Long Island City real estate continues on its hot streak, as another luxury condominium reaches its 100 percent sold mark.
The Bindery, a 20-unit residential building located at 43-37 11th St., has been completely sold by real estate and brokerage company Modern Spaces. The building is one of the first residential properties in the area that sold for over $1,000 per square foot with one of the homes selling for $1,166 per square foot after coming onto the market in April.
“The tremendous pace at which the Bindery homes were sold speaks volumes of the continued demand of luxury living in the area,” said Eric Benaim, CEO and president of Modern Spaces. “Everything from the name to the design of the building hit a note with buyers and we couldn’t be more pleased to have brought this project to completion in less than a year.”
The condominium, developed by NY Lions Group and Craig Axelrod, is made up of seven floors including studios, one- and two-bedroom apartments. The interiors of the building feature wood flooring with a reclaimed effect throughout, exposed brick walls, gourmet kitchens, luxury bathrooms, and many of the units come with their own private balconies, terraces or garden.
“The success of The Bindery is owed to its personality – residents today are looking for more character in their homes and have really connected with the building’s homage to the neighborhood’s bookbinding history,” said Jennifer Dorfmann, managing director of sales for Modern Spaces. The sell-out of The Bindery speaks to Long Island City’s continued transformation into a cultural hotspot.”
Some of the amenities of the building include a landscaped rooftop, fitness center and a virtual doorman. To enter The Bindery, residents will go through a library instead of a lobby, keeping up with the inspiration of the historical book binding factories in Long Island City.
The Bindery is also close to the E, M, 7 and G subway lines, and is just minutes away from Manhattan.