Attention Artists! Unique Live/Work Loft in Historic Seaport Building.

Discover the perfect blend of history and creativity in Live/Work Loft #62, a sun-drenched 6th-floor unit nestled within a limited-equity artist cooperative in Boston's vibrant Seaport area. This stunning loft is situated in a historic 1898 Boston Wharf building, boasting high ceilings and original details that echo its storied past.

Facing south, the expansive arched windows offer breathtaking views of South Boston and the distant Blue Hills, flooding the space with natural light. Ideal for artists seeking an inspiring environment, this loft provides the opportunity to live in the heart of Boston at below-market rates.

The space features a well-equipped kitchen with a large eat-in island, in-unit washer and dryer, and a very large closet with additional loft storage above. Twelve-foot ceilings enhance the airy feel, complemented by bamboo floors throughout, except in the studio, which has a concrete floor. A versatile sleeping alcove serves as a guest room or can be used as an office.

Residents enjoy access to a well-maintained building with a rooftop deck, offering panoramic views of Boston Harbor, the Seaport, and South Boston. The prime location ensures easy access to South Station, Logan Airport, the Harborwalk, the Greenway, the ICA, Chinatown, the North End, and a plethora of the best restaurants, cafes and entertainment.

Embrace the chance to be part of a creative community in a historic setting, where art and life converge seamlessly. Don't miss this rare opportunity to own a piece of Boston's artistic legacy.

COSTS EXPLAINED

1. PRICE

The price ($523,793, as of February 15, 2025) is the maximum amount the Buyer may offer the Seller for the Stock Transfer for Live/Work space #62, paid with cash or a combination of cash and “share loan” (second mortgage, after the Coop’s mortgage).

The Buyer must submit an Offer to the Seller. The Purchase and Sales Agreement (P&S) is subject to the Offer.

If Buyer secures a “share loan,” the monthly payment on that loan is in addition to the monthly coop fees described below in #2.

Buyer should read in full about the financial and legal structure of owning and selling Stock for a Live/Work space, available on the Coop’s website. (See Live Here.)

** 2. MONTHLY COOP FEES

All three monthly coop fees are based on the Live/Work space’s pro rata share of the total coop square footage.

$1,404 Debt Fee: Live/Work’s portion of Coop Mortgage or Coop outstanding loans (Coop Loans cannot be paid off by individual Members). Interest on all loans paid as part of the Debt Fee is tax- deductible. (Principal is added to price when Member sells, recouping most of monthly contributions over time.)

$1,075
 Members Assessment Fee (Common expense): Includes common area utilities, repairs, maintenance, cleaning; management fees, trash/recycling, snow removal, master insurance; Live/ Work’s heat, air conditioning, and property taxes. Determined by the Coop’s annual budget.

$437 Capital Reserve Fund (CRF) Contribution: The Capital Reserve Fund is for large repairs or replacements such as a new roof or windows. The amount is added to price when Member sells, recouping monthly contributions over time.

Total Monthly Coop Fees for Live/Work #62 = $2,916

3. ADDITIONAL COSTS

If a “share loan” was secured to finance purchase, monthly payments on that loan

Monthly water for individual Live/Work, metered, based on actual usage

Monthly electric for individual Live/Work, metered, based on actual usage, billed directly by electric company

Home insurance (required by Coop by-laws)

Internet/Cable (choice of RCN, Comcast, and Verizon)

Buyer's must be a practicing Artist:

Buyers must be practicing visual artist and live here as their primary residence. For more information about qualifications please visit: https://www.300summer.org/what-you-need-to-know

Co-op board approval required.