Russian Hill Multifamily Property Trades for $33M

Coldwell Banker Commercial Realty has facilitated the $33 million sale of 2222 Polk St., a 42-unit multifamily property in the Russian Hill District of San Francisco. The two-building asset, which includes five ground-floor retail spaces, was purchased by a local investor who plans to lease out the property.

“This is an incredibly beautiful trophy corner property, ideally located in the very desirable Russian Hill neighborhood at the corner of Polk and Green Streets. It is a true pride-of-ownership property,” said Dan McGue of Coldwell Banker Commercial Realty, who represented both the buyer and seller in the transaction.

The property is in close proximity to many restaurants, bars and shops, as well as Fort Mason, Aquatic Park, North Beach and the Marina. The unit mix consists of 38 one-bedroom apartments and four studio apartments, plus an eight car garage.