FULLY ENTITLED 137-UNIT LUXURY RESIDENTIAL DEVELOPMENT OPPORTUNITY
EXCLUSIVE ADVISOR
THE OFFERING
Newmark Cornish & Carey - NGKF Capital Markets, as exclusive advisor, is pleased to present
the opportunity to acquire 830 Eddy Street @ Van Ness Avenue, San Francisco, California (the
"Property"), a fully-entitled, luxury residential development site. The site is approved for the
construction of a new 12-story, 126-unit residential building with the ability to increase the unit
count to 137, and up to 80 parking spaces in a below-grade parking garage with a grandfathered
BMR requirement of 14.5 percent on-site. Located along the bustling Van Ness Corridor, 830
Eddy Street’s immediate location and adjacent neighborhoods of Hayes Valley, Pacific Heights,
and Nob Hill are inundated with top-rated restaurants and amenities, offering an unparalleled
and highly coveted lifestyle for future residents. The site is located just blocks away from the
$2 billion CPMC Sutter Van Ness and Geary Hospital that is currently under construction and
expected to be complete in June 2018. The Property benefits from excellent transit access, with
more than a dozen MUNI and Golden Gate Transit bus routes serving Van Ness Avenue, the
planned Van Ness Bus Rapid Transit (BRT) project, and its location in close proximity to BART
and light rail along Market Street. With its tremendous accessibility, prime location, and the
continued strong market demand for residential product, 830 Eddy Street represents a unique
opportunity for an investor to acquire a trophy development site in San Francisco.
u High-identity, transit-oriented residential development site in
the strongest real estate market in the United States.
u Adjacent to the under construction, $2 billion CPMC Sutter Van
Ness and Geary Hospital, which will be one of the nation’s most
advanced medical facilities once completed in June 2018.
u Inventory constraints and limited deliveries continue to drive
rental and condominium pricing in San Francisco.
830 EDPDYRSOTRJEEETC+T815OVVANENRESVSIAEVWENUE
SAN FRANCISCO, CA
APLdAdNNreINsGsCOMMISSION HEARING 830 Eddy Street, San Francisco, California
Block 0738 Lot 018
APN 12.08.2016 13,200 square feet
s
ite 300 | San Francisco, CA
| www.bararch.com
Total Lot Area
Total Residential Units 126 units, with the ability to increase to 137 units
Total Residential Rentable SF 91,736 square feet
Average Rentable Unit Size 728 square feet (at 126 units); 670 square feet (at 137 units)
Floors 12, plus two lower levels of parking
BMR Units 14.5 percent on-site
Car Parking Up to 80 spaces
Bike Parking 131 spaces (Class 1); 13 spaces (Class 2)
Zoning RC-4 (Residential-Commercial, High-Density)
Height & Bulk 130-V
FINANCIAL MISSION
DISTRICT B AY
BART
SOMA
UNION BART
SQUARE
MARKET STREET BART
MID-MARKET
NOB HILL
VAN NESS CORRIDOR
LOWER EDDY STREET
PA C I F I C
HEIGHTS
WORLD-CLASS RESIDENTIAL PROJECT
GRANDFATHERED BMR REQUIREMENT: 830 Eddy Street is one of the select development
projects that will have a fixed BMR component of 14.5 percent on-site. All new projects being
proposed following the passage of Proposition C currently require a minimum of 25 percent
affordable units if on-site, or 33 percent if off-site.
LUXURY DESIGN: Acclaimed San Francisco-based BAR Architects designed the residential
project with luxury in mind. The project includes rich residential amenities such as a rooftop
deck, community garden, landscaped outdoor courtyard, and multiple lounge areas.
CONVENIENT TO AMENITIES: 830 Eddy Street boasts an impressive Walk Score of 98/100,
with dozens of cafes, bars, retail shops and renowned restaurants such as Philz Coffee, Brenda’s
French Soul Food, Smuggler's Cove, and Pläj, easily walkable from the site.
CENTRAL TO SAN FRANCISCO’S ICONIC NEIGHBORHOODS: Located along the Van
Ness Corridor, 830 Eddy Street is right in the heart of San Francisco. The prime location is
surrounded by San Francisco’s and most engaging and iconic neighborhoods including Nob Hill,
Russian Hill, Hayes Valley, and Pacific Heights.
STRONG ECONOMIC DRIVERS NEARBY
CPMC VAN NESS AND GEARY HOSPITAL: Anticipated to be complete in June 2018, the $2
billion CPMC Sutter Van Ness and Geary Hospital is poised to become one of the nation’s
premier medical facilities. 830 Eddy Street, just three blocks south, will benefit from the influx
of doctors and medical professionals that will flock to the neighborhood to work in more than
1,000,000 square feet of hospital and office space.
MID-MARKET ADJACENT: 830 Eddy Street is just north of Mid-Market which has experienced
an influx of tech companies such as Twitter, Uber, and Square moving in over the last few years.
Not only will 830 Eddy Street be attractive to medical professionals, the residence will also
draw in tech professionals working in the adjacent neighborhoods.
EDDY STERXETEETNSSIAVNEFTRRAANNCSISPCOOR, CTAATION OPTIONS
TRANSPORTATION ACCESS: More than a dozen MUNI bus lines stop within two blocks
hitects of 830 Eddy Street. The Civic Center BART Station, along with MUNI light rail, is less than
15024 12/08/16
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VAN NESS BUS RAPID TRANSIT: The Property will be served by the future Van Ness BRT
- which aims to significantly cut travel times along the corridor by one-third - with a stop
located just a block away at Van Ness and Eddy Streets.
EASY ACCESS ALONG VAN NESS AVENUE (US 101): Positioned just half a block away
from Van Ness Avenue, 830 Eddy Street is conveniently located for commuters to the
North and South Bay.
SOLID RESIDENTIAL MARKET FUNDAMENTALS
STRONG RENTS AND LOW VACANCY: Residential rental rates remain strong with monthly
rental rates exceeding $6.00 per square foot for many units in new projects along with an
overall vacancy rate of sub-5 percent among Class A residential buildings in San Francisco.
CONDOMINIUM MARKET PRICING: Comparable new condominium sales along Van Ness
Avenue and surrounding neighborhoods in projects such as 388 Fulton, 450 Hayes, and
LuXe continue to exceed $1,400 per square feet.
HOUSING SUPPLY CONSTRAINTS: In the last five years, San Francisco added 91,000 new
jobs and increased the workforce by 14 percent, but added fewer than 16,000 housing
units. The extraordinary demand for housing has resulted in rental and sales prices hitting
all-time highs.
AERIAL VIEW
A307.5 8
REET SAN FRANCISCO, CA PERSPECT
INVESTMENT ADVISORS 15024 12/08/16 SCALE:
co, CA 94111 | 415 293 5700 | KYLE KOVAC DANIEL CRESSMAN MANDY LEE
Executive Managing Director Executive Managing Director Associate Director
MICHAEL TAQUINO 415.477.9220 415.288.3622 415.445.5103
Executive Managing Director kkovac@newmarkccarey.com dcressman@newmarkccarey.com mlee@newmarkccarey.com
415.477.9200 CA License #01731229 CA License #00849877 CA License #01942461
mtaquino@newmarkccarey.com
CA License #01431337