It had been several months since a loft-style condo had closed at the 1850, a new 60-unit condo development on the southern border of the South End, but with two closings in December, the building is now more than 1/3 sold.
Selling prices at the 1850 South End have stayed relatively close to their original list prices, with only a small handful of the units being sold for less than list price, pushing up the sales to list price ratio to near 100%. Summary sales statistics at 1850, where units started going Under Agreement in early 2008, include the following.
Units Sold: 21 of 60
Average Sales Price: $351,395
Median Sales Price: $369,000
Average Price per Square Foot: $447
Sales to list price ratios, specifically at new developments, should be taken with a grain of salt, however,”pricing of a new development is more an art than a science,” says John Keith, a local real estate agent. “Unlike other new developments where all the units were listed for sale (in the MLS), here they are wisely releasing them over time, apparently being able to keep the building looking attractive from a price perspective.”
The Boston MLS currently shows lofts at the 1850 listed from $329,000 for 732 square feet to $565,000 for 1,148 square feet. There is a parking lot adjacent to the building where spots are being made available for sale separately at $39,000 each.
Keith Munsell 
The 21 out of 60 units sold looks to include several of the “affordable” units, based on the price per square foot.
I just browsed the pics and the interior is great. Also, like the location…right near my old stomping ground at Northeastern University.