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Sell-outs around LIC

1050Jackson.jpg
Big line up outside the 10-50 Jackson office on opening day.

The building projects around Long Island City seem to be moving fast. Here is an eyewitness report from day one of 10-50 Jackson's marketing:
"Hey no 10-50 is not my project, i did 2 deals there the first day it opened, i got there at 6:30am and was the third person online, the first day there were more then 90 people dying to get a unit, it was nuts, the way there doing it, is that they are not selling any units during the week, but only on Sundays from 1-4 and they are not taking any appointments, so technically yesterday was the third day, even though it opened three weeks ago, yesterday there were a bunch more people there, the first one arriving at 6:30am Saturday morning, by 11pm Saturday night, there were already 8 people online, camping out. By 730am they were up to 18 people. Im not sure what the current sales stats are but as of Saturday they were 50% Sold, they only release about 16 units each day, they probably are at least 75% sold..."

"Ive been in real estate for 5 years now, 2005 with the absolute best year ever, but even then in Manhattan i never saw people lining up 31 hours before in the cold and snow just to buy an apartment... I have a picture from the first day it opened if you want..."

Results
10-50 Jackson Seems to be selling out about 50% of what they make available
The Galaxy Sold out
The GantryApparently nearly sold out
5SL 75% sold out
Echelon 80%+ is sold out.
Badge Building Only a couple of units left
Fusion LIC Apparenlty also 50%+ sold
Purves Street Sold
Arris Nearly sold out

Apparently, there is lots of appetite for projects here in the hood. And the prices...well, they keep climbing.

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