Tenderloin Neighborhood Development Corp Acquires Development Site In San Francisco For $11.35M

A development site located at 249 Pennsylvania Avenue in San Francisco has recently been sold. The property spans across 21,620 square feet and was sold for a price of $11,350,000, resulting in a price per square foot of $525. The transaction took place off-market, involving two prominent real estate agents in San Francisco, Joe Harney of Reliance Real Estate Advisors as the seller's representative and Gary Cohen of Kidder Matthews as the buyer's representative.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $11,350,000
• Square Footage: 21,620
• Price per Square Foot: $525
• Address: 249 Pennsylvania Avenue, San Francisco
• Market: San Francisco

Joe Harney, representing Reliance Real Estate Advisors, played a crucial role in representing the seller in this transaction. Meanwhile, Gary Cohen of Kidder Matthews acted as the buyer's representative for Tenderloin Neighborhood Development Corp, sealing the deal for the purchase of the development site. This off-market transaction highlights the expertise and involvement of these two highly successful real estate professionals in the San Francisco market.