531 Main Street, #1511, New York (New York (Manhattan)), NY, 10044 | $598,000

"Lovingly held by the same owner for over 25 years, this residence remains in its original condition- offering a rare opportunity to revovate and customize to your personal taste. A space full of potential, ready to be transformed into your ideal home. " 531 Main Street, also known as "Rivercross", is a prominent residential building located on Roosevelt Island, a unique urban oasis in New York City. Constructed in 1975, this high-rise is part of the original residential development of the island, known for its distinctive design and tranquil environment. Residents of 531 Main Street enjoy a comprehensive array of amenities designed to enhance their quality of life. The building features a 24-hour doorman and concierge service, ensuring security and convenience. A state-of-the-art fitness center caters to the wellness needs of the residents, while the beautifully landscaped outdoor areas provide a tranquil retreat. Additional amenities include a community room, a children's playroom, laundry facilities, bike storage, and private storage units. The building is also pet-friendly, making it an attractive option for pet owners. Roosevelt Island offers a unique living experience with its blend of urban conveniences and green spaces. The island is home to several parks, including the iconic Franklin D. Roosevelt Four Freedoms Park and Southpoint Park, which offer stunning views and recreational opportunities. The island also features a range of dining and shopping options, as well as cultural institutions such as the Roosevelt Island Visual Art Association (RIVAA) Gallery. Transportation to and from Roosevelt Island is convenient and efficient. The Roosevelt Island Tramway provides a scenic and quick ride to Manhattan's Upper East Side, while the F train at the Roosevelt Island subway station connects residents to other parts of Manhattan and Queens. Additionally, the NYC Ferry service offers another commuting option, enhancing connectivity for residents. 531 Main Street offers a blend of modern luxury and serene living in one of New York City's most unique neighborhoods. Its well-appointed residences, extensive amenities, and prime location on Roosevelt Island make it an ideal choice for those seeking an upscale urban lifestyle with a touch of tranquility.

Features

  • Town: New York
  • Parking: Other
  • Heating: Baseboard
  • Cooling: Central Air
  • Rooms: 4
  • Bedrooms: 1
  • Baths: 1 full / 1 half
  • Year Built: 1975
  • Approx Sq. Feet: 960
  • Pets Allowed: Yes
  • Appliances: Convection Oven, Cooktop
  • MLS#: 984595
  • Days on Market: 48 days
  • Website: https://www.raveis.com
    /prop/984595/531mainstreet_newyork_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of B Square Realty Inc   Phone: 718-939-8388

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.

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

531 Main Street, #1511, New York (New York (Manhattan)), NY, 10044

$598,000

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 $478,400 $478,400 $478,400
Term 360 months 360 months 180 months
Initial Interest Rate** 5.990% 6.375% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.370% 6.524% 5.866%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,865 $2,985 $3,941
Total Monthly Payment $2,957 $3,077 $4,033

* 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.