Purchased for $1,625,000 in 2006 and returned to the market in 2009 asking $1,395,000, this past October 1022 Powell Street #3 was taken back by the bank.
Listed for $1,185,000 this past January, the sale of the two-bedroom Nob Hill condo closed escrow last week with a reported contract price of $1,189,000. Yes, that’s officially “over asking.” Or as those who would rather you didn’t focus on the financials would say, “it’s still expensive” at $862 per square foot, just 27 percent ($436,000) less so.
∙ New York In Nob Hill [SocketSite]
∙ New York In Nob Hill Returns After Three Years: 1022 Powell Street #3 [SocketSite]