Roosevelt Island Real Estate Deathmatch, $1.3 Million Dollar Riverwalk Court Condo Or $1.275 Million Rivercross Coop - Which Would You Choose Asks Curbed?
New York City real estate web site Curbed tweeted yesterday:
If you had to choose, which of these Roosevelt Island apartments would you buy? http://t.co/i4pPfdZ8gW pic.twitter.com/f8nENVEL6x
— Curbed NY (@CurbedNY) September 23, 2014
and asks:Imagine you have around $1,300,000 to spend on a place and you've narrowed it down to two apartments. How do you make up your mind? The answer is simple: you shove them into a metaphorical cage and let them battle it out until one emerges victorious. It's time for Real Estate Deathmatch....The Roosevelt Island apartment comparison is between the $1.3 million asking Riverwalk Court Condo (Curbed Tweet picture on left)
Riverwalk Court Apartment Floorplan From Streeteasy
and $1.275 Rivercross Coop (Curbed Tweet picture on right).
Rivercross Apartment Floorplan From Streeteasy
According to Streeteasy, the Riverwalk Court condo has been on the market for 5 days. It was purchased in 2009 for $760,000.
According to Streeteasy, the Rivercross coop apartment has been on the market since May 2014, originally listed at $1.625 million
So, if you had $1.3 million, which Roosevelt Island apartment would you buy - Riverwalk or Rivercross?
5 comments :
The Rivercross apt is poorly represented in the photos. Why put a pic of an outdated kitchen in and not the balcony? There's also WAY too much stuff in the apt to see the bones. They should switch brokers.
No brainer - Rivercross has over 300 sqft more, the building has a suberb pool and health club. If the Riverwalk unit has an eastern exposure at all it will soon be partially/fully blocked by the hideous crap the Kramer is putting up north of Firefighters field.
In general agree with you Rivercross, and if I had 500-600k in cash on hand would love to buy it. But for realities of Manhattan Market at +1 million price tag Rivercross has draw backs.
Remember Rivercross is a coop much less appealing to oversea investor crowd who are more frequently buying as a corporate entity to avoid state/federal income taxes for residents, it limits on use as a rental property and has no tax abatement.
Valid points all. I still think its a no-brainer for those planning to live on RI for an extended period. Rivercross is definitely not for non-resident investors.
Incidentally, do you think that a high percentage of Riverwalk condos are being purchased by overseas investors? I know that they are in Miami, but never thought that RI was much of a target for them.
On first point absolutely, and yes I know a few people who bought in Riverwalk who have told me that.
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