Generally speaking, this is considered any part of Williamsburg east of the BQE. This is the land of the newly built untraditional layout (so-called “lofts”). You’ll find a lot of 18’ ceilings and windows, mezzanines/duplexes, home offices, convertible-2’s and 3’s. Those of us who work the area know that north and south of Grand St are pretty different. They attract a different buyer and are in different phases of their development.
Looking at condo closings in the past 6 months or so, you’ll find that there aren’t that many closings in this area. We’ve had a real shortage over there in 2012. With smaller samples averages don’t mean as much, but what I’m seeing is about $650/sf north of Grand (nearly $720/sf for current listings), and just short of $600/sf for the area to the south of Grand (and nearly $620/sf for current listings). Elevators and views are not so common on this side – if you've got that and it’s near the L train you’ll pull northside buyers and it will go for much higher.
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