The Bindery Sells out in Long Island City

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    The LIC condo building The Bindery, located at 47-34 11th Street, sold out at the end of February. The seven-story, 20-unit building hit the market in spring of last year and hit the 50 percent mark over the summer. Prices for the one- and two-bedrooms units, which ranged from 494 to 971 square feet, started at $450,000 — according to Modern Spaces, it’s “one of the first residential properties in Long Island City that sold for over $1000 per square foot with one of the homes selling for $1,166 per square foot after coming onto the market in April.”

    Here’s what Modern Spaces’ Eric Benaim has to say about the recent sell out: “The tremendous pace at which the Bindery homes were sold speaks volumes of the continued demand of luxury living in the area. 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 Bindery Hits 50% Sold [Q’Stoner] GMAP

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