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Sold for thirty million below initial asking price

By tovarichpeter follow tovarichpeter   2012 Dec 12, 8:30am 731 views   3 comments   watch   nsfw   quote   share    


Sitting on Broadway in San Francisco, otherwise known as the Gold Coast and Billionaires Row, 2901 Broadway has closed escrow for $28,850,000 which goes down in the record books as the third most expensive real estate transaction in San Francisco history.


1   rooemoore   ignore (1)   2012 Dec 12, 9:53am     ↓ dislike (0)   quote   flag      

"Property tax records show only $7,900 was paid to the city last year. The city can expect to receive at least $300,000 more annually going forward."

2   Peter P   ignore (0)   2012 Dec 13, 4:24pm     ↓ dislike (0)   quote   flag      

Looks like $30M is about the ceiling. Wasn't the St. Regis penthouse also sold for about $28M?

SF lacks oil money.

3   fedwatcher   ignore (1)   2012 Dec 15, 11:02am     ↓ dislike (0)   quote   flag      

$300,000 of new tax revenue without prop 30!

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