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46-20 11th Street rendering 46-20 11th Street (rendering via Modern Spaces)
Another 42 condos will be soon be added to Long Island City's inventory thanks to The Bond, a new 7-story development that topped out at 46-20 11th Street this past March. A newly-debuted teaser website shows off a fresh rendering and some insight on the project: the former site of paper factories, The Bond will "re-conceptualize the neighborhood's industrial legacy" and consist of chic one- to three-bedroom layouts.

Sales are supposed to start any day now, and an offering plan filed with the New York State Attorney General's office was accepted late last month means the ball is definitely rolling. The projected sellout is $48.1M, which comes out to roughly $1.145M per condo. For reference, one-bedrooms in Long Island City have a current median price of $875K; two-beds for $1.427M, and three-beds are fetching $1.9M. Modern Spaces will be handling sales.
46-20 11th Street construction march 46-20 11th Street construction progress back in March 2018 (CityRealty)
As previously reported, The Long Island-based Chatham Development Company is behind the forthcoming project and the Lions Group serve as co-developers. It replaced a two-story warehouse that the team acquired in June 2016 for $9.8 million, according to city records. Popular Queens architect Raymond Chan shaped the building's contemporary design made up of attractive brick and glass elements.
The 42 apartments will feature solid-wood flooring, high-end appliances, and outdoor spaces for select units. Amenities will include garage parking for 21 vehicles and two recreation spaces for tenants on the ground floor.

Residents here will have lots of transportation options with the E, M, 7, G subway lines and the NY Ferry stop nearby.
Rendering of 46-20 11th Street via its partial funders iCross
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Content Specialist Sandra Herrera Sandra Herrera is a writer, editor, and graphic designer based in Brooklyn, NY.
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