The remaining 21 units at The American Brewery Lofts went to Auction today June 26th 2010. The auction was held at the Colonnade Hotel and was put on by Velocity Marketing.
21 of the remaining 79 units were up for auction and all but one had sold while we were in attendance. 3 units were taken out of the auction format and were offered to the bidders conventionally.
This was the first auction that we acted on behalf of one of our clients and they are thrilled with the value and final price that resulted at the end of the auction. We purchased a 1,621 sq ft unit that was originally asking $559,000 and we succesfully won it at $355,000 a savings of $204,900 off the original asking price or roughly 36% off ask.
We have a full spreadsheet of all the end results so feel free to mail or call us for a copy of the excel workbook.
The unit that we purchased on behalf of one of our investors will be available for rent so please inquire if you are interested in renting a fabulous Penthouse level unit with covered garage parking.
Contact: Ashley Rose (617) 899-7669 or email Ashley.rose@lofts.com
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Please email a copy of excel workbook for brewery auction results. Thanks!
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