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2824 Scott Street

Jason Reska Acquires San Francisco Single Family Home For $16.4M
SOLDSingle Family

Jason Reska Acquires San Francisco Single Family Home For $16.4M

2824 Scott Street

$16,375,000

$2,209/SF

Building Size

7,410 SF

Asset Type

Single Family

Closing

Sep 8, 2023

AI

A single-family home located at 2824 Scott Street in the Cow Hollow neighborhood of San Francisco has been sold for $16,375,000. The property spans 7,410 square feet and has a price-per-square-foot value of $2,210. This vacant home had been listed on the market for nearly a year at $19 million before it was sold to the buyer, Jason Reska, acting as trustee of The Scott Street Trust. The home underwent a complete rebuild, signaling a rebound in San Francisco's luxury real estate market.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $16,375,000
  • Square Footage: 7,410
  • Price Per Square Foot: $2,210
  • Address: 2824 Scott Street, San Francisco
  • Market: San Francisco

In this transaction, Jason Reska acted as the buyer and trustee of The Scott Street Trust. The deal was facilitated by brokers Lori Docherty and Neal Ward from Compass. This sale showcases the resilience and recovery of the luxury real estate market in San Francisco.

Players

Neal Ward

Compass

Broker

$93.4M

vol

6 deals

Broker

Jason P. Reska

Buyer

$32.7M

vol

2 deals

Buyer

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

0.97%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93