The Real Deal New York

Eight-unit W’burg condo 291 Devoe sells out

November 21, 2011 06:14PM

East Williamsburg’s 291 Devoe, an eight-unit boutique condominium between Catherine and Olive streets, is 100 percent sold after just over a year on the market, according to MNS, the exclusive sales and marketing firm for the project.

The developer of the project is Chicago’s Builders Bank; the bank was originally the construction lender on the project before ultimately taking over at the property, according to Lyon Porter, vice president at MNS.

“With many of the homes sold to first-time homebuyers, this is a great indication that buyer confidence is returning and that a well developed building will not last on the market long,” said Dave Behin, partner at MNS.

The one-bedroom units at the property range from 675 square feet to 1,361 square feet and sold for between $390,000 and $505,000, according to Streeteasy.com. Sales launched at the property in October 2010. — Katherine Clarke

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