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Thursday, August 25, 2016

Island House Co-Op Getting New Windows, Terrace Doors, Facade Waterproofing, & More Improvements - Apartments Available From $1.395 Million To $445 Thousand At This Former Roosevelt Island Mitchell Lama Rental Building

Habitat Magazine reports on the window replacements and other improvements currently in progress at Roosevelt Island's Island House Co-Op. 

 Image Of Island House

According to Habitat Magazine:
“Everybody loves getting new windows,” says Steve Greenbaum, the director of management at Mark Greenberg Real Estate, discussing the mammoth window-replacement job that is only one of many projects under way at the Island House on Roosevelt Island. This 400-unit, three-building co-op is also currently replacing terrace doors and terrace railings, and applying waterproofing to the facade.

After that’s done, the co-op will put in new circuit-breaker panels, then redo the lobbies and hallways. Most of the money for these projects comes from a capital fund that was set up during co-op conversion talks with the sponsor. Greenbaum declines to give cost figures.
Click here for the full article.

According to the Island House Corcoran Sales Team web site:
  • 3 bedroom apartments are available for $1.395 million and $1.165 million,
  • 2 bedrooms for $850 and $755 thousand,
  • 1 bedroom for $595 thousand and
  • a studio for $445 thousand.
More here and here on the exit of Roosevelt Island's Island House building from a Mitchell Lama rental building to a private co-op.