Wednesday, May 31, 2017

The Times They Are A Changing - Roosevelt Island Riverwalk Condo Priced At $2 Million, $1 Million Plus Coops For Sale At Rivercross And Island House Too

According to this May 30 Bloomberg article:
... The Corcoran Group agent has listed a three-bedroom condo there for $2 million, the highest price ever sought -- or paid -- for a residence on the island, once home to a smallpox hospital and now bustling with construction of a new Cornell University campus.

With three-bedroom apartments in Manhattan selling for a median of $3.15 million, Garama says his potentially record-setting price is a bargain for homebuyers hunting for more space and who might consider the island over the more traditional alternatives of Queens and Brooklyn....
The $2 million apartment ($1395 per sq ft) is located in Riverwalk Court, 415 Main Street.

Real Estate web site Streeteasy reports of several million dollar plus apartments for sale at Roosevelt Island's Riverwalk, Rivercross and Island House buildings including:
Streeteasy currently lists two apartment for sale less than $1 Million:
Streeteasy lists Roosevelt Island monthly rental prices ranging from $5950 for a 3 bedroom Manhattan Park apartment to $1960 for a Roosevelt Landings studio apartment

There is a growing concern among many current Roosevelt Island residents that they will soon be priced out of their homes.