Duplex, one of San Francisco’s most famous co-op buildings, has sold for $19 million, according to Multiple Listing Service.
4-bedroom residence listed in January $30 million, and the price dropped to $19 million in August. The company signed the deal in early November and closed last week, according to listing records and Sotheby’s International Realty San Francisco Brokerage.
“At over 7,000 square feet, the apartment is one of the largest in San Francisco and is located in a most respected co-op building,” Lin said in an email.
Sales prices reflect market conditions in 2022, but there are fewer buyers competing for large apartments and opportunities can be found, Lin said.
“If they are sold, other listings will be or have already been reduced to appropriate prices for today’s market,” he said. “San Francisco continues to be a desirable destination for full-time or part-time residents, and in recent memory there has never been a better time to buy.”
of Cooperative Located in the Tony Pacific Heights neighborhood, the building was designed in 1924 by architect Konrad Alfred Mesdorfer in his signature Beaux Arts style. There are 10 full-floor apartments, featuring grand entrances, gates, private gardens and manned lobbies.
The apartment features Versailles-patterned hardwood floors, a circular floor plan for entertaining, a large living room with fireplace, a central foyer with large windows surrounding panoramic views of the Golden Gate Bridge, Alcatraz and Russian Hill, We have a great room with a fireplace. Views of the bay, a library and a conservatory opening onto one of the terraces, List said.
According to the listing, the primary bedroom suite occupies the second floor and features two marble bathrooms and two private dressing wings.
Local philanthropist William Oberndorf, founder of investment firm SPO Partners, and his wife Susan purchased the home for $25 million in 2018, real estate records show.
The buyer was listed on the property records as a limited liability company.
Neither party could be reached for comment.