531 MAIN Street #617, New York City, NY 10044
Listing Courtesy of Corcoran Group
$525,000
Potential Rebate: $7,875
Overview
Welcome to Apartment 617 at Rivercross, 531 Main Street - a thoughtfully designed 1-bedroom, 1-bath residence with an added office nook and the kind of layout that feels more like a home than an apartment.<br> <br> Upon entering, you're greeted by a proper entryway that sets the stage for the spacious design. To the left, a smartly placed office nook provides a dedicated workspace, while to the right a coat closet offers everyday convenience. From there, the home opens into a generous living, dining, and kitchen area that is perfect for both daily life and entertaining.<br> <br> The kitchen is a true highlight, featuring full-sized appliances, abundant cabinetry, and a large dining island with plenty of prep space - ideal for cooking, dining, or gathering with friends.<br> <br> A short hallway lined with closets leads to the bathroom, creating a sense of privacy while maximizing the apartment's efficient layout. The bathroom, conveniently located off the living room, is easily accessible for both residents and guests.<br> <br> The bedroom is comfortably scaled to fit a queen bed with ease and still leave ample room for additional furnishings. A full wall of east-facing windows fills the space with natural light in the morning and creates a serene setting by evening.<br> <br> With its smart layout, flexible spaces, and abundant storage, Apartment 617 combines comfort, practicality, and charm - a wonderful opportunity to make Rivercross your home.<br> <br> The Rivercross Cooperative is a well-established, full-service co-op known for its generous floor plans, financial strength, and top-tier amenities. As the only building on Roosevelt Island with a year-round, heated indoor swimming pool, it sets the gold standard for convenient, wellness-focused city living.<br> <br> Amenities include:<br> - A recently renovated, two-story fitness center with cardio and weight training equipment<br> - Saunas and locker rooms<br> - Children's playroom<br> - Community room with full kitchen and private restrooms, available to reserve at no charge<br> - Lush, landscaped garden terrace<br> - Secure bike room<br> - 24 hour doorman & concierge<br> <br> Monthly maintenance includes electricity, gas, water, and HVAC-adding even more value and ease to ownership.<br> <br> The Neighborhood: Roosevelt Island Living<br> Situated between Manhattan and Queens, Roosevelt Island is a truly unique residential enclave-peaceful, green, and connected to the city by subway, ferry, the iconic tram, and a pedestrian bridge. Commute to Midtown in minutes while enjoying waterfront promenades, skyline sunsets, and a strong sense of community that's increasingly rare in New York City.<br> <br> Local amenities include:<br> - Cornell Tech campus and landscaped parkland<br> - The Graduate Hotel and its rooftop restaurant, the Panorama Room<br> - Lighthouse Park, Southpoint Park, and the Four Freedoms State Park<br> - Tennis courts, pickleball, Sportspark recreation center, and community gardens<br> - A weekly farmers market, neighborhood shops, restaurants, cafes, and more<br> <br> Rivercross #1107 represents the perfect blend of city convenience and serene island life, with unmatched views and the chance to shape a home that reflects your personal vision. Don't miss this opportunity to own a front-row seat to New York's skyline.<br> <br> Showings by appointment only. Contact us to explore the possibilities.<br>
Home Features
- •Central Air
- •Building In Basement
- •Building Courtyard
- •Building Roof Deck
Building Amenities
- •Sauna
Estimated Monthly Payment
$4,065 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$7,875
Monthly savings impact
$22/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Corcoran Group
Data Source: TRESTLE #RLS20047702
Price Analysis
Compare average listing prices and value metrics for Rivercross against the surrounding Roosevelt Island market.
Average List Price
Price Per SqFt
Insufficient size data available to calculate Price Per SqFt comparisons for this specific selection.
43.12% Lower
than the Roosevelt Island price average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Roosevelt Island
Overview of Roosevelt Island
Roosevelt Island is an impossibly quiet, 2-mile sliver of land in the East River, sitting between Manhattan and Queens. It operates as part of the borough of Manhattan but feels like a separate world. For buyers interested in Roosevelt Island Manhattan real estate, it offers waterfront value, stunning views, and a suburban pace of life just minutes from the city.
Living in Roosevelt Island is unique. You take a tram or subway to get home. Traffic is minimal as cars are restricted in many areas. As a distinct Manhattan NYC neighborhood, it attracts diplomats (due to proximity to the UN), medical researchers, and families who want safety and space.
Real Estate & Housing Market
The market for homes for sale in Roosevelt Island is dominated by co-ops (originally Mitchell-Lama developments) and newer luxury rentals and condos like Riverwalk. Prices here are significantly lower than mainland Manhattan, offering excellent value for waterfront living.
It is a leasehold community—most buildings are on ground leases from the city/state, which can complicate financing but often results in lower purchase prices. The new Cornell Tech campus has driven new interest and investment in the southern end.
Lifestyle & Community
The lifestyle in Roosevelt Island is peaceful. There is no nightlife. Residents enjoy running along the river promenade, picnicking in Franklin D. Roosevelt Four Freedoms Park, and playing sports on the ample fields.
Community is incredibly tight. Because it is an island, there is a "small town" familiarity. It is one of the most international and diverse zip codes in the city.
Transportation & Accessibility
Roosevelt Island is famous for the Roosevelt Island Tramway, which offers a cinematic 4-minute ride to 59th Street and Second Avenue. The F train also stops deep underground, connecting to Midtown in one stop.
The red "Red Bus" circulates the island for free, shuttling residents to the subway and tram. It is a car-lite environment, which many parents love.
Parks, Schools & Amenities
The entire island is essentially a park. Four Freedoms Park at the southern tip is a Louis Kahn masterpiece. Lighthouse Park at the northern tip offers grilling and fishing.
Amenities include a public library, schools, and a few restaurants and grocery stores on Main Street. The Cornell Tech campus has added a cafe and hotel, bringing a bit more activity to the area.
Who This Neighborhood Is Best For
Roosevelt Island is best for families, UN employees, and anyone who wants to escape the noise of the city completely while remaining a 5-minute tram ride away.
