Brief Summary Of Eliot Conviser's Room
THE BRIMMER STREET GARAGE
Eliot Conviser, a young real estate developer, and his wife were finishing some egg rolls at the Golden Temple restaurant in downtown Boston in March 1979, when he spotted a familiar face at a nearby table. Wes Marins, a veteran broker in the real estate of Boston's downtown areas, had just paid his bill and was making his way over to the Conviser’s table.
"What a coincidence, Eliot," Marins remarked." You were on my list of people to call this week. Want to buy a garage?"
Although buying a garage was the farthest thing from Eliot’s mind–he ,specialized in residential condominium conversions in Boston's Beacon Hill and Back Bay neighborhoods–he was curious about the opportunity. "Sit down for a minute and …show more content…
Ed Bennett tried to convert it to condos a few years back but the renters weren't interested. It's a pain in the neck for him to manage, and Ed's got better things to do with the money. If you're interested, give me a call this week."
"I’ll do better than that, Wes. I’ll meet you there tomorrow morning at 7:00, and I’ll bring your check. If I like what I see, we can decide how to fill it out. And, speaking of checks–your drink is on me."
On the way back to their own car, parked on a dark side street at some distance from the restaurant, Eliot turned to his wife "What do you think? Say the place is structurally sound and it will cost a maximum of $100,000 to put it into good shape. Say we treat it like any condominium property and bill it as a good investment as well as a good place to park. Say we charge $7,500 per unit. Why can't we be in the black from day one on?"
"I wonder why Ed couldn't convert the units himself," replied his wife, who participated actively in Mr. Conviser's business ventures.
"I wonder how much earnest money we can afford to put up," continued Eliot. "I know the answer to that. No more than $25,000,” replied his …show more content…
Roofing: Check and renew roof and flashing where necessary. Contractor's five (5) year warranty on the entire roof will be delivered to the Condominium Trust.
2. Heating: Renew all steam supply and return lines as necessary. Add five(5) new heater blowers throughout the garage. Repair or replace, as necessary, beating facilities in the office, lavatories, and storage areas.
3. Sprinklers: Repair sprinkler system so as to be fully operational and without leaks.
4. Fuel pumps: Install two (2) reconditioned gasoline pumps.
5. Lighting: Wash and relamp all fixtures. Install additional lighting in the pump area, hallways and office areas. Install emergency lighting in the hallways.
6. Communications: Install new two-way intercoms and telephone extensions to all floors.
7. Blacktopping: Repave or patch blacktopped areas where needed.
8. Painting and cleaning: Power wash and paint all walls and ceilings. Power wash all floors. Replace all broken glass. Stripe and identify all individual units.
9. Elevator: Fully inspect elevator and reactivate safety gates on every
Eliot Conviser, a young real estate developer, and his wife were finishing some egg rolls at the Golden Temple restaurant in downtown Boston in March 1979, when he spotted a familiar face at a nearby table. Wes Marins, a veteran broker in the real estate of Boston's downtown areas, had just paid his bill and was making his way over to the Conviser’s table.
"What a coincidence, Eliot," Marins remarked." You were on my list of people to call this week. Want to buy a garage?"
Although buying a garage was the farthest thing from Eliot’s mind–he ,specialized in residential condominium conversions in Boston's Beacon Hill and Back Bay neighborhoods–he was curious about the opportunity. "Sit down for a minute and …show more content…
Ed Bennett tried to convert it to condos a few years back but the renters weren't interested. It's a pain in the neck for him to manage, and Ed's got better things to do with the money. If you're interested, give me a call this week."
"I’ll do better than that, Wes. I’ll meet you there tomorrow morning at 7:00, and I’ll bring your check. If I like what I see, we can decide how to fill it out. And, speaking of checks–your drink is on me."
On the way back to their own car, parked on a dark side street at some distance from the restaurant, Eliot turned to his wife "What do you think? Say the place is structurally sound and it will cost a maximum of $100,000 to put it into good shape. Say we treat it like any condominium property and bill it as a good investment as well as a good place to park. Say we charge $7,500 per unit. Why can't we be in the black from day one on?"
"I wonder why Ed couldn't convert the units himself," replied his wife, who participated actively in Mr. Conviser's business ventures.
"I wonder how much earnest money we can afford to put up," continued Eliot. "I know the answer to that. No more than $25,000,” replied his …show more content…
Roofing: Check and renew roof and flashing where necessary. Contractor's five (5) year warranty on the entire roof will be delivered to the Condominium Trust.
2. Heating: Renew all steam supply and return lines as necessary. Add five(5) new heater blowers throughout the garage. Repair or replace, as necessary, beating facilities in the office, lavatories, and storage areas.
3. Sprinklers: Repair sprinkler system so as to be fully operational and without leaks.
4. Fuel pumps: Install two (2) reconditioned gasoline pumps.
5. Lighting: Wash and relamp all fixtures. Install additional lighting in the pump area, hallways and office areas. Install emergency lighting in the hallways.
6. Communications: Install new two-way intercoms and telephone extensions to all floors.
7. Blacktopping: Repave or patch blacktopped areas where needed.
8. Painting and cleaning: Power wash and paint all walls and ceilings. Power wash all floors. Replace all broken glass. Stripe and identify all individual units.
9. Elevator: Fully inspect elevator and reactivate safety gates on every