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Stone Real Estate Holdings LLC Acquires San Francisco Single Family Home For $29.15M

Property Image
SOLD
$29,150,000

California

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Single Family11,635 SF
Sold 08/20/2024
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Property Image
SOLD

Stone Real Estate Holdings LLC Acquires San Francisco Single Family Home For $29.15M

2799 Broadway

See Similar Deals
Single Family11,635 SF
Sold 08/20/2024
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Summary

CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$2,505
Total Square Footage:11,635 SF
Transaction Type:Sale

The property at 2799 Broadway, situated in the San Francisco market, is a single-family home comprising 11,635 square feet. It was sold for $29,150,000, reflecting a price per square foot of $2,505. The residence previously listed for $39 million and features a British pub located in the basement, designed by Ken Fulk.

Summary of transaction details:

Michael and Xochi Birch have completed the transaction, having sold their property at a price slightly above their purchase price from 2008. The transaction marks the second-largest real estate deal in San Francisco for the year.

Players

Deborah Svoboda
1 deal$29.2M volume
BROKER

Dan Dodd
Vanguard Properties
1 deal$29.2M volume(415) 577-9462
BROKER

Dan Dodd
Vanguard Properties
1 deal$29.2M volume(415) 577-9462
BROKER

Details

SOLD
IMAGE: Dan Dodd, Deborah Svoboda, Xochi Birch & Michael Birch DATE: 08/20/2024 ADDRESS: 2799 Broadway MARKET: San Francisco ASSET TYPE: Single Family BUYER: Stone Real Estate Holdings LLC SELLER: Michael & Xochi Birch BUYER'S REP: Dan Dodd - Inspire Real Estate (@InspireRealEstatesfbayarea) SELLER'S REP: Deborah Svoboda - Sotheby's International Realty (@SothebysRealty) SALE PRICE: $29,150,000 SF: 11,635 ~ PPSF: $2,505 NOTE: Michael and Xochi Birch have sold their 11,635-square-foot Gold Coast home for $29.15 million, slightly more than their 2008 purchase price. Originally listed for $39 million, the property, which includes a British pub in the basement and was designed by Ken Fulk, is the second-largest San Francisco real estate deal this year.

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$103,563.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$138,185.87
Annual Debt Service$1,658,230.46