300 East 33rd
October 7th, 2008
It seems that everyone’s trying to go green now. Murray Hill’s newest residential offering at 303 East 33rd is following right along. Besides being LEED certified, a designation that involves using Earth-friendly, renewable building materials, 303 East 33rd is using landscaped roofs to take advantage of nature’s contributions, recycling rain water for irrigation.
The 12-story building will have a shiny glass facade, no shocker there. And while the interior designs are pretty well hush hush, the flooring and cabinetry is rumored to be bamboo. As for amenities, residents should expect Energy Star appliances and fixtures which reduce water usage. 24-hour concierge service is included, along with a few other treats. The outdoor garden is a great place to relax and provides a smooth contrast to the constant buzz of the billiards room and lounge with wet bar. Parents who are working on a weight-loss goal won’t need to find a sitter for the kids; they can work out in the fully-equipped fitness area while the little ones stay busy in the abutting playroom. A convenient bicycle storage area means that even large families can take to the road without worrying about where to store their bikes. Finally, singles and families alike can enjoy a game of bocce or grill out, or just enjoy the quiet of a warm evening on the rooftop terrace.
Murray Hill isn’t well known in luxury circles, because the area is not exactly the home to many Wall Street investors or successful entrepreneurs. Still, the neighborhood has an eclectic mix of young and old, single residents and families, and with this, a certain charm. As in most locations in New York City, there are plenty of places to catch a meal or buy that “can’t do without” item, and there’s also easy access to transportation.
303 East 33rd is the result of a partnership between Toll Brothers and Kibel Company, with Cantor Pecorella taking charge of sales. Pre-sales started in August 2008, and the sales office opened in September. There are currently 41 units (out of 130) listed for sale, a mixture of studios, one, two, and three-bedroom residences. The three-bedroom penthouse is listed at $4.5 million for 2,782 square feet, while the lowest priced unit is the 546 square-foot studio, listed at $635,000. There are plenty of one and two-bedroom residences available, ranging in size from 656-1541 square feet. Two bedroom residences start at $1.375 million. Construction at 303 East 33rd should be completed by Fall 2009.
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October 10th, 2008 at 7:01 am
Are the absorption rates for green buildings a little slower than non-LEED certified construction in NYC? The prominent Gold LEED certified development in Boston, called the Macallen Building, has a higher entry price point due to the additional investments necessary to make the building a reality, and thus, unit sales (while somewhat steady) have tended to be slower than other new buildings that opened at roughly the same time.
November 6th, 2008 at 1:03 pm
My guess is that absorption rates for this building are not slower. Green buildings are more desirable when compared to the rest of the market. I was looking at some of the other condos on the market and the pricing seems about the same even though the owners probably paid more to go through the LEED process. Does anyone know when this building is expected to be completed?