4 ms·

Commercial Real Estate is valued based on Cashflow/Income (correct me if I am wrong). San Francisco should look at examples like One AT&T in STL, which was once

Commercial Real Estate is valued based on Cashflow/Income (correct me if I am wrong). San Francisco should look at examples like One AT&T in STL, which was once worth 400 million that got sold for 4 million or so a year ago. https://en.wikipedia.org/wiki/909_Chestnut_Street https://en.wikipedia.org/wiki/909_Chestnut_Street

seanp2k2 3y ago
4 million?!? That’s like the price of a normal old Victorian in SF if you’re lucky, and the people pooing on your front porch come free with that.
- xnx 3y ago
  I'm guessing it must've included a lot of back taxes too?