4/29/2008

San Francisco multi-family trades for $115M

by Eric Ramsden

Edgewater Luxury Apartments

Los Angeles, Calif.-based Urban Housing Group has sold the Edgewater Luxury Apartments in San Francisco for $115 million to UDR, Inc.

Stanford Jones, Sal Saglimbeni and Phil Saglimbeni of Marcus & Millichap represented both parties in the transaction.

The Edgewater Luxury Apartments, which sold for $595,855 per unit, are located at 355 Berry St. The complex contains 193 units and was built in 2007. The six-story apartment building is comprised of a 157,203 square foot building with one-bedroom and two-bedroom units.

Address: 355 Berry St., San Francisco, Calif.

Size: 193 units

Built: 2007

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Filed Under: Multi-Family

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