Meanwhile, in San Francisco . . .

How do taxes work in San-Francisco? Is RedFin estimate accurate?

By NYC standards i think the price is modest for such a large and nicely renovated apartment.

Here's another link -
https://www.trulia.com/p/ca/san-francisco/850-powell-st-104-san-francisco-ca-94108--2082877706

HOA Fee: $2,502/Monthly but I don't think that includes taxes. They mention a doorman.

I don't know the area perfectly, but I sense that this is kind of a "meh" area, roughly equivalent to midtown east. Powell St is almost vertical there - hence the cable car - so you need to love the steep hills. Prices, as I understand them, rise significantly as you go even just a little bit west to Nob Hill, Pacific Heights, Cow Hollow, the Presidio, etc. San Francisco's high end apartments also have more direct competition from both the many townhouses in the city as well as Atherton, Mountain View, Palo Alto, etc.

I would concur that the location is SF's equivalent of Midtown (far) East. Property taxes in SF are a little over 1%.

The part of the listing that jumped out at me was that the seller was open to payment in cryptocurrency. Also, the property was purchased in 2015 for $2,050,000, was then listed for sale a little over a year later for $3,998,000, with no takers and a number of price drops to get to the current list of $2,800,000.

With respect to the steep hill, the friend who just relocated to Park City said that he lamented moving off that very same steep hill for one of the shiny new developments south of Market, and that if he were to go back to SF, he'd go right back the steep hill he left because he perceives that crime and homelessness are less prevalent on the steep hills than they are in the vast flat South of Market.

I asked him how he did on the sale of his condo, and he did admit that SoMa had treated him well in that respect, as he was able to sell his condo for 160% what he paid for it. I neglected to ask him what his hold period was.

Yes, the homeless in SF are definitely more prevalent at the bottom of the hills, or at least in the foothills (the Tenderloin). Hard to pitch tents or shoot heroin on the steep hills a bit north of Tenderloin and Union Sq. Still, I'd rather not have to choose between dodging needless/excrement or getting vertigo every time I walk home. And for all its faults, NYC does a far better job of controlling its street drug addicts than San Francisco.

What really helps the Nob hill building is the garage, where it looks big enough to turn your car around in order to leave without backing out. You'd have to pretty much drive everywhere or Uber but then street parking at your destination is almost impossible in SF.