Today, I just had an interesting conversation at lunch with the property manager/in house maintenance manager for 21 Beacon Street, the luxury condo building next to the Massachusetts Capital.
What did I learn? Well, Boston condo buyers you may want to stay away from this Boston luxury building at 21 Beacon Street. Why you ask? According to my source the owner occupancy is less than 38%. Good luck getting an FHA mortgage on any condo that’s for sale here.
Here’s another thought, why would you want to buy in a building (unless your a Boston real estate investor) that you want to call home where less than 40% of condo buyers, actually live there.