767 Bryant Street #403 hit the market yesterday in what would appear to be the first attempted resale in the building. And while this condo was originally priced by the developer at $1,100,000 a year ago, today it’s listed at $1,249,000 (although it will be sold “staged and furnished”).
At the same time, at least eight (and as many as twelve) of the original 20 condos at 767 Bryant remain available for (a first time) sale. And yes, that’s despite the remodeling, reductions, incentives (including free cars), and an outright plea for “any offers.”
∙ Listing: 767 Bryant Street #403 (1/2) – $1,249,000 [Coldwell Banker via Pacific Union]
∙ Inside 767 Bryant [SocketSite]
∙ 767 Bryant: The Apartments Condominiums [SocketSite]
∙ Take Two For A Few Of The Condos At 767 Bryant [SocketSite]
∙ 767 Bryant: A Sales Update (And Reduction) [SocketSite]
∙ Buy A Condo Get A Car At 767 Bryant [SocketSite]
∙ Another Chance To Make An Offer (Any Offer) In San Francisco [SocketSite]
This is a joke. They really can’t be serious…
It’s only a 1 bedroom and maybe 1000sqft at most?
So that comes out to ~$1250/sqft for a unit in a complex that still have ~50% inventory in a questionable (bad) location with a desparate developer that can’t sell no matter what they give away.
This is the kind of pricing we expect to see at Regis, Ritz, Infinity, but 767 Bryant??? Pleeaasseee….
767 Bryant is a prime example of a small-time builder getting in way over their head. At the same time, they are shooting themselves in the foot and have no one to blame. The units are layout challenged, but had they used a professional firm like Vanguard Associates for marketing promotion, they might be seeing much better results. Their situation is analogous to a flipper who is desperate to sell the house (as they are close to being underwater), yet nickel and diming on items that would really help move the property.
that just looks like a lousy deal no matter what….reading about this before I remember how cheap this place looked and yet it was listed for a million + bucks.
plus it is not like the location is super primo either, it’s not bad but it’s not one’s first choice. if it had better amenities, then yeah, sure I’d pay a million bucks. well, maybe.
Price calcs to $624 a foot. About what I would expect for that area. At least there are a lot of police nearby if you need them!
The listing says the unit is 2000 SF. If accurate, that makes the price $625 per sq ft.
(anon at 11:34 beat me to the response to the assertion that the unit is $1250/SF)
Ok, now the pacunion site is back up I see it’s 2000sqft. Strange, judging from the layout it certainly doesn’t look 2000sqft (which would be huge for a 1 bedroom). Looks closer to 1000 to 1400sqft. Whoever buys the place better re-measure the place….
It’s a loft. Doesn’t that mean you get to double count the square footage in the portion that’s double height? That’s what they taught me in Realtor (TM) School. Or was it mortgage banking school? Mortgage bond rating school? I get them mixed up. But I digress…
This one says it has 30 ft ceilings, so maybe they counted that square footage 3X.
Off topic for this property, but on par for pricing to match the market….anyone catch the latest advice from Leslie?
http://www.pe.com/business/local/stories/PE_Biz_D_appleton-young07.33453a8.html
You got to love the fact that SocketSite has more information (floorplan pic) than the listing agent, seems like the developer and relator are both working on the cheap.
This pig needs lipstick on a number of fronts!
From looking at the plans and assuming standard width doors, I’m calculating the bottom level is roughly 42.5ft in each direction..so the bottom area alone would be 1750sf. That is pretty huge amount of space for a loft. I’ve seen many 45′ long lofts (my previous unit was 45′ by 14′) but very few this big in both directions.
i’m familiar with this unit. it is about 42ft in both directions–lots of space and great light, and the owners have made some good upgrades.
then again, the ceilings are definitely not 30ft–try 15. and the elevator in the building doesn’t always work…
yeah, this unit is nice enough, but the building was put together by monkeys, cheap ones at that. I had the misfortune of being in this building during a power outage and they had no emergency lighting in the stairwell, zero natural light and I had to literally feel my way out of the building. So upgrading finishes may not be enough to turn a lemon into a rose.