575 MAIN Street #1611, New York City, NY 10044
Listing Courtesy of Douglas Elliman Real Estate
$460,000
Potential Rebate: $6,900
Overview
<p>Welcome home to this spacious, sun filled, modern studio apartment! Unit 1611 is in excellent condition and features wide-plank oak flooring, a breakfast bar, high-end stainless steel appliances from Viking, Enjoy quartz, granite and marble finishes throughout the apartment with beautiful open Roosevelt Island, river, and Queens views.</p> <p>The unit also boasts 4 closets to create ample storage space with an additional private storage bin across the hall at no charge !</p> <p>Island House is a co-op with 24-hour doorman and access to a fitness center and 20-meter lap pool. Enjoy modern living with luxury finishes in tranquil Roosevelt Island, while just being one subway stop away from Midtown/Upper East Side Manhattan.</p> <p>Make your new home in this peaceful oasis with instant access to the best of Manhattan and bustling Queens. Enjoy Southpoint Park, with dramatic river and Manhattan skyline views; the Louis Kahn-designed Four Freedoms Park; Cornell Tech, an architecturally-dynamic engineering campus of Cornell University. Island House is located about 3 blocks to the F train and the tram. Ferry service links Roosevelt Island with LIC, E 34th St., and Wall St. There is also a free shuttle bus that runs throughout Roosevelt Island. Pied a terre's and Pets allowed!</p> <p>Please note in addition to the maintenance, there is a building-wide Tax Equivalency Payment of 278 dollars a month</p>
Home Features
- •Building Courtyard
- •Separate/Formal Dining Room
- •Washer Dryer Allowed
- •City
- •River
Estimated Monthly Payment
$2,854 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$6,900
Monthly savings impact
$19/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 Douglas Elliman Real Estate
Data Source: TRESTLE #RLS20021383
Price Analysis
Compare average listing prices and value metrics for Island House 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.
42.85% 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.
