage parking for shareholders.
Is 2101 COOPERATIVE, INC. a public or private company?
2101 COOPERATIVE, INC. is a private company. It is classified as management employee owned and is currently operating.
When was 2101 COOPERATIVE, INC. founded?
2101 COOPERATIVE, INC. was founded in 1953. It employs 11 to 50 people.
Where is 2101 COOPERATIVE, INC. based?
2101 COOPERATIVE, INC. is headquartered in Philadelphia, United States, in the North America region.
How does 2101 COOPERATIVE, INC. make money?
Four revenue lines are on record. Share Purchase (Cooperative Ownership) is the primary driver. The others are monthly Carrying Charges, garage Parking and guest Suite Rental.
Who are 2101 COOPERATIVE, INC.'s main competitors?
Broad incumbents on record are AvalonBay Communities, Equity Residential, Essex Property Trust, Greystar Real Estate Partners, Mid-America Apartment Communities, The Related Companies and Tishman Speyer. Others are Fannie Mae and National Cooperative Bank. FirstService Residential is listed as a direct peer.
Does 2101 COOPERATIVE, INC. have an API?
No public API is recorded for 2101 COOPERATIVE, INC..
What industry is 2101 COOPERATIVE, INC. in?
2101 COOPERATIVE, INC.'s product category is Cooperative Housing. Its primary akta.pro industry code is BPAJAHAC, Cooperative (Co-op) Housing Association Management.