1649 Market Street

$24,000,000

San Francisco, California

The Bradmar Apartments are located at the corner of Market and Brady Streets in San Francisco’s Mid-Market neighborhood. This trophy asset provides investors with the rare opportunity to acquire an asset with tremendous presence, character, and scale in The City’s most dynamic location. This classic 1912 mixed-use property is a historical gem in the heart of newly designated “Hub”, surrounded by large scale new residential and retail development projects. This location is in the midst of a massive transformation for the better. Providing incredible access to neighborhood amenities, transportation, and highways, it is also within walking distance to the Financial District, the Castro, Hayes Valley, SOMA, and the Mission. It is hard to imagine a more convenient location.

Behind the beautiful façade lies an interior indicative of the era with high-ceilings, wide hallways, and period charm. The common areas are fully-sprinklered and receive great natural light. Inside the apartments you will find large windows (some units having incredible views), built-in cabinets, walk in closets, gas stoves, and efficient layouts. The apartments are separately metered for gas and electricity. The retail spaces have frontage along Market, Brady, and Stevenson Streets. Much potential lies in these spaces and the redevelopment of Mid-Market Street and the Hub. With as many as 9,000 new housing units, over 50,000 sq.ft. of new open space, and a massive increase in foot traffic, these retail spaces possess tremendous value for a new owner.

GRM:

17.2

PRICE/FOOT:

$578

CAP RATE:

3.4%

PRICE/UNIT:

$342,857

Square Feet:

41,544

Status Date:

9/20/2021

Units:

70

Status:

Sold

JohnAntonini-Headshot
ANTONINISF-LOGO

Senior Vice President
Mobile: 415.794.9510
john@antoninisf.com

John Antonini is a commercial agent who represents clients in the sale and purchase of residential investment property in San Francisco. Since 2007, he has a built a proven track record of adding-value for Buyers and Sellers of SF apartment, mixed-use and commercial transactions.