Isis surpasses 50 percent sold mark

TRD New York /
Jul.July 13, 2011 06:11 PM

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Kenneth Horn and Isis Condominium

The 32-unit Isis Condominium on the Upper East Side has achieved its 17th sale, according to developer Alchemy Properties, meaning prospective buyers are privy to new lending options. It took three price cuts, but sales appear to be picking up in the building on the corner of East 77th Street and Second Avenue, as Streeteasy.com shows eight sales in the building since January, at least three of which closed for within 7 percent of their asking prices. Sales started at the building in the spring of 2008, according to Streeteasy.com, but Alchemy, which also markets the property, took units off the market after lowering prices in 2009. It relaunched sales again in February 2010 with lower prices. Finally, with prices for the two-, three- and four-bedroom homes ranging from $1.5 million to about $5 million, the building hit the 30-percent-sold mark last November. “Now that the building has reached 50 percent sold, we are attracting a wide array of new, interested buyers,” said Kenneth Horn, president of Alchemy Properties. “The building looks great and is fully completed.” — Adam Fusfeld


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