With all that in mind, boutique buildings aren't necessarily for everyone. While some buildings have incorporated basic amenities like a roof deck or bike room, one can't necessarily expect the array of over-the-top amenities found in a luxury high-rise. Additionally, when capital improvements are required for a building, mathematics dictate that the smaller pool of residences to draw from means the cost per unit will be higher.
If boutique living is for you, you're in luck - developers are recognizing this and working on a number of boutique condos in Manhattan, Brooklyn, and Queens. Not only does this speak to buyers' wishes, but low-rise new development is often seen as less intrusive to established neighborhoods than new high-rises. We take a look at some of the newest buildings that have recently launched sales.
In this article:
Pros of Boutique Buildings
• More privacy and quieter living
• Communal atmosphere with staff and other residents
• Greater likelihood of getting on a board and having a say in the running of the building
• Potentially located in a historic neighborhood where zoning prohibits high-rises
• Fewer availabilities can mean higher valuation
Cons of Boutique buildings
• Low-rise buildings mean less impressive views
• Less impressive amenity package
• Higher fees for special assessments or other repairs
• Harder to avoid unpleasant neighbors
• Fewer availabilities makes it hard to compare sales history on other units in the building
29 West 21st Street
7 stories | 6 units
1 availability for $3,245,000
7 stories | 6 units
1 availability for $3,245,000
441 West 37th Street
11 stories | 9 units
4 availabilities from $1,975,000
11 stories | 9 units
4 availabilities from $1,975,000
5 stories | 10 units
3 availabilities from $1,399,500
3 availabilities from $1,399,500
5 stories | 20 units
2 availabilities from $310,000
2 availabilities from $310,000
6 stories | 7 units
2 availabilities from $1,200,000
2 availabilities from $1,200,000
1437 Hancock Street and 1504 Jefferson Avenue
4 stories | 18 units
3 availabilities from $677,000
4 stories | 18 units
3 availabilities from $677,000
4 stories | 6 units
2 availabilities from $725,000
2 availabilities from $725,000
669 Saint Marks Avenue
5 stories | 10 units
4 availabilities from $1,345,000
5 stories | 10 units
4 availabilities from $1,345,000
199 Conover Street
3 stories | 22 units
4 availabilities from $925,000
3 stories | 22 units
4 availabilities from $925,000
30-57 Crescent Street
6 stories | 10 units
4 availabilities from $774,000
6 stories | 10 units
4 availabilities from $774,000
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