Company News
February 7, 2012
More Than One B.R.A., featured in Bisnow
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February 2, 2012
Boston Realty Advisors retained to sell 19,847 s/f 1650 Commonwealth Avenue, featured in the New England Real Estate Jounal
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February 1, 2012
Boston Realty Advisors Sells Two Trophy Newbury Street Assets in Boston, featured in the SunHerald
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January 31, 2012
Copley Group Wins Battle For Newbury Street Properties, featured in the Banker & Tradesman
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January 27, 2012
Dual offering that encompasses 53 units in Harvard Square, featured in the Real Reporter
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Archive for the 'Boston Luxury Apartments' category

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Boston Realty Advisors to Sell Historic (1877) Back Bay Brownstone

Citybizlist.com recently featured Boston Realty Advisors (BRA) in an article about the realty company's announcement that the owners of the historic Brownstone at 86 Commonwealth Avenue have decided to use BRA to sell the property.

One really could not ask for a more beautiful building in downtown Boston.  86 Commonwealth is a four-story (including the basement) French, Academic style, brick brownstone with tandem parking for six cars. Designed and constructed by acclaimed architect T.P. Briggs in 1877, this building is rich with historic detailing that is difficult to find and gives residents and visitors a feeling of deep, historic luxury.  How often do you come across hand carved marble mantels, wainscoting, mahogany staircases, and ornamental crown molding all in one home? You'll find all of that and even more ornate touches at 86 Commonwealth.  

According to Jason Weissman, BRA Principal and Founder, "86 Commonwealth has so many potential uses, it could be an incredible condominium conversion, or potentially a single family."  Boston Realty Advisors is currently offering tours of the property by appointment to qualified buyers.  If you would like to schedule an appointment, contact Boston Realty Advisors.

View the original article on citybizlist.com

Posted at 08/19/2011 11:49 AM by Admin

Boston Realty Advisors Featured For Two Notable Listings

Boston Realty Advisors (BRA) was featured in the July 15th, 2011 issue of The Real Reporter because they are currently handling two exciting listings in Back Bay that will prove to be great rehabilitation projects. 

493-497 Commonwealth Avenue493-497 Commonwealth Avenue

Formerly the JS Waterman Funeral Home, BRA's listing at 493-497 Commonwealth Avenue has been out of use for several years, and is finally going to be brought back to life.  It is a 19,500 building currently in "shell condition."  This makes the building a blank canvas.  It may possibly become a residential space, but the central location could make for great offices or other forms of commercial space.  The building is right on the edge of Kenmore square, which is a great area and will soon benefit from major improvements to Boston's Green Line.  Boston Realty Advisors has not announced any definite details of a deal, but whatever happens, Kenmore square will soon have a new great space.

463 Beacon Street

Just a few blocks away, this beautiful building is currently a 20-room lodging house offering nightly and weekly rates.  This property may stay as is, but according to BRA 463 Beacon Streetfounder Jason Weissman, it is possible that the space may work as a single household.  He also told The Real Reporter that converting the space to condominiums could be a viable and possibly more valuable solution.  The building has 2,400 square feet of frontage on Beacon street, easy access to Massachusetts Avenue and a slew of prestigious Universities, and six parking spaces in the rear.

Interested in these listings or looking for more information on buying or renting real estate in the Boston area?  Contact Boston Realty Advisors today!

Posted at 07/15/2011 03:50 PM by Admin

Bed Bugs Bite, but in Boston Luxury Buildings?!

Bed bugs are back, and may even be living in Luxury Buildings in Boston!

Bed Bugs are invading luxury city buildings!

You’ve probably been reading a lot in the news about the bed bug infestation taking over New York City recently. Bed bugs have been known human parasites for thousands of years, but were considered largely eradicated in the early 1940s. However, bed bug infestations have increased so dramatically within recent years that New York recently enacted a Bed Bug Disclosure Policy that requires landlords to tell prospective tenants if bed bugs have been a problem within the past year. 
 
