It was built in the 1920s by Conrad Alfred Meussdorffer, who also designed the St. Regis apartments in Lafayette Park (the Beaux Arts beauty of which catapulted Meussdorffer’s career among the city’s elite), as well as 2006 Washington Street.
A co-op is a distinct type of property. Unlike with a condo, in which the owner owns both the unit and a common share of the property, in a co-op the owner doesn’t technically own the property at all. These sales can be complex, as prospective buyers must meet the approval of a co-op board, and buyers should expect sizable HOA fees. Financing can be tricky, too: Some lenders don’t offer co-op loans when there are rules limiting how or to whom you can sell your shares.
But none of that mattered for this apartment, which sold for its record-breaking asking price.
Anna Marie Erwert writes from both the renter and new buyer perspective, having (finally) achieved both statuses. She focuses on national real estate trends, specializing in the San Francisco Bay Area and Pacific Northwest. Follow Anna on Twitter: @AnnaMarieErwert.