Monday, November 26, 2007

Latest Condo Amenity Craze Hits Roosevelt Island - Rooftop Cabanas at New Riverwalk Court Development


The new Hudson/Related Riverwalk Court condo development currently being built on the Roosevelt Island waterfront is joining other amenity filled luxury buildings such as Dumbo's 70 Washington Street, Williamsburg's Mill Building and 125 North 10th Street as well as Long Island City's 5th Street Lofts by offering residents the opportunity to purchase private rooftop cabanas.

According to this NY Post article on rooftop cabanas:

NEW Yorkers love to sneak up to their rooftops, whether it's to suntan, barbecue or watch the fireworks.
And many building developers are looking to indulge residents who want a view from the top - and duplicate the success they've had selling parking spaces and subterranean storage units.
Enter the rooftop cabana, a private, fenced-off space with electricity and a water hookup.
And:
The cabanas are deeded separately, and owners must pay property taxes on both their apartments and their cabanas. In the event they sell their apartment, cabana owners must also sell their cabana.
David Von Spreckelsen of Toll Brothers City Living, who put 10 cabanas on his North8 building in Williamsburg, believes there's genius in this cabana idea.
A developer "is only able to utilize a certain amount of square footage, meeting with the city's building codes," he says. "The open roof spaces with partial covering don't count against that number."
Von Spreckelsen ranks rooftop cabanas ahead of backyard gardens and parking spaces as a marketing outlet. He recently sold a 500-square-foot cabana with a great view of the New York skyline for $195,000.
More from NY Times on apartments with outdoor space including rooftop cabanas. Also, here's Curbed on cabana fever.

Image is from Riverwalknyc

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