South Station Live/Work
717 Atlantic Ave. 1-B Boston, MA 02111
For Sale
$775,000
770 SF commercial condo in Boston's South Station area.
Property Size770 SF
Price / SF$1,006
Days on Market98
Property Features for 717 Atlantic Ave. 1-B
General Information
Standard status
Active
Size
770 SF
Property subtype
Commercial
Building Details
Year Built
1899
Listing Agency:
Douglas Elliman Real Estate - The Sarkis Team
(617) 875-4950
Listed By:
The Sarkis Team
(617) 875-4950
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 10:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman Real Estate - The Sarkis Team
Investment Insights
Based on property information with market context.
This property is a 770 square foot commercial live/work condominium located in Boston’s South Station area. It is situated within an eight story, 30-unit residential building. The location is directly across from South Station and the new Ritz-Carlton luxury residential development, which features 166 luxury units. The unit is suitable for a variety of uses, including residential live/work, creative studio or arts loft, retail, professional office, psychiatrist or therapist office, or other commercial uses. The property has a bike score of 77, indicating it is very bikeable. The walk score is 99, designating it as a walker's paradise, and the transit score is 100, identifying it as a rider's paradise.
Key Highlights
- Unbeatable Transit Access: A "Rider's Paradise" with a perfect score of 100, directly across from South Station.
- Prime Location: Situated in Boston's desirable South Station area, across from the Ritz‑Carlton.
- High Walkability: A "Walker's Paradise" boasting a score of 99, offering convenient access to amenities.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.8k | $50.40 |
| − Vacancy | −$8.5k | −$11.09 |
| EGI | $30.3k | $39.31 |
| − OpEx | −$7.6k | −$9.83 |
| NOI | $22.7k | $29.48 |
770 SF · lease $50.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$324.3K
$283.8K – $378.4K
NOI $22,703 @ 7.0% cap · market cap 2.93%
Second Best
Mixed Use
$268.5K
$235.0K – $313.3K
NOI $18,798 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$576.6K
$504.5K – $672.7K
NOI $40,360 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Live-work space - 770 SF commercial condo in Boston's South Station area.
Where is this live-work space located?
The property is located at 717 Atlantic Ave. 1-B Boston, MA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Unbeatable Transit Access: A "Rider's Paradise" with a perfect score of 100, directly across from South Station.; Prime Location: Situated in Boston's desirable South Station area, across from the Ritz‑Carlton.; High Walkability: A "Walker's Paradise" boasting a score of 99, offering convenient access to amenities.
