303 East 33^rd is located in the heart of Murray Hill in an area known as Kips Bay.  This bold, new development from Toll Brothers and The Kibel Companies boasts the title of Murray Hill’s first environmentally responsible building and is targeted for LEED certification.

This luxurious property’s unique design, layouts, materials, and mechanical systems were designed to maximize efficiency and ensure well-being and sustainability. The green attributes include high-efficiency boilers, a water-source heat pump, high-performance window walls, superior insulation, and a 5,000-square-foot landscaped roof terrace, among others.

Units and Pricing

There are currently 66 active sales listings with a $1,205 sq ft. Most of the studios seem to be sold. One bedrooms range from 560 square feet to 1025 sq ft. and prices range from $605,000 to almost $1.2 Million. Two bedrooms range from $1.2 Million to about $2.2 Million for the 2 bedroom penthouses. There is also a lovely 3 bedroom, 4 bath triplex penthouse with a large terrace currently listed at $4.5 Million.

Features and Amenities

Residents will have access to a number of amenities including on-site valet parking and full-service concierge. A 5,000 square-foot landscaped roof terrace, featuring a variety of plants that assist in the reduction of heating and cooling costs by insulating the building from extreme temperatures. The plant life will also provide relaxation and entertainment. A reflecting pool sparkles along the edge of the sundeck where tenants will also enjoy a bocce court and an outdoor grilling and dining area. The building will also have a media lounge, a children’s playroom, and a fully-equipped fitness center.

Location

This area of Murray Hill is a townhouse paradise neighbor high-rise condo towers and a variety of retail within walking distance. Kips Bay has many dining options and a movie theater, is situated in the Eastern section of Murray Hill.

The recently renovated Morgan Library is a historic treat within walking distance of the building.  The Morgan Library’s Murray Hill collection includes Mozart symphonies, Gutenberg bibles, and carved Babylonian amulets and seals.

Investment Potential

The building was developed by Toll Brothers & The Kibel Companies.  The new construction, location and green elements with reasonable pricing make this an attractive investment opportunity. The area is also coming up and many are calling it “the new upper east side,” which can be a double-edge sword. Overall, we feel this building is well priced, green, with good amenities. B+

The 303 East 33rd Street Condominium Video can be viewed here

This entry was posted on Friday, April 16th, 2010 at 9:17 am and is filed under 303 East 33rd Street. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.