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3800 Washington Street, finally…

After four years of wrangling and some shenanigans, someone has bought 3800 Washington Street. The 14-bed, 11-bath, 20,500-square-foot property closed a $15,750,000 this week.

With three separate parcels and the ultra luxury market in a cooling pattern, I see a developer likely splitting off at least one lot. The physical structure will take years and at least $5,000,000 in capital to upgrade.