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2350 Broadway LLC Acquires Single Family Property On Billionaire's Row For $23.8M

Property Image
SOLD
$23,800,000

California

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Single Family9,079 SF
Sold 03/27/2024
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Property Image
SOLD

2350 Broadway LLC Acquires Single Family Property On Billionaire's Row For $23.8M

2350 Broadway

See Similar Deals
Single Family9,079 SF
Sold 03/27/2024
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$2,621
Total Square Footage:9,079 SF
Transaction Type:Sale

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.

Players

Davide Pio
BCRE
Davide Pio
2 deals$23.8M volume(510) 815-2000
BROKER

Details

SOLD
IMAGE: 03/27/2024 ADDRESS: 2350 Broadway MARKET: San Francisco ASSET TYPE: Single Family 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 SALE PRICE: $23,800,000 SF: 9,079 ~ PPSF: $2,621 NOTE: 2350 Broadway, just blocks from Billionaire’s Row in San Francisco’s Pacific Heights neighborhood, sold in an off-market deal for $23.8 million, surpassing this year's $20-million threshold and ranking among the city's priciest deals. The seller, Michael Bykhovsky, founder of Applied Financial Technology, renovated the home extensively, including an in-ground lap pool and other luxury features. The buyer, 2350 Broadway LLC, represented by Neill Bassi of Sotheby’s International Realty, remains undisclosed, though the LLC is registered to Apercen Partners, a tax firm associated with tech billionaires.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,269,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$84,556.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$112,824.14
Annual Debt Service$1,353,889.71