555 MAIN Street #1608, New York City, NY 10044
Listing Courtesy of Corcoran Group
$670,000
Potential Rebate: $10,050
Overview
Welcome to Island House Apartment 1608 at 555 Main Street on Roosevelt Island. This fully renovated 1-bedroom, 1-bath residence perched high above the city, offers sweeping views that capture the East River, the 59th Street Bridge, and iconic Manhattan landmarks including the Empire State and Chrysler Buildings.<br> <br> From the moment you enter, thoughtful design and modern finishes set the tone. To your left, the sleek, renovated kitchen features stainless steel appliances, marble countertops, and a breakfast bar, that opens into the spacious living and dining area, are perfect for casual meals or entertaining. To your right, a pair of generous coat closets provide practical storage right where you need it.<br> <br> The open great room is as versatile as it is bright, easily accommodating both dining and living areas, with skyline views that create a stunning backdrop day and night.<br> <br> Down a short hallway, the renovated bathroom with tub sits opposite the serene bedroom. The bedroom's southwest exposure fills the space with afternoon light and frames picture-perfect views of Manhattan. Two custom-designed closets ensure style and functionality, while an external storage unit in the building offers even more convenience.<br> <br> Move-in ready and meticulously maintained, Apartment 1608 combines modern elegance, abundant storage, and unmatched views - an ideal place to call home.<br> <br> This unit is part of Island House, a vibrant cooperative community on Roosevelt Island that offers the perfect balance of tranquility and city convenience. This well-managed co-op boasts recently renovated common spaces, including a stylish lobby, and updated elevators, reflecting a commitment to quality living.<br> Amenities include:<br> <ul> <li>24-hour doorman</li> <li>Fitness center and outdoor workout area</li> <li>Bike room</li> <li>Central laundry</li> <li>Community room, playrooms, and outdoor playground</li> <li>Common courtyard with grill, dining, and lounging areas</li> <li>Outdoor dog run (pets welcome, dogs up to 45 lbs)</li> </ul> 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.<br> <br> Commuting is a breeze with multiple transit options-including the 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.<br> <br> 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.<br> <br> Discover a unique, amenity-rich lifestyle at Island House-an oasis of calm, community, and convenience in the heart of NYC.
Home Features
- •Building Courtyard
- •Bridge(s)
- •City Lights
- •City
- •Panoramic
- •River
Estimated Monthly Payment
$4,517 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$10,050
Monthly savings impact
$28/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 #RLS20047595
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.
