425 MAIN Street #PH2E, New York City, NY 10044
Listing Courtesy of Corcoran Group
$960,000
Potential Rebate: $14,400
Overview
Welcome to PH2E, a striking 1-bedroom penthouse with panoramic southern views. This elegant one-bedroom, one-bathroom residence at Riverwalk Landing combines soaring ceilings, modern design, and awe-inspiring views for a truly elevated living experience. From the moment you enter, you are greeted by an open-concept kitchen and living space bathed in natural light, framed by sweeping 180-degree southern views stretching from Queens across the East River to the Manhattan skyline.<br> <br> The thoughtful layout maximizes both style and functionality. A spacious bedroom sits just off the main living area, anchored by a large closet at the end of the hall. The sleek full-sized bathroom is complemented by the convenience of an in-unit washer and dryer. Throughout, abundant storage enhances everyday comfort, while additional separate storage units are available for purchase-buyers are encouraged to inquire for details.<br> <br> Fresh, modern, and designed with elegance in mind, PH2E offers a rare opportunity to own a penthouse with unmatched light, views, and presence.<br> <br> Recently refreshed, this unit now boasts all new stainless steel appliances, contemporary lighting fixtures, sleek countertops, brand new flooring, and a fresh coat of paint throughout. With tax abatement in place-fully abated through June 30, 2027, with a gradual phase-in of 20% per year until expiration in 2031/2032-this is a rare opportunity to own a premium home with long-term savings. There is a $861/month assessment for the months of 2025.<br> <br> This is a rare chance to purchase from the sponsor, The Hudson Companies and The Related Companies, in a highly sought-after location. Riverwalk Landing offers easy access to the F-train subway, Roosevelt Island gondola, Citibike stations, and NYC ferry, connecting you seamlessly to the city.<br> <br> Don't miss out on this opportunity to own or invest in a premium condominium with spectacular views.<br> <br> Images are of a similar unit and may not represent all apartment features.
Home Features
- •Washer Hookup
- •In Unit
- •Building Courtyard
- •Building Roof Deck
- •Bridge(s)
- •City Lights
- •City
- •Panoramic
Estimated Monthly Payment
$5,646 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$14,400
Monthly savings impact
$40/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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625 Main Street #135, New York City, NY 10044
Listing Courtesy of POWERED BY DMT LLC
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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 #RLS20043763
Price Analysis
Compare average listing prices and value metrics for RIVERWALK LANDING against the surrounding Roosevelt Island market.
Average List Price
Price Per SqFt
75.67% Higher
than the Roosevelt Island price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Roosevelt Island.
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.
