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Old 12-19-2017, 12:16 PM   #1
TheRifleman
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Real Estate prices

The real estate prices in Cambridge are insane.

Quote:
Properties at 17-41A Brattle Street in Harvard Square Cambridge will sell for over 100Million. Charlotte-based Asana Partners said it purchased the cluster of buildings on 1-8 and 17-41A Brattle St., which house several businesses — including Black Ink gift shop, Cardullo’s Gourmet Shoppe, and Flat Patties restaurant. It’s the company’s first local acquisition
https://www.bostonglobe.com/business...M1I/story.html

I would say the Mom and Pup stores are going to be obsolete in these areas.

These real estate price #'s are astronomical.

NO INFLATION?
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Old 12-19-2017, 02:26 PM   #2
Arlington
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Re: Real Estate prices

Also as reported in the unpaywalled Cambridge Day.

Quote:
Originally Posted by TheRifleman View Post
The real estate prices in Cambridge are insane.
https://www.bostonglobe.com/business...M1I/story.html
I would say the Mom and Pup stores are going to be obsolete in these areas.
Strikes me as quite sane: a rare object that produces decent income now and at some point could probably have additional density stacked on top of it (maybe at the back of the lot, not visible from the nearest sidewalk, or something sensitive to deco or brick context at the streetwall).

It is hard to imagine properties that are better long-term places to park money than land this close to Harvard and the Red Line. Kinda like the Harbor Garage (without the risk of sea level rise).

To me, it also shows the unfortunate side of not having a land tax (based on proximity to transit) but instead having a property tax (that encourages people to keep [undersized], depreciated buildings on transit-accessible land)

As for "mom & pop" stores, sure, the world of retail is changing thanks to Amazon and other have-it-delivered / don't-leave-your-house options that people have for getting stuff and media. The stores that survive will likely be selling either highly unique stuff, food-and-perishables, or impulse buys
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Old 01-03-2018, 11:54 AM   #3
TheRifleman
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Re: Real Estate prices

Muti-families for sale
Everett 650K for 2 Family's
Chelsea 750K for 3 unit
Malden 689K 3 Unit
Chelsea 1.35 Million 6 Unit

These areas are about 50% section 8?

This is INSANE
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