The path has been long, the StreetEasy message board discussion, heated, but Long Island City's L Haus has finally hit the 15% sold mark, clearing the way for the offering plan to be declared effective and closings to begin. And indeed, a pair of February sales have hit public record?both one-bedrooms a tad smaller than 700 square feet, which sold for $385k and $395k. The 122-unit Cetra/Ruddy-designed building near the Pulaski Bridge, with bundles of amenities and a funky L-shape that gives it a large landscaped courtyard, is no stranger to dangling carrots in front of buyers, and that's getting ramped up with units now ready for immediate occupancy.
The L Haus website points out that on contracts signed by March 31, the developer is offering $10,000 towards closing costs, two months of included common charges and, for the next six buyers, a free rooftop cabana. The cabanas sell for around $70,000 and up, so this ain't chump change. Prices hover around $600/sf (here's a look inside a $1.4 million duplex), and the incentives-in-lieu-of-PriceChoppage seem to indicate that developer the Stahl Organization, which also owns Apple Bank, isn't panicking yet. UPDATE: The incentives are only being offered on two- and three-bedroom units.
· L Haus at 11-15 50th Avenue [StreetEasy]
· L Haus [Official Site]
· L Haus coverage [Curbed]