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Well-Appointed Pacific Heights Co-Op Takes $2.5M Off

Listed for as much as $7.5M in February of last year, the case of unit #8 at at 1960 Broadway in Pacific Heights is very peculiar. You see, the 3-bed, 3-bath co-op in the 9-unit building is in an ultra posh area of Pacific Heights, and the apartment itself is pretty tony. So why can't it find a buyer? It was just relisted with a new asking price of $4.995M, or more than $2.5M lower than its original asking price. Monthly HOA dues are $1,540 and there's 2-car parking in the garage. Love it? The co-op requires board approval first.
· 1960 Broadway, #8 [Redfin]
· Host a Legenday Oscars Party in Your Pac Heights Stock Co-op [Curbed SF]