Tiny condo units

We all know the location mantra, but what about space, space, and more space? The developers of a Somerville project are betting that smaller and cheaper are better. They have taken an old, brick apartment building in Somerville at 26-28 Pinckney St. near Sullivan Square and rehabbed the 3,667-square-foot building into 10 condos that are about to go on the market.

Two 200-square-foot units will be offered at $99,900 and will include a Murphy bed and love seat. At the "bigger" end, there are two 529-square-foot units that will be offered at $199,900. (The rest fall in between.) A 200-square-foot unit is about the size of a bathroom and dressing area in one Back Bay condo currently on the market, and would be the smallest units on the market in Massachusetts, according to the Multiple Listing Service. Rob Ticktin and his partner on this project, Peter Albano, admit they may be out on a real estate limb. "So the question that my partner and I have been going back and forth on for the past nine months or so is, how much is someone willing to pay for a 200-square-foot condo?" Ticktin wrote in an e-mail. "It is tiny, but it's also $45,000 less than the cheapest condo in all of Somerville."

It was on the market for more than two years, but Aerosmith guitarist Brad Whitford and his wife Karen's 5,567-square-foot custom Federal-style Cape in Marshfield Hills was finally sold, to Kenneth and Carolyn Shea, for $3 million. The 10-room main house sits on a 17-acre, gated hilltop that includes a two-bedroom carriage house and a six-car garage. The original asking price was $4.9 million.

Carol Beggy can be reached at cbeggy@globe.com.