Meg K.
Yelp
Update: after just 24 hours, I've already heard back from Yelpers who have been helped by this post! Keep the messages coming :) In addition to the apartments below, check out 2 mo free rent at the new Troy Boston, 6-wk free at Eleven West Broadway, 1 mo free + $1000 at The Batch Yard, and 1 mo free at South End's Ink Block. CurbedBoston is a good source for these deals; search posts tagged with "Free rent watch" http://boston.curbed.com/search.php?origin=cbos&sites=locale&blogs=46&query=free+rent
Dear Reader, I've worked hard crunching these numbers for you. I hope the post is helpful. Please send me a message if it is! :)
They just increased our rent $150/mo at KBL, which inspired me to do some shopping around.
Let's say you are considering KBL, 315 on A, or The Kensington.
(Spoiler alert: KBL is more expensive than many of the brand-new luxury buildings going up around the city.)
KBL studio:
$2574 rent
+$30 pet rent
+$60 laundry facilities
+$150 HVAC (details below)
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$2814 for a studio in an old building with a view of TT the Bear's dumpsters, loud tenants, thin walls, and no outdoor space.
315 on A, 1 bedroom corner unit w/ huge windows on 19th floor:
$3699
-3 mo free rent (current incentive)
$0 HVAC
$0 for laundry
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$2794 to live in a brand-new luxury building in a trendy seaport neighborhood with in-unit laundry, killer city views, thick walls, gym in the building, penthouse common space in the building, and a roof terrace.
The Kensington, 1 bedroom on 25th floor:
$3670
-3 mo free rent (current incentive)
$0 HVAC
$0 laundry
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$2752... PLUS a $1500 signing bonus to pay for your move! Incredible luxury building with nicest lobby you've ever seen, in heart of downtown Boston, with sweeping city views, in-unit laundry, thick walls, great gym and common space in building, guest rooms available to rent your visitors!, and a roof deck terrace with a pool!
So, dear reader, I wish I had known this earlier. I was put off by the "sticker price" of the luxury buildings, not realizing that they are all fighting for tenants and offering crazy incentives to move there, such that it's cheaper than the old buildings.
KBL is terribly mis-managed. I see tons of vacancies at their sister property, the lofts on Sidney. And I know there are tons of vacancies in my building-- the apartment across the hall has been empty since May. They've literally lost over $20,000 dollars (think about that number! $20,000!!!!) on that ONE unit already, and they aren't interested in offering us ANYTHING to stay in our apartment.
It's a huge company with lots of properties. They don't care about filling vacancies, and they don't care about you as a tenant.
FYI, I did contact several people in management, including Jodi C, who commented on my post. I'm not sure why she asked me to call, since she wasn't able to do a single thing to address any concerns listed here.
...Aside from the math, here is what I have to say about the building.
First, the pros: The location is ideal for an MIT student and our unit is amazing. Management does a good job of keeping up the place-- nice clean floors in the common areas, in spite of all the salt and mud being tracked in, etc. I've put in two maintenance requests (one for a loose shelf in the closet, the other for a lightbulb) and both were filled within a day. Easy.
Biggest drawback here are the thin walls. As everyone has complained about, you can really hear everything. Whether or not it's a problem depends on your neighbors. I had one really crappy loud neighbor who blared music all hours of the day and night. The others don't bother me much.
The second complaint I have is that the building charges you separately for using HVAC system. We already pay our own utilities for heat and electric... but then, on top of that, you get a bill from KBL for using the HVAC system to RUN your heat or a/c. Super annoying and it was deceitful that they didn't mention it to us. (The June 2014 bill for our studio apartment was $140 for HVAC alone!!! Be sure to factor this hidden cost in, on top of regular heat and electric!) It's also worth noting that the HVAC charges are averaged over the building, so you're powerless to do anything about the cost-- you can't run the heat lower/less often to reduce the behemoth bill. Just budget for some serious $$$ in Jan, Feb, March, June, July, August, Nov and Dec.