Price is right for recent grads?

Developer Henry Justin of HJ Development recently bought an East Midtown building with a specific buyer in mind: freshly minted college graduates and people looking for a pied-a-terre. The developer purchased a vacant, 14-story building at 211 East 51st Street for $46 million, Justin said. He plans to build 74 units ranging in size from 500 to 1,200 square feet for one- and two-bedrooms. Prices will run from $600,000 to $1.5 million, he said. more By Lauren Elkies

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