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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.

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  1. Home
  2. New Developments
  3. New York City
  4. Manhattan
  5. 10044
  6. 575 MAIN Street #1408
Property thumbnail
1 / 17
★ Sponsor Unit
✓ No Board Approval Required
Stock Cooperative•Roosevelt Island

575 MAIN Street #1408, New York City, NY 10044

Listing Courtesy of Corcoran Group

$595,000

Potential Rebate: $8,925

Stock Cooperative
1 Bed
1 Bath
4 Rooms
Built 1975
19 Stories
Listed on Oct 5, 2025
82 days on market
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Overview

Welcome to apartment 575 Main Street, #1408. Nestled in the Island House Coop, this inviting residence offers a serene retreat from the hustle and bustle of city life, boasting a prime location on a high floor with captivating views of the Manhattan skyline and a picturesque glimpse of the Queens river. This charming home offers a cozy escape from the city buzz, perched up high with views of the Manhattan skyline and a delightful peek at river views on both sides!As you wander inside, you'll be greeted by soft and bright natural light, streaming in through those big, beautiful windows, framing the cityscape. And let's talk storage - because who doesn't love a well-organized space? This gem comes complete with multiple spacious closets to store all your treasures, plus an external storage unit for things you don't need as often.But it's not just about the views and storage - it's about the feeling, the vibe, the sense of home. Whether you're unwinding with a good book or hosting a gathering with loved ones, Unit 1408 has that special something to make moments feel just right.<br> <br> Island House, is a vibrant cooperative community nestled on Roosevelt Island. It offers the perfect blend of tranquility and city access. With just a ninety-second commute to Midtown Manhattan via the F train, Tram, or Ferry, Island House provides a serene lifestyle with unparalleled convenience.Island House Cooperative Highlights Include:<br> <ul> <li>24-hour doorman service for enhanced security.</li> <li>Access to a state-of-the-art fitness center.</li> <li>Bike room and central/multi-floor laundry facilities for added convenience.</li> <li>Versatile community room and playrooms for recreational activities.</li> <li>Newly renovated hallways and lobby, creating a modern and welcoming atmosphere.</li> <li>A common courtyard with grill and eating and lounging options offers a peaceful outdoor retreat.</li> <li>Outdoor playground and workout area</li> <li>Outdoor dog run</li> <li>Package room for secure storage of your deliveries.</li> <li>Pets welcome (dogs not exceeding 45 pounds)</li> <li>Up to 80% financing are permitted.</li> </ul> Experience the Island House difference - a well-managed cooperative complex where every detail is thoughtfully considered. The recently renovated lobby, elevators, hallways, and common inspiration area with high ceilings reflect a commitment to excellence. Island House truly welcomes you to an exceptional cooperative living experience.Roosevelt Island is commutable by car, the Roosevelt Island Tram, the F train, the Astoria Ferry line, the M86 bus line, land bridge from Astoria, and CitiBike, making it easy to get all over Manhattan, Long Island City, and Astoria in about 20 minutes.<br> <br> Roosevelt Island is an attractive alternative to city living because of the abundance of community amenities and outdoor space, such as: parks, green space, gardens and community gardens, running and biking paths, swimming pools, baseball and soccer fields, basketball and tennis courts, and playgrounds to name a few.<br> <br> &nbsp;The vibrant community also includes the newly developed Cornell Tech campus with landscaped park space, cafes, The Graduate Hotel and rooftop dining at the Panorama Room. Further, residents have access to the New York City public library, schools, post office, the new Foodtown grocery store, two well-stocked bodegas, weekly Farmers Market, Duane Read, Starbucks and a number of local restaurants featuring at least 5 cuisines. This prime location offers easy access to NYC's world-renowned dining, shopping, entertainment, and cultural attractions. With public transportation just steps away, you'll have the entire city at your fingertips.

Home Features

  • •Building Courtyard
  • •Washer Dryer Allowed
  • •Bridge(s)
  • •City Lights
  • •City
  • •Panoramic
  • •River

Estimated Monthly Payment

$3,805 per month

30 year fixed, 6.28% Interest

Principal and Interest
$2,940
Property Taxes
$0
Maintenance/Common Charges
$865

Estimated Rebate for this Home

One-time rebate at closing

$8,925

Monthly savings impact

$25/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 #RLS20052800

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Price Analysis

Compare average listing prices and value metrics for Island House against the surrounding Roosevelt Island market.

Based on 2 active units in building vs 22 in area

Average List Price

Building$527.5K
Neighborhood$923.1K

Price Per SqFt

Insufficient size data available to calculate Price Per SqFt comparisons for this specific selection.

Value Opportunity

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.

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