November 5, 2009
The Word On 56 South Park: Sold
From the peek to a poke to the sale of 54 South Park for a reported $3,375,000, we now have the word on 56 South Park, the roughly 2,000 square foot (plus 600 square feet of outdoor space) just closed escrow for a reported $2,300,000 (15% under asking).
∙ 54-58 South Park: The Inside Scoop (Both Literally And Figuratively) [SocketSite]
∙ From A Peek To A Poke For 54 And 56 South Park [SocketSite]
∙ 54 South Park Sells (And We Think Alpha Rather Than Beta) [SocketSite]
First Published: November 5, 2009 12:30 PM
Comments from "Plugged In" Readers
It's interesting that they sold both units at relatively high prices PSF. We live in One South Park and the building sold out a month or so back. The penthouse resale in the building went fairly quickly into contract. I know there is a lot of debate on SS about the merits of South Park. We like living here. Our neighbors seem to as well. They are an interesting mix of couples, singles, out-of-towners and even some families. Those rumored people buying second homes in SF really exist. I think there really is demand out there for quality condo developments, especially on/near South Park.
Posted by: South Park resident at November 5, 2009 12:51 PM
Here's where those muppets belong!
Posted by: jessep at November 5, 2009 1:00 PM
$1150 per sq ft. I'm shocked.
Posted by: steve at November 5, 2009 2:04 PM
Well, counting the outdoor space (which is fairly private, except for the unit above it), I guess you could argue it's "only" $885/SF.
I am surprised they got that close to the ask, though, even though it's definitely high-end, well-designed space.
Posted by: avwh at November 5, 2009 2:38 PM
Can I count outdoor space too, next time I sell a property. That would be great.
Posted by: sparky-b at November 5, 2009 2:49 PM
I hear the building next door is going on the market shortly for a fortune -- $5 million?
Posted by: midcentfan at November 5, 2009 2:59 PM
sparky-b, only if your next project is more alpha than beta, lol
Posted by: steve at November 5, 2009 3:06 PM
Oh my god! They killed Kenny!
Posted by: stan at November 5, 2009 3:07 PM
steve, it's in a b(eta)-rated hood so I guess I can't count the decks.
Posted by: sparky-b at November 5, 2009 3:19 PM