Parasites with Expensive Tastes
 
Commercial properties are at risk too; with the temporary closing of high-end stores like Hollister, Victoria’s Secret, and Niketown, as well as reports of infestations in luxury buildings like the Empire State Building. The notions that bed bugs are only a problem in impoverished areas or are caused by poor hygiene are a real misconception. They are attracted not to dirt, but to exhaled carbon dioxide and feed not off waste, but blood. They are found equally in clean locations and poorly kept conditions.
 
 
Bed Bug Causes
 
An exact cause of the resurgence of these blood-suckers is not clear; but the increase has been blamed on things such as an increase foreign travel, more people utilizing second-hand furniture for their homes, a decrease in bed bug prevention and education due to the false assumption bed bugs were not an issue, the banning of certain harmful pesticides that were used to fight infestations in the past, and even the possibility that bed bugs have grown increasingly resistant to pesticides. 
 
The negative stigma associated with an infestation also adds to the problem, with affected property owners not wanting to notify neighbors and visitors of any infestation- effectively contributing to the spread of the parasites.
 
New York isn’t the only city to have infestation problems! There have been reports of Boston-area buildings suffering from bed bug infestations. Luckily for Boston residents, our city has not made it to a Top Ten Worst Bed Bug Infested Cities list. However, if you think your building may be infested, a quick response is the best course of action.  
    
How to Spot Them
 
Newly hatched bed bug “nymphs” will appear translucent and very light in color. As they reach maturity, they will consistently become browner and then molt. Nymphs go through five stages of growth and can range from 1.5 mm to 4.5 mm. Once they reach the peak of their maturity and molt, they will look reddish brown, oval, flat, and wingless. A common bedbug myth is that they are invisible to the naked eye, but adults can grow up to about 5mm and are easily seen. 
 
   

Bed Bug Prevention & Extermination
 
Bed bugs are a difficult pest to exterminate once they establish a presence, due to their tiny size and  the fact that they feed on sleeping hosts, can survive for over a year without feeding, are resistant to many chemicals, and can hide in hard-to-reach places.  As soon as an infestation is suspected, you should contact a licensed exterminator to evaluate the situation and create an extermination plan. If you are a tenant or a guest at a hotel, notify the management or landlord immediately. Aside from bites, other tell-tale signs of an infestation include traces of their fecal matter, which is usually visible as small dark red spots, as well as small sloughed off skin castes. Most cases of infestation require at least 3 extermination treatments, and very rarely is an infestation eradicated in just one.
 
The City of Boston Housing Division recommends the following steps for a successful extermination:

  1. Receive a thorough inspection by a qualified exterminator, who will confirm the identity of the pest.

  2. Seal cracks & crevices in walls and floors.

  3. Secure loose wallpaper and eliminate other areas of insect harborage.

  4. Properly treat or remove infested furniture.

  5. Mark infested items that are thrown away so others will know not to bring them into their home and spread the infestation further.

  6. Frequent laundering of bedding and clothing during extermination process.

  7. Frequent vacuuming of carpets and steam cleaning of furniture and mattresses during extermination process.  
 
 
Helpful Tips
 
  1. Never pick up free roadside furniture (it may be tempting, but it isn’t worth the risk).

  2. When traveling, make sure to keep your clothing in your luggage and your luggage in the bathtub (this may sound strange, but bugs have a hard time crawling up slippery surfaces).
     
  3. Bed bugs like warmth, they have even been known to enter laptops and DSL ports.

  4. When looking for bed bugs pay more attention to wood and upholstered furniture. Bed bugs seem to prefer wood and fabric over plastic and metal. Pull back the sheets from the mattress and look for bugs along the seams or tiny blood spots on the mattress.  Also look along the edges of the box springs and in the seams of the bedding.  You might also smell a strong musty smell. 

  5. Many pest control services employ the trained nose of a rescue dog (often a beagle) to sniff out live bugs and viable eggs. Make sure that you check out the dog’s credentials, however. There have been a few instances of people trying to pass off the family pet as a super-smeller. 

  6. Bed bugs are not known to transmit any infectious disease. The bites look very similar to that of a mosquito or other blood-sucking insect. Some bites may be unnoticeable while others might turn into larger sores. 

  7. To treat a bed bug bite, treat the area with antiseptic soap to reduce the infection. Don’t scratch!  If it becomes infected, contact your health provider.  
 
