All Forum Posts by: Jonathan Bowen

$500 to $1,000 would be an insult. 

@Marielle Walter Yes. The neighborhoods of Boston include Allston, Brighton, Dorchester, East Boston, Hyde Park, Jamaica Plain, Mattapan, Roslindale, Roxbury, South Boston and West Roxbury. There are neighborhoods within neighborhoods... I know some micro-units are being built now but there aren't many to buy and, on a per square foot basis, they're extremely expensive.

Hub Edge Realty presents 639 Warren Street, Boston, Massachusetts...

Specifics...

Hub Edge Realty is anticipating 111 doors, including commercial and residential, combined, but the City of Boston controls all approval processes. The asking price is $39,000 per door. A door equals 1,000 square feet of gross commercial space which should have no reduction for common space since it should be storefront space or 1,000 square feet of gross residential space which, after subtracting 15% for common space, equals, on average, 850 square feet units comprising 2 bedrooms and 1 bath. There may be a variety of residential units, ranging from studios to three bedroom units. This assemblage of two lots equals 0.75 acres of raw land; it's located in the Grove Hall Neighborhood Subdistrict (NS) of the Roxbury Neighborhood District which is some of the most favorable zoning for developers within the City of Boston. The development may need to go through Boston Design & Planning Agency (BPDA) Large Project Review. The seller and listing broker have met with the BPDA on several occasions. The seller may wait for approvals. THE $4,329,000 LIST PRICE IS USED AS A PLACEHOLDER ONLY.

Contact...

Contact Jonathan Bowen of Hub Edge Realty for a copy of the 639 Warren Street marketing presentation now...

@Peter C. Municipalities usually tax units on gross square footage, including unfinished basement space, but I would assume that unfinished space is taxed at a lower rate.

@Julia Green I’m assuming you’ve heard about the new Airbnb regulations the City of Boston has instituted? If not, they’re basically putting Airbnb out of business within Boston.

@Marielle Walter I see where you’re going with this. The City of Boston has a rule wherein no more than four unrelated people can live in a unit... It has also put a big damper on Airbnb.

639 Warren Street, Dorchester has been reduced from $42,000 per buildable unit to $39,000 per buildable unit... #HubEdge #Realtor #Realtors #Boston #BostonMA https://www.617hubedge.com/search-details/639-WARREN-STREET-BOSTON-MA-02121/72305961/52/

@John Thedford I hadn't thought about it from a commission standpoint... Good answer.

I've been selling real estate for a long time but I've never thought about this issue before... Can a business entity legally lease and sell its own real estate holdings? Think about it for a minute... Individual homeowners can legally lease and sell their own properties, that makes sense, right? Let's say an owner of a business entity wants to lease or sell its business entity's own real estate. Let's say an owner of a business entity tasks an employee with leasing or selling the business entity's own real estate. Aren't those individuals acting as unlicensed real estate agents on behalf of the business entity? Aren't they, in effect, violating real estate licensing laws? I'm sure there's settled case law on this but I'm just not aware of any. Thoughts?

@Ron Gallagher A van down by the river...