Ballast Investments Acquires Multifamily Property In San Francisco For $15.6M

Located at 899 Green Street in the bustling market of San Francisco, this multifamily property was recently sold in a closed transaction. The property spans 25,000 square feet, offering ample space for its occupants. The sale took place on October 25, 2022, with a sale price of $15,600,000. This amounts to a per unit price of $410,526, considering the property's 38 units. The price per square foot stands at $624.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $15,600,000
• Address: 899 Green Street, San Francisco
• Units: 38
• Price per Unit: $410,526
• Square Footage: 25,000
• Price per Square Foot: $624

Ballast Investments, represented by Greg MacDonald and Ryan Brewer, along with The Carlyle Group, emerged as the buyers in this transaction. Compass Commercial, with brokers Stephen Pugh and Jay Greenberg, handled the deal on behalf of the buyer. Their expertise and negotiation skills played a crucial role in ensuring a successful transaction.