Affordable Mews

Bargain units back on the market

by Judy McGovern

posted 9/13/2009

In the aftermath of the global financial meltdown, it's a rare piece of real estate that's holding its value. But it seems to be happening at Ashley Mews--at least for the eight small "affordable units" the city required the developer to include as a condition of approving the downtown condominium in 1999. Three of the one-bedroom, one-bath units were on the market in August, listed at $116,135 each--in every case, more than the buyer originally paid.

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