5
January
2016

Sepia Condominiums at Ink Block

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Towards the end of last month the Sepia Condominiums began closing located at 32 Traveler Street in Boston’s South End and more specifically the Ink Block neighborhood. This location which for decades has mainly been home to industrial buildings has had a burst of development within recent years. The large project at Sepia which is very visible of I-93 consists of condominiums as well as apartments. The neighborhood is also home to a state-of-the –art Whole Foods which was completed just over a year ago. While many in the real estate community were reluctant to think this location could achieve similar pricing to the more residential sections of the South End, the sales prices speak for themselves and they are very impressive. The 75-unit condo complex consists of a wide range of properties from studios to spacious three bedrooms. Of the 67 market rate homes in the building the average price per foot was $1,036/sf and the median sales price was $937,900. There were also seven units in the building trading for more than $2,000,000 with the highest sales being two penthouses which each sold for $2,205,000. With sales figures like this in a section of Boston which in years past would have been undesirable, it is no wonder there are cranes everywhere you look.

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