For more information and helpful resources, visit the Office of Health and Human Services at Mass.gov
 
 
 
Posted at 12/06/2010 05:11 PM

Boston Luxury Apartments Key to Opening Door to New Commercial Developments

 It appears that Boston real estate developers are finally believing that the recent and expected successes of Boston luxury Condos and Boston luxury Apartments are critical to the viability of commercial development such as the blighted Downtown Crossing's "Filene's Project."

The Boston Globe Article  says it all - there is quite a bit of interest in the purchase of the Filene's development site from Vornado who stopped development due to the downturn in the market a few years ago.

This is not the case in all cities across the country and not so in all of Massachusetts or even all parts of Boston. In any case, we should be pleased that there are positive signs of recovery.

Posted by : David Friedberg, CEO - Residential Division

Posted at 10/17/2010 08:57 AM by Admin

Boston Property Searches Just Got Easier

According to a recent study conducted by the Texas Transportation Institute, commuters waste 2.8 billion gallons of gas and spend 4.2 billion hours in traffic each year. Another study conducted by the Center for Neighborhood Technology reveals that typical suburban households spend about 32% of their income on transportation costs, while households closer to public transportation spend only about 12%.


When deciding where to live, you want to consider the role of transportation and what it will be costing you, as well as how “walkable” your area is to avoid the hassle of driving. If you’re willing to spend enough to invest in a Boston luxury apartment, you at least want to make sure it’s near some form of public transportation. Many people who are searching for a Boston property now find themselves utilizing the help of Walk Score, an online index that answers questions such as ‘what will my commute be like?’ and ‘can I afford this home given the anticipated transportation costs?’.


Walk score recently launched a new tool on their website, Transit Score, which takes this calculating a step further. Transit Score is a home and transportation costs calculator which also provides a 0-100 rating of proximity to public transportation. All you have to do is enter the address of the Boston real estate property in question- it’s that simple!


Find out your Transit Score for free! Also be sure to browse our online Boston luxury apartments and rentals.

Posted at 08/17/2010 01:33 PM by Admin

Live For Today - Lease Your Dream Place in Boston's Back Bay!

Live for Today - Lease your dream place in Boston's Back Bay!

It's windy and freezing and the nightly news is DEPRESSING!!  But good news folks, you are on your way to Boston!  Boston is such a great city, I really love it here.  Our job market is pretty insulated from the rest of the country's mess.  We have plenty of public transportation.  There are lots of brilliant and successful people working on all types of interesting things.  And here in Boston's Back Bay, we have some of the most beautiful apartments in the country!  Can you imagine yourself sprawling in front of your fireplace in the grand parlor of your front facing brownstone with 20 ft high ceilings and gorgeous bay front windows?  Wouldn't it be lovely to simply walk 50 feet and go from your serene tree lined avenue to your favorite restaurant for supper?  We even have a train that leaves every hour just steps away that will take you to New York!  The best thing about Leasing an apartment in Boston? You don't have to worry about taxes, condo fees, maintenance costs, and many times even utilities!  My name is Avery Johnson, I have specialized in Leasing properties in Back Bay, Beacon Hill, and the South End for over 5 years.  I would be delighted to help you find your dream home here in Boston!  Please feel free to call me direct at 617-850-9663.

Posted at 02/09/2010 04:19 PM

Weekly Thoughts by Jason S. Weissman for the week of February 8, 2010

What will happen to the “Multifamily Sector” if Fannie/Freddie are Abolished?
Are you serious Mr. Frank?   In the past, one of Fannie Mae and Freddie MAC’s biggest advocates has been Congressman Barney Frank. Not anymore! According to statements quoted last week, Frank thinks that the agencies should be abolished and replaced with an entirely new system. My thoughts: Abolishing or greatly changing “agency debt” to the multifamily investment community would have terrible affects on the industry, and, more proximately, to “end users”, e.g., apartment renters.

