May 16, 2008
As the Longwood Towers Turn
What’s up with the Longwood Towers?
Last I heard, an auction was scheduled to sell off a block of 196 units in the partially-developed building on the edge of the Longwood Medical Area. I assume this auction went through, as it was described as “just a paper deal”. Now, the new owner, IStar Financial, plans to complete renovations of the elegant complex and continue to sell the remaining units.
Interestingly, a whole slew of units in this building just hit the market. Their prices — even for units of the same square footage with the same basic amenities — differ dramatically. Is this the buying opportunity of a lifetime or the potential buying disaster of a lifetime? Since I’m neither a realtor nor lawyer, I can’t say. All I know is that as a buyer, I would approach cautiously and ask A LOT of questions. If you’re curious to see what’s going on over at the Towers, these are just a few of the units showing Sunday, 1 to 4 p.m.
#B809, $510,000, 780 sq ft, 1 bed, 1 bath.
#B805, $843,150, 1520 sq ft, 2 beds, 2 baths.
#B401, $311,665, 781 Sq ft, 1 bed, 1 bath.
#B801, $353,850, 780 sq ft, 1 bed, 1 bath.
#B412, $515,750, 1190 sq ft, 2 beds, 2 baths.
#B703, $459,000, 760 sq ft, 1 bed, 1 bath.
More of Pam on Brookline and Brighton
