Monday, September 3, 2007

Cost of Living in Roosevelt Island Update

Did anyone go to the 1395 sq.ft. 3 bedroom, 2 bath Open House at 455 Main Street that is pictured above. If so, what do you think? Asking price is $1.495 million. NY Times Real Estate reports that Related Sales has listing but link to Related does not work. No floor plan.
Hard to imagine such prices on Roosevelt Island but according to Property Shark several units in the building have sold in excess of $1.5 million including two over $1.6 million. I would think that these apartments are 3 bedroom 2 baths with the very large balconies overlooking Manhattan and the East River but I do not know if the Open House apartment is one of those.
Douglas Elliman has a 3 bedroom 2 bath 1411 sq.ft. apartment for sale at $1.27 million though Streeteasy.com reports that it has been on the market for more than 394 days. Elliman site has the floor plan.
According to Streeteasy.com this is what is available for $1.5 million with more than 2 bedrooms in NYC.
Take a look at post from last Saturday regarding NY Times article on living in Roosevelt Island. According to the Times:

A new two-bedroom 1,000-square-foot condo costs about $820,000, but if the same apartment were located along Third Avenue in Turtle Bay, he said, it could go for $1.2 million.
...Rents, meanwhile, range from $1,700 for a 500-square-foot studio to $4,000 for a 1,400-square-foot three-bedroom, he said. That’s about 20 percent cheaper than the price would be across the river.

How about that!

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