Because of Fannie and Freddie's support , stabilized multifamily product has been the darling of the commercial real estate business. Cap rates for stabilized multifamily product has increased only by 100-150 basis points (10%-15% is a modest decline in value relative to theaverage commercial asset, which has declined 40-45% from its peak value).  Even through the financial crisis, “agency debt” has been available to fund loans with up to 80% loan to value. Yes, there will be defaults in the multifamily space, but, all-in-all, Fannie/Freddie has relatively low exposure to losses and defaults with its loans in the multifamily sector. According to the
National Multi Housing Council, as of 2009, Fannie Mae multifamily default rates (noncurrent) are less than .33% and Freddie Mac'sare .09%! Please keep in mind that the agencies make-up over 90% of the debt originated on multifamily real estate in the US. With this, most of the distress comes from the 10% of loans made that are not “agency debt.” Yes, Stuyvesant Town and Riverton Houses are very public “foreclosures” but these were atypical multifamily acquisitions.

Don’t confuse the “residential mortgage market” with the “multifamily mortgage market”
Mr. Frank should not confuse the on-going tsunami with Fannie/Freddie mortgage exposure on residential condos and single families, with loans to the multifamily sector. I absolutely agree that a “new system” is needed for residential mortgages. In regards to yesterday’s WSJ article (LINK enclosed), the extension on the loan modification program for residential mortgages is out right ridiculous! Freddie has 3.87% of their loans over 90 days delinquent, while Fannie has 5.29% delinquent. To “modify” these existing loans, will not work. Once the loans are modified,80%-90% of these loans will perpetually be problem loans—incurable. For once and for all, these loans should be flushed out of the system, not artificially maintained by the government and its administration.  
Why everybody benefits from Fannie/Freddie debt for Multifamily Assets?
The availability of multifamily debt at on up to 80% of the value of the property, makes for a fluid, active multifamily sector. It also stimulates potentially more supply, and pushes the market to “continuously” up-grade its product. Who benefits from this? The investor and the end user. The investor can count on a stable sector in which one can buy and sell product, and “hopefully”, only have to deal with old school fundamentals, such as the quality of the apartments, the assets location, rents and historical occupancies. If you buy a large multifamily asset with agency debt, and your exit strategy is predicated amongst selling the asset in a set time period to another buyer financed by “agency debt”, with potential changes to the agencies, you can not count on that exit strategy. If “the market” can’t count on liquidity, all investment principals need to be thrown out of the window. The benefit for apartment renters is that supply will continuously be added to the marketplace, therefore self regulating prices, and if there is available credit, multifamily owners will continuously upgrade their product.
Posted at 02/09/2010 04:13 PM by Jason S. Weissman

Boston Condo on Marlboro Listed

Fantastic unit at even better address!

Boston Condo in Back BayThis unit is offered by Rob Cohen for $349,900. The unit includes 550 square feet of well appointed living space. the building was built in Boston's Back Bay in 1880 and is located in the heart of downtown, closte to the T, and steps to shopping and great entertainment.

For more information please click here: back bay condo

To schedule a showing, please contact Rob Cohen.

Boston Realty Advisors provides residentil and commercial real estate services in Boston and New York. This exclusive listing is a fine example of our residential sales practice here in Boston. Work with the Boston Real Estate market's leading team, call us today.

Posted at 11/17/2009 11:15 AM by Wil Catlin

Boston condo in coolidge corner for sale

Condominium for sale in Coolidge Corner.

Boston Condo, Coolidge CornerRob Cohen is representing this fantastic Condominium unit it Brookline. This is a great building with a Gym and extra storage space.

This one bedroom is priced to sell at $349,000. For showings please contact us.

There are currently 8 one bedroom units on the market in Brookline and this apartment is, by far, the best value.

 

Posted at 11/07/2009 02:01 PM by Admin

Boston Luxury Rental in the Back Bay

1,400 square feet of luxury in Boston's Back Bay.

Boston Luxury RentalsLocated in the heart of Boston's Back bay, this luxury unit is available for rent for $2,200/month. With river views and access to public transportation, this 2 bedroom luxury rental is available NOW.

Contact us for a showing.

For more Boston Luxury Rentals in the back back, visit www.MyBostonApartment.com. Click here for more Back Bay Rentals.

Posted at 11/06/2009 10:41 AM by Admin