Greg MacDonald Of Ballast Acquires Three Sisters Multifamily Portfolio In San Francisco For $48.5M

The asset involved in this transaction is a multifamily property located at 1725, 1735 & 1755 Van Ness Avenue in San Francisco. The sale price for this collection of three adjacent six-story multifamily buildings totals $48,500,000. The property comprises 110 units, with a price per unit of $440,909. Built in 1928, the asset is 97% occupied and features ground-floor retail, preserved historic details, and shared amenities. Its location provides access to Polk Street retail, as well as nearby parks and transit options.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $48,500,000
• Buyer: Greg MacDonald
• Buyer's Company: Ballast
• Units: 110
• Price Per Unit: $440,909
• Market: San Francisco

Greg MacDonald represented Ballast in the acquisition of the "Three Sisters" portfolio. This transaction reflects a strategic investment in a prime location along the Van Ness corridor, enhancing Ballast's multifamily asset portfolio in a competitive market.