Luxury Condominium the Isis Sells 75% Inventory

Monday, 19 Nov 2012 09:22 AM

The condominium tower the Isis at 303 East 77th Street has sold 75 percent of its apartments. The Isis was built in 2009 hitting the market at the height of the global recession. The consequence was that developer, Alchemy Properties had to take the units off the market and re-launch them in 2010 at discounted prices.

Two years have passed and the Isis seems to be on the right path selling out most of its remaining apartments. The developer told The Real Deal that the remaining apartments have asking prices between $2.6 million and $2.85 million with price reductions of between $95,000 and $379,000.

Alchemy Properties said that the demand for larger units is steady and that only the higher floors with great views remain unsold. Alchemy wants to combine the two 15th floor apartments due to the demand for larger units.

The Isis is a luxury condominium on the Upper East Side with only 32 apartments over 18 floors, offering both luxury and privacy. Responsible for the innovative design is FXFowle. It offers its residents amenities like outdoor space, a roof deck, a steam room and video security as well as a 24-hour doorman.