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Capacious Chelsea loft with 20-foot ceilings on sale for under $400 a square foot

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The tag for a spread like this in Boston’s northern neighbor shouldn’t be a surprise

An open, airy loft with a metal staircase leading down to a kitchen. Photos via Jeffrey Bowen

In a Boston where $677,500 is the median sales price for condos, $500,000 seems like a pretty sweet deal.

That is the asking price for Unit 35 at 950 Broadway, a collection of loft-style condos in Chelsea, one of Boston’s northern neighbors. The city has long been much less expensive than its larger neighbor, so the $500K asking—which pencils out to $359 a square foot— should not be a surprise.

What does it buy in Chelsea? Unit 35 is capacious, with 20-foot ceilings and an open floorplan. The condo includes one bedroom and one bathroom as well as access to a shared deck. The tag also covers heated garage parking.

We’re guessing a condo like this a few miles to the south would cost tens of thousands more, if not hundreds. What’d you think?

An open kitchen next to a set of metal stairs.
A bathroom with a tub and a separate glass-enclosed shower.
An open room with a stack of sleek drawers.