Oct 2009 22


This morning I while checking out the new listings of the week I noticed something unusual – something which seemed conflicting especially in this economy.  Now before I point this out I want to acknowledge that while Back Bay property values have held strong throughout the “crisis” it is still certainly not the market of pre 2006.  Thus today’s confusion at the pricing of Mandarin Oriental Unit 9E-B at $4,200,000 since it sat unsold  with an asking price of $3,995,000 (originally $4.5) for 286 days until taken off the market in November of 2008 .

Personally, I think a good strategy would be to price this unit on the lower side – stir some interest, get buyers in and sell at a fair price.  Without a doubt units at the Mandarin do have a prime Back Bay location, all the amenities  of the 5star hotel and not to mention direct access to both Pru and Copley shopping.  It will be interesting to see what happens.

If you would like to schedule a buyer showing please contact me at 508.930.6232 or email jheller@warrenre.com.

Property Details:

Bed: 2   Bath: 2.5

2,607 sq.ft. ($1,611.05/sq.ft.)

Description (as stated in MLS): Amazing FRONT FACING totally finished 2 Bed/2.5 Bath at the Mandarin Oriental! On the 9th floor of the desirable East tower, this 2600+ sq ft luxury residence offers the best in full service living that Boston has to offer! Oversized living dining room with cascading views over Back Bay Proper to the campus of MIT and beyond! Finished with beautiful Ash floors, custom moldings and built-ins, and a gas fireplace! 1 Assigned Parking Space Included! Available to Rent at $18,500/mo!

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