By June, all of the 118 units in the 14-story glass Seaport residential tower, 22 Liberty, had been sold.
And the views and the amenities came at a cost – the median sale price was $2.9 million, real estate data firm LINK told The Boston Globe.
But as the Globe most recently reported, six of the 118 units at 22 Liberty, which just opened at the beginning of 2016, have been sold already for a second time, before the first owner ever moved in. Five other units are listed for sale.
The Globe noted:
“Every flipper netted double-digit returns on the briefly owned condos, according to deeds filed in Suffolk County. A 10th-floor unit that was bought for $4.6 million was resold at $5.7 million.’’
Though owners in luxury buildings commonly flip and resell before moving in, it is the high prices that make this situation unique, real estate brokers told the Globe.
In fact, last week Curbed Boston found that a number of owners from 22 Liberty are also renting their condos for dizzying amounts.
For example, 22 Liberty Drive, Unit 6D, which has two bedrooms, 2.5 bathrooms and 1,985 square feet of living space, is looking for $17,000 per month. Curbed noted that another unit up for lease, which originally sold for $5,145,025, is asking for $30,000 per month.
“I don’t think we’ve ever seen anything quite like that in Boston,’’ Debra Taylor Blair, president of LINK told the Globe. “There is so much pent-up demand for these luxury, full-service, new construction buildings.’’
Read the full Globe story here.
Related: See Seaport change through the years