Bindery condos in Long Island City are 50 percent sold in under two months

June 05, 2013 04:00PM

Sales at the Bindery condominiums in Long Island City have reached the 50 percent mark, according to Modern Spaces, which is handling the sales and marketing at the property. This comes less than two months after the 20-unit condo launched sales, as The Real Deal reported.

One of the homes sold at $1,060 per square foot — a record for the area — according to the Modern Spaces press release. However, its square footage was not available.

“This is a huge sales accomplishment for the Bindery in a very short period of time,” said Jennifer Dorfmann, a senior vice president at Modern Spaces and director of sales, in the release. “Having sold these homes at record prices speaks volumes to the desirability of Long Island City.”

The seven-story building is slated for June completion, and residents are expected to move in this August. The building includes studios, one- and two-bedroom units spanning 494 to 971 square feet. Prices start at $450,000. Homes come with wood flooring and exposed brick.

Lions Group and Craig Axelrod are the developers on the project. The team is also developing the Vista condo in the neighborhood, which is designed fully in accordance with feng shui principals, as The Real Deal also reported.

The Bindery channels its spirit from the historic book binding factories in the area. Residents will enter the building through a library, not a lobby area. —Zachary Kussin