Quote:
Originally Posted by Nineties Flava
33)
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Just to give a feel for how expensive SF is, the top floor apartment in the background building in this picture just slashed pricing by $525K and is now asking $4.75M. 3BR-3.5BA, full floor, 3,879 SF ($1,225/sf) with monthly HOAs at $4,118, with parking for 2 cars! Woohoo. Most of the 186 units in the building are studios and 1 BRs that sell for a lowly $400K, which given the location is extremely affordable for this city.
http://sf.curbed.com/archives/2012/0...ns_now_58m.php
The SROs in the TL are all around $550-$650/mo, some having bathrooms and some not. I've also been in one of the SROs recently (don't ask why LoL...no drugs or prostitutes I swear), but these are rooms that are essentially ~150 SF, so these poor people are still paying $3.50-$4.50/sf/mo to live, which is actually right in line with the median rental prices throughout SF. In contrast, the cheapest market rate studios I could find were also in the TL in a rehabbed rental loft conversion building, and they have since raised their pricing to $1950 (from $1550 start when initial lease-up commenced). Sizes begin at 275 SF, so a whopping $7/sf/mo. Still below "median" studio price in city, which is closer to $2300/mo, but usually a little larger (I'm in 469 SF).
In contrast,
this uber luxurious 34th floor studio in Trump Tower Chicago is renting for $2,350 for a spacious 580 SF ($4.05/sf) and offers parking for $250/mo. In contrast, studios ranging from 469-695 SF in my nice but certainly not luxurious 1960s/1970s rent-controlled tower range from $2670-$3350/mo and offer parking for $300/mo.
Sorry for the tangent, but the TL is fascinating, and so are the prices of this city where even the TL is more expensive than even the nicest parts/buildings of other large cities. Damn you Twitter IPO!