Updated Dec 4, 2024
2350 Broadway LLC Acquires Single Family Property On Billionaire's Row For $23.8M
2350 Broadway
$23,800,000
$2,621/SF
Building Size
9,079 SF
Asset Type
Single Family
Closing
Mar 27, 2024
About this deal
AI
Located at 2350 Broadway, in San Francisco's Pacific Heights neighborhood, this Single Family property spans 9,079 square feet with a sale price of $23,800,000, equating to $2,621 per square foot.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $23,800,000
- Address: 2350 Broadway
- Market: San Francisco
- Buyer: 2350 Broadway LLC
- Seller: Michael Bykhovsky - Applied Financial Technology
- Buyer's Rep: Neill Bassi - Sotheby's International Realty
- Seller's Rep: Davide Pio - CBRE
The seller, Michael Bykhovsky, founder of Applied Financial Technology, extensively renovated the property, which now includes an in-ground lap pool and various luxury features. The buyer, 2350 Broadway LLC, is associated with Apercen Partners, a tax firm linked to tech billionaires.
On the Map
$23,800,000
$2,621/SF
Single Family
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Players
San Francisco Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93