Updated Jan 14, 2025
Kenneth And Rebecca Moss Purchase Condo At 488 Folsom Street For $11.25M With Butch Haze
488 Folsom Street
$11,250,000
$2,616/SF
Building Size
4,300 SF
Asset Type
Condo
Closing
Jan 14, 2025
About this deal
AI
A condo located at 488 Folsom Street in San Francisco was sold for $11,250,000. This property spans 4,300 square feet, resulting in a price per square foot of $2,616. The transaction represents a significant sale in the neighborhood, being the largest condo transaction in over two years.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $11,250,000
- Buyer: Kenneth & Rebecca Moss
- Seller: Derec Lacio - Related California
- Broker: Butch Haze - Compass
- Square Footage: 4,300
- Price Per Square Foot: $2,616
Butch Haze of Compass represented both the buyers, Kenneth and Rebecca Moss, and the seller, Derec Lacio from Related California, in this transaction. The sale at The Avery in San Francisco’s East Cut highlights a notable achievement in the local real estate market.
Players
San Francisco Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2.6K per square foot on a published $11.3M for 4,300 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93