Modern Spaces Launches Sales at FIVE FortyOne In Long Island City

The official launch of sales has taken place at FIVE FortyOne, a luxury boutique condominium in Long Island City.

By Jeffrey Steele, Contributing Writer

Long Island City, N.Y.–The official launch of sales has taken place at FIVE FortyOne, a luxury boutique condominium in Long Island City. Residential brokerage Modern Spaces is bringing FIVE FortyOne to the market. New York-based real estate company Ascent Development is developing the property.

“Five FortyOne is perfect for a buyer looking for a house and the feeling of a true home,” Jennifer Dorfmann, executive vice president and managing director of sales at Modern Spaces, tells MHN. “The building offers three bedrooms with additional office areas [and] large outdoor spaces in a smaller, more intimate setting. And when you step inside the apartments, you really have the feeling of walking into a house.

“A number of the buyers who are coming to see the building live in Long Island City. They are quickly outgrowing their apartments. These buyers are torn because they would love to stay in the area. The schools are great, [and] they want to raise their growing families here, but really want to live in a house. FIVE FortyOne is appealing because this space is ready for occupancy, complete and beautifully designed.”

The three-residence FIVE FortyOne offers one duplex and a pair of triplex homes ranging in size from 1,600 square feet to 2,040 square feet. All three homes feature three bedrooms, three bathrooms and expansive private outdoor space. The duplex offers a 1,000-square-foot landscaped backyard. The two triplexes each offer 472 square feet of private rooftop terrace space.

The homes are characterized by exceptional attention to detail. Open kitchens feature top-of-the-line appliances, such as Viking gas ranges and wall hoods, Viking French door fridges and Bosch dishwashers. Grey wide-plank hardwood floors and custom cabinetry are among the features and finishes found in the kitchens. Spa-like bathrooms offer Kohler finishes, and master baths feature overhead rain showers and pull-down teak benches.

“We have received inquiries from buyers who have been looking in Manhattan as well as Brooklyn,” Dorfmann says. “The common denominator with all interested parties is that they are mostly couples with children or are expectant parents.”

The demographics of buyers visiting FIVE FortyOne suggest the neighborhood has become attractive to prospective buyers who aren’t young professionals or couples. “Offering two- and three-bedroom homes provides an opportunity for families to stay in a great, vibrant area and enjoy all Long Island City has to offer,” Dorfmann says.

Adds Tien Vominh, managing member of Ascent Development: “We took notice of the increasing number of families moving to Long Island City, and the lack of supply. Our goal was to create a much-needed product with the highest level of quality possible.”

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