The building at the corner of Haight and Ashbury was, briefly, for sale.
It went on sale about a month ago. It was going for about $7 million, for two retail spaces (Haight Ashbury Vintage and Club Deluxe) and 12 apartments. Bids started at 10% over asking, and just kept rising. Last week, it sold for a million over asking price. Our source commented, "classic bubble mentality." So. If you're wondering why rental prices are so insane, this might have something to do with it.
It went on sale about a month ago. It was going for about $7 million, for two retail spaces (Haight Ashbury Vintage and Club Deluxe) and 12 apartments. Bids started at 10% over asking, and just kept rising. Last week, it sold for a million over asking price. Our source commented, "classic bubble mentality." So. If you're wondering why rental prices are so insane, this might have something to do with it.
