531 Main Street, #1504, New York (Roosevelt Island), NY, 10044 | $475,000

Introducing 531 Main Street, #1504 - the best value on Roosevelt Island! This oversized, sunlit studio offers a spacious living and sleeping area, two large closets, a convenient dressing area, and an additional half bathroom. The flexible layout allows you to enjoy the home as a large open studio or easily convert it into a one-bedroom residence.

Recently refreshed, the apartment is move-in ready with room for your personal finishing touches. Updates include brand-new kitchen appliances, refreshed bathrooms, refinished floors, and a fresh coat of paint.

With its eastern exposure, the home is bathed in natural light throughout the day, offering picturesque views of the iconic 59th Street Bridge and the Silvercup Studios sign.

You won't find this combination of space, light, and value anywhere else. Plus, the monthly maintenance fee covers everything - all utilities, taxes, and building amenities.

MOTIVATED SELLER! Don't miss the opportunity to make this exceptional home your own. Schedule your viewing today!



Welcome to Rivercross, a highly sought-after co-op in the heart of Roosevelt Island. This full-service building offers an exceptional range of amenities designed for your comfort and enjoyment, including:

- Indoor Heated Pool: Enjoy year-round relaxation and exercise in the spacious indoor pool. The pool area also features men's and women's saunas, showers, dressing rooms, a ping pong table, and a workout area equipped with punching bags.

- Two-Floor Newly Renovated Gym: Stay fit in the expansive, state-of-the-art gym, spread across two floors and fully outfitted with modern fitness equipment.

- Playroom: Let your little ones explore and have fun in the beautifully renovated playroom, thoughtfully designed for their enjoyment.

- Community Room: Host gatherings and events in the inviting community room, perfect for socializing or entertaining guests. This space is available for residents to reserve at no charge and includes a full kitchen and private restrooms.

- Garden Courtyard Terrace: Unwind in the serene garden terrace, complete with comfortable outdoor furniture, dining areas, and umbrellas, offering a perfect urban retreat.

- Bike Room: Keep your bicycle secure and accessible in the dedicated bike room for added convenience.

Experience the best of Roosevelt Island living at Rivercross, where top-of-the-line amenities meet a vibrant community atmosphere. Schedule a viewing today to see it all for yourself!

Roosevelt Island's sought-after lifestyle combines expansive outdoor space with urban conveniences, featuring parks, running and biking paths, sports fields, playgrounds, and even community gardens.
Commuting is a breeze with multiple transit options-including the Iconic Tram, F train, Astoria Ferry, M86 bus, and CitiBike, plus a self-parking garage with reserved spots. The island's unique, tight-knit community enjoys hidden-gem status, offering a peaceful, suburban-like feel just minutes from Manhattan.

Embracing green living, Roosevelt Island provides composting programs, foraging opportunities, and a membership-run community garden. Enjoy Southpoint Park, Four Freedoms State Park, and Lighthouse Park, some featuring complimentary BBQ grills. The Cornell Tech campus adds to the vibrant atmosphere, complete with park spaces, caf s, The Graduate Hotel, and rooftop dining at Panorama Room.

Features

  • Town: New York
  • Cooling: Central
  • Levels: 20
  • Amenities: Bike Room; Garage; Health Club; Fitness Room; Pool; Sauna; Laundry Room; Nursery; Lounge; Party Room; Roof Deck; Common Storage;
  • Rooms: 3
  • Baths: 1 full / 1 half
  • Complex: Rivercross
  • Year Built: 1976
  • Pet Policy: Pets Allowed
  • Building Access : Elevator
  • Health Club: Yes
  • Service Level: Full Service
  • LobbyAttendant: No
  • OLR#: RPLU33423097809
  • Days on Market: 276 days
  • Website: https://www.raveis.com
    /prop/RPLU33423097809/531mainstreet_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Corcoran Group

William Raveis Family of Services

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Customer Service

888.699.8876

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

531 Main Street, #1504, New York (Roosevelt Island), NY, 10044

$475,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $380,000 $380,000 $380,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.500% 6.875% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.058% 7.063% 6.152%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,402 $2,496 $3,181
Total Monthly Payment $2,477 $2,571 $3,256

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.