44real estate Spaces Modern of Courtesy Photos FIVE27 LIC BUILDING 100 PERCENT SOLD BY ANGY ALTAMIRANO Long Island City real estate continues to show the neighborhood is hot. Five27, a 27-unit luxury condominium located at 5-27 51st Avenue, has been completely sold out by Modern Spaces. It marks the real estate and brokerage company’s 15th sold-out residential building. Soho-inspired architecture that “Looking back to when we Fogarty Finger created as well opened our first office in LIC in as the vibrancy of the building’s 2008 and sold out the neighborhood’s surrounding neighborhood,” said first luxury residential building, Christina DeCurtis, sales director The Powerhouse, it is incredible for Five27. “It is steps away from fantastic restaurants, theatres, art galleries and parks.” to see the transformation of the neighborhood since then,” said Eric Benaim, CEO and president of Modern Spaces. “Everywhere you look there are new shows, new restaurants and beautiful new architecture.” The residential building, designed by interior design and architecture firm Fogarty Finger, includes a penthouse which broke records in the area when it sold for $1.58 million, the highest price for a two-bedroom apartment in LIC Five27 features studios, one-and two-bedroom apartments with premium white-oak flooring, kitchen with top-of-the-line Italian finishes and stainless steel appliances. The homes also include spa-like master and guest baths. “Our remarkable success in residential building in Long Island City shows without a doubt the neighborhood’s desirability for affordable luxury living,” Benaim said. Amenities within the residential building include a landscaped rooftop, fitness center, residential lounge, bike storage, parking garage and an on-site cold storage room, “Buyers for Five27 in particular were drawn to the unique
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