As we wrote in February with respect to the penthouse atop the Brannan’s tower one:
Purchased as new for $3,980,000 as the dotcom days were in decline in December 2000, the Brannan’s tower one penthouse #18D resold for $2,810,000 in August 2005 at which point its HOA dues were $780 per month.
The HOA dues for 219 Brannan #18D are now $999 per month and the 2,005 square foot condo is back on the market and listed for $3,310,000. Call it 17 percent ($670,000) under 2000, but 18 percent ($500,000) over 2005 at asking for the penthouse.
The sale of 219 Brannan Street #18D closed escrow yesterday with a reported contract price of $2,942,500. Call it 26 percent ($1,037,500) under 2000, but 5 percent ($132,500) over 2005 for the South Beach penthouse in 2012.
∙ From The Dotcom Days To Today As Viewed From A Penthouse [SocketSite]
∙ San Francisco Employment Trends And Dot-Com Context [SocketSite]