The first renderings are up for a new building that will rise at 1562 Second Avenue, on the corner of 81st Street; the images come from architectural firm Isaac & Stern, which will apparently be designing the project. While permits are currently lacking, following the paper trail for 1538 Second Realty LLC — which owns the assemblage — indicates that Icon Realty Management is the developer; the firm has worked with Isaac & Stern on other buildings, as well.
Despite the lack of permits, information on Isaac & Stern’s website gives additional details for the tower, which will apparently stand fourteen stories tall, and measure 47,000 square feet; 1562 Second Avenue will also include a commercial component, likely on the ground-floor.
Given the building’s specifications, its twelve units will average approximately 3,500 square feet each, which is enormous; each residence will also apparently be full-floor, besides a duplex penthouse. While demand for super-luxury apartments is red-hot, 1562 Second Avenue’s target market is relatively niche, and the lack of new development on the Upper East Side limits significant competition, likely signaling a bright future for the project.