DNA Lofts to be auctioned off October 6, new Dorchester condos
Sep 2011 08

Twenty five condos in the DNA Lofts will be auctioned off on October 6, 2011. Minimum bids begin at $115,000 with many minimums at $165-$180 per square foot. An outside parking space is included in each of the purchase prices.

The minimum prices are significantly lower than what homes sold for on the open market. A closing of a ~1,353 square foot loft was recorded in May of this year for $365,000, or $269 per square foot.

The DNA Lofts was a project that was built in the right place at the wrong time. Completed in 2008, it missed the housing boom and sales were slow. The interiors of the condos are nice and attractive and the location is prime for those looking for city living.

The DNA Lofts is a 59-unit condominium projected located at 944 Dorchester Ave, near Columbia Road, with easy access to South Boston and downtown Boston, the Southeast Expressway / Rte 93, and the MBTA Red Line at JFK/UMASS.

Many of the units are lofts of impressive modern space with some of the original character of the original industrial structure, with polished concrete floors, high ceilings, top of the line kitchen with stone counter tops and stainless steel appliances, and 16 foot ceilings.

The auction will be held at The Colonnade Hotel, 120 Huntington Avenue, in Boston, with registration beginning at 6pm.

The DNA Lofts Auction site has details on minimum prices and sizes.

Please let me know if you have any questions about the DNA Lofts or about how auctions work.

1 Comment

  1. I have seen this condo/loft community and it is very appealing from the outside. These are great deals for these units.

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