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Back Bay’s 401 Beacon Street conversion underway

Penthouse asking $14.2M has already traded

The conversion of the apartment house at 401 Beacon Street in Back Bay into six condos with direct elevator access got underway on Oct. 21. The sale of the building itself, in fact, closed the day before for $15,000,000. Rene Rodriguez of Cabot & Co. had listed the property.

He had also listed its future penthouse for a cool $14,200,000. That duplex, which will run to more than 6,300 square feet and include a 3,000-square-foot (!) private roof deck, is expected to go under agreement any second now. Unit 4, an expected 2,900-square-foot floor-through, is also on sale for $5,950,000.

PEG Properties, the same folks who brought you the South End’s Chevron condos, are behind 401 Beacon’s conversion. That conversion, which will likely include a garage, is expected to wrap by early 2018.

It will mark another twist in the long history of the Back Bay address. The building was once the site of a townhouse dating from the 1860s. A new owner demolished that townhouse in 1927, and erected the apartment building that endured into the 21st century.