Isis Condominium at 303 East 77th Street

Closings have started at Isis Condominium at 303 East 77th Street, at the northeast corner of Second Avenue, developer Alchemy Properties announced today. The building is now over 30 percent sold with contracts pending on three additional units, Alchemy said. Isis contains 32 two-, three- and four-bedroom homes ranging from 1,205 to 2,559 square feet, in addition to four penthouses. Alchemy Properties recently reduced unit prices for the third time, with new prices ranging from $1.5 million to nearly $5 million. The 18-story Upper East Side building, which was designed by FXFOWLE Architects, also has ground-level retail space and two furnished common rooftop terraces. TRD
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The Isis boutique condominium on the Upper East Side has decreased the
prices of all of its 32 units as it prepares to start sales. “We have to be cognizant of the market,” said the project’s developer, Kenneth Horn, president of Alchemy Properties. “We looked at all of
the comparable units on the Upper East Side, and we wanted to come out
lower on a price-per-square-foot basis.” The building, at 303 East 77th
Street, recently topped out, and Horn said his company held off on marketing
the units until its model apartment was completed. Alchemy is doing its own marketing and sales. Under the old
pricing, units ranged from $1.63 million for a two-bedroom unit to $5.5
million for a four-bedroom penthouse. Now, for the same units, the
pricing ranges from $1.55 million to $5.3 million. Horn said Alchemy cut
prices between 5 and 7 percent, depending on the unit. The 18-story
building was designed by FXFowle Architects, and Horn said his company bought
air rights going to the north and east so the building could have
“light and air on all four sides.” TRD [more]

Cities and companies need to be more systematic about green building,
said the speakers at this afternoon’s Women’s Network for a Sustainable
Future panel on green building and its costs and benefits for business. “We can’t promote sustainable design without city planning,” Daniel
Kaplan, senior partner at FXFowle Architects, said at the luncheon held
at 125 Park Avenue. In 30 or 40 years, he said, New York City will have grown by a million
people, and “we will have to embrace the realities of urban
architecture.”
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