We’d love to call it foreshadowing (and that we knew), but alas it’s simply a cosmic coincidence (and we didn’t). And while seven months ago we featured the floor plan, and two days ago we made reference, yesterday 1940 Broadway #6 returned to the MLS.
As a plugged-in tipster notes, “After selling a few months back, back on the market for 800k more at 5.19 million (and with a LOT more pictures, drooool…).”
And speaking of foreshadowing, keep in mind that high-end coops aren’t typically fond of flippers or fickle buyers. Might something else be afoot?
∙ Listing: 1940 Broadway #6 (3/4) – $5,191,000 [MLS] [1940broadway.com]
∙ A Few Of Our Favorite Things: Big Windows, Views, And A Floor Plan [SocketSite]
∙ A Lower Floor (Plan) At The Heights: 1940 Broadway #1W [SocketSite]
Nice apartment. The kitchen looks like it would be used by a paid chef rather than the property owner.
Let me be the first to remark on the presence of chopped pillows. I wish I had a trademark on that.
No doubt, the owner decided they won’t be spending as much time in San Francisco. It couldn’t have anything to do with the recent events in the economy and the world of high-finance.
If you have the extra $2.7 million (compared with Unit 1W), the view’s definitely worth it.
Well the preponderance of beige (I think they call it “candelabra”) is a bit bland and disconcerting, but the art is actually eye-catching. And the views, well, all I can say is “views like that are wasted on the old.” Give a hot 22 year old dude that apt for a few hours and the walls will be a talking.
coop might not have been highly selective? scratch that
survival of the fittest canceled by mr. market?
Considering this was marketed off-MLS for a long time before being sold last time; I suspect this place may not sell so quickly this time unless there has been some sort of upgrade. Hard to say though…. pretty rare to find these types of properties. I still like it!
“known short sale” per MLS – can’t happen in this price range in the City?!
Looks like the “real SF” is shrinking…
Looks like it was never lived in. My sense is they gave up on renovation and put it back on the market re-staged.
I’m inclined to agree with Rocco. My guess is the buyers had a grand remodel planned only to be thwarted by the board. Or perhaps they didn’t want to spend another 4 million renovating the place.
Also, isn’t this co-op “cash only?”
I’m inclined to agree with Rocco. My guess is the buyers had a grand remodel planned only to be thwarted by the board. Or perhaps they didn’t want to spend another 4 million renovating the place.
Also, isn’t this co-op “cash only?”
Maybe part of the view is blocked by the four tall co-ops just below on Vallejo?
Looks like it was never lived in.
How would you be able to tell that a place had been lived in for 3 months after the stagers came through?
My guess is the buyers had a grand remodel planned only to be thwarted by the board.
The board would have discovered this in the interview process and keboshed it then. But most high end coops should expect a new buyer to gut and rehab just about anything, especially a penthouse. So I think it’s unlikely that this would have been an issue.
More likely: their cash situation has changed and either they need some of it back; or they no longer have as much to spend and don’t want to take the place as is.
I really like the transom windows above the standard ones.
For $5 million plus I would hope to find something much more to my taste than this… and without having to be reviewed by a coop board. Surely a really nice sfr can be had for this type of moolah.
I have always liked the Broadway penthouse. The bedrooms are small and the views are nice. The midcentury buildings like 1080 Chestnut and 2200 Pacific have bigger windows and bigger views. These two examples are also in walkable neighborhoods. (Less hills)
There are two penthouse units on Sacramento that are nice and have great floor plans. In my opinion, they both need cosmetic remodels. One is not being offered on MLS. It is being sold privately – you have to have an agent who is plugged in to see it.
Very nice and amazingly classy, but if I had this kind of money to burn on my personal space then the awkwardly staged Ritz Carlton penthouse shell would be more tempting than this.
Did anyone notice that the HOA dues are over $5,000 per month?
After 289 DOM, #8 @ 1940 Broadway is now reduced 18% and 750k to $3.5M.
#7’s on at $5.5M.
#8, back at $3.495. 364 days and counting. Given #7’s price this place starts to look cheap, or #7s waaay over priced. You pick.
#8s In Contract – Firm
#6 back at $3.995
Is this place haunted or something? Didn’t it just sell AGAIN last year?
#11 on at $4.5. I don’t understand the allure of this building, or why so many units are turning over?
“why so many units are turning over?”
The real question is whether this is organic (e.g. death, cash for retirement, etc.) or whether there’s an external factor (e.g. rogue neighbor).
Btw, did #8 drop out of escrow?
#7 has been listed at $4.95M since the May price-cut and has been on and off the market since 2007. It looks like the seller wants to hit a number. Does anyone know the original sales prices before the current listing?
For #6, it looks like they tried once to flip it, then another time to hit the 24 month mark.
Sold $4M