As we outlined this past August, the upgraded 1,400-square-foot Yerba Buena Loft unit #523 at 855 Folsom Street, which was designed by Stanley Saitowitz and is “one of the area’s most sought after addresses,” is outfitted with two bedrooms, two baths and a private 400-square-foot south facing terrace (along with a deeded parking space in the building’s garage).

Purchased for $1.515 million in September of 2015, the unit returned to the market this past July priced at $1.595 million, a resale at which would have represented total appreciation of just 5.3 percent for the unit since the third quarter of 2015 on an apples-to-apples basis.

Reduced to $1.495 million and then withdrawn from the MLS in September without a recorded sale, the unit was listed anew last month with an official “1” day on the market and an “original list price” of $1.45 million.

And this past Friday, the sale of 855 Folsom Street #523 closed escrow with an official “36 days on the market” and an “at asking” sale price of $1.45 million according to all industry stats and aggregate reports (but down 4.3 percent on an apples-to-apples basis versus its sale price in 2015).

9 thoughts on “Rare Yerba Buena Unit Trades Below Its 2015 Price”
  1. The “Unit” — with it’s low/dark ceilings, exposed pipes, harsh lighting and glorious gray/industrial starkness — is exquisitely unappealing.


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