“Boutique” Condo Sells out With Nice Numbers


The demand for these Williamsburg “boutique” condo units is apparently high. The East Williamsburg, seven-unit condo building at 238 Ainslie Street (aka The Sette) just sold out with some eyebrow-raising numbers. The broker on the development says that sales averaged over $850 a square foot — check out some of the recorded sales over at Streeteasy. The A-line units are 564 square feet and the B-lines come in at 586 square feet, and all apartments have one bedroom. Also just closed is a 671-square-foot penthouse unit asking $735,000; it sold at $1,047 per square foot. Just last week there was a jam-packed open house at 199 South 1st Street, another small condo development, so the demand is moving south as well! GMAP

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