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Real Property Acquisition - 240-6th Street - $7,150,000

  • When: 9/17/2024
  • Address: 240-6th Street, San Francisco, CA
  • City: San Francisco
  • State: CA
  • Category: Real Estate Acquisition
  • Size: 9,625 square feet

The City of San Francisco has approved a resolution for the acquisition of real property located at 240-6th Street for $7,150,000. This property consists of approximately 9,625 square feet of land area, and includes the assumption of an existing lease. The acquisition also covers the necessary environmental remediation. The property will be placed under the jurisdiction of the Recreation and Park Department, with future park projects subject to review and approval by the Recreation and Park Commission following environmental review.

Why it Matters

This acquisition will support the expansion of public open spaces by creating new park planning opportunities. It is consistent with the General Plan and supports community development in San Francisco.

Source

Ownership - Martha E. Potiriades, George P. Potiris, Kalli K. Carvalho, James G. Pappas, Christina Pappas-Boettger, Ellece Vasti, Stephanie A. Papas, and Catherine Guzman