The Boston Herald ran an article on Sunday about The Metropolitan.
The Metropolitan is a 2-year old, 22-story building in Chinatown. There are rentals on the first 10 floors, but above that are 118 condos.
The units are comfortable, with higher-end finishes, and the building constructed of good quality. Many units have killer views of downtown Boston or the Blue Hills.
The Herald article discusses unit #2001, a 20th-story, 1028 square foot, two-bedroom home, listed for $719,000.
Also avaliable for sale, recently were:
14th floor, 500 square-foot, one bedroom, one bathroom unit, $359,000.
17th floor, 592 square-foot, one bedroom, one bathroom unit, $392,500.
10th floor, 1056 square-foot, two bedroom, two bathroom unit, $615,000.
22nd floor, 668 square-foot, one bedroom, one bathroom unit, $620,000.
14th floor, 1308 square-foot, three bedroom, two bathroom unit, $699,000.
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If you do the math on the listings above, then the $/sqft seems higher than it should be for that neighborhood? It is right next to NEMC in the still up and coming part of the Chinatown/NEMC/Theater district area. The $/sqft seems less than I have seen in the Back Bay for sure, but about on par with the best parts of the South End, which to me would be more desireable.
Here is a map of the location:
http://maps.google.com/maps?f=q&hl=en&q=One+Nassau+Street,+Boston,+MA+02111&ie=UTF8&z=15&ll=42.349981,-71.063046&spn=0.013955,0.043259&om=1&iwloc=A
Of course, I am sure it is a nice building with lots of great amenities. And for all the medical professionals in the area a 1 block stroll to your job is a commute that cannot be beat, and the appreciation potential I am sure is much better than the South End, which has already seen a lot of growth from where it came form 10 years ago.
September 13th, 2006 at 9:59 amPS - here is a table with the $/Sqft….
Floor Sqft BR/BA Price $/Sqft
September 13th, 2006 at 10:03 am14th floor 500 1BR / 1BA $359,000 $718
17th floor 592 1BR / 1BA $392,500 $663
10th floor 1056 2BR / 2BA $615,000 $582
22nd floor 668 1BR /1BA $620,000 $928
14th floor 1308 3BR / 2BA $699,000 $534
You’re probably right!
September 16th, 2006 at 5:59 pm