531 MAIN ST #507

In Contract
 for Sale at 531 Main Street, New York, NY 10044

1

$735,000
1
Bed
1.5
Baths
1
Half Bath
988
Ft²
$744
$/ft²
Acres
Cap Rate
Est. Monthly
Cap Rate
3.26%
Est. Monthly
$5,496
Here is a great opportunity to transform this oversized one bedroom, 1.5 bathroom apartment, which is easily convertible into two bedrooms and two full bathrooms. The "07" line in Rivercross is one of the most desirable layouts in the complex. This unit spans 988 sq. ft. facing south and is sun flooded with direct views of the 59th Street Bridge, the East River and the Manhattan skyline. The entry to the apartment opens up into the oversized living room which has three very large windows, allowing for brilliant sunlight from dawn to dusk. You can enter the pass through open kitchen from the entry, which can be completely opened to the living room. The kitchen currently has plenty...

LISTING AGENTS

Jeffrey FeigBROWN HARRIS STEVENS RESIDENTIAL SALES LLC[email protected]
Suzanne FeldmanBROWN HARRIS STEVENS RESIDENTIAL SALES LLC[email protected]

Building Features

Services

Doorman

Pet Policy

Dogs Allowed / Cats Allowed

Condition

New Construction

Community Features

Facilities

Health Club

Home Features

Exposure

South Exposure

Price History

Date/EventEventPrice
Mar 17, 2023 In contractIn contract-
Feb 1, 2023 Listed by Brown Harris Stevens Residential Sales LLCListed by Brown Harris Stevens Residential Sales LLC$735,000

Property Analysis

Cap Rate Analysis

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
IncomePer Year
$46,584
ExpensesPer Year
$22,644
Operating ProfitPer Year
$23,940
Cap rate
3.26%

Price Estimate

$890,000$762,922$635,845
20232024202520262027
Current Asking Price

$735,000

HopScore Market Price

$762,922

The current asking price is $27,922.34 below the HopScore market price.

Comparables

Unit
Status
TypeBedsBathsft²
Price/ft²
Price
Common Charges
Sold
Coop
1
1
988 ft²
$724/ft²
$715,000
$1,916/mo
Sold
Coop
1
1.5
988 ft²
$671/ft²
$662,800
$1,916/mo
Sold
Coop
1
1.5
988 ft²
$688/ft²
$680,000
$1,558.20/mo
Sold
Coop
1
1.5
988 ft²
$752/ft²
$742,500
$1,489/mo
Sold
Coop
1
2
988 ft²
$693/ft²
$685,000
$1,564/mo

Payment Calculator


Building Info

Rivercross531 Main Street, New York, NY 10044
  • 368 Units
  • 3 Units for Sale
More about this Building
531 Main Street
Want to find out who owns 531 Main Street, New York, NY 10044? Get detailed property transactions here .

Neighborhood

About Roosevelt Island

Stats & Trends

The median asking price in Roosevelt Island is $957,500.
  • Median Asking

    $957,500
  • Sale Price/ft²

    $773.78
  • Below Asking

    0.01%
  • Days on Market

    127

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Sales History

UnitBedsBathsft²Asking
Common Charges
Listed
Listing Status
Closed
Days on Market
Closing
Above/Below Asking
Buyer(s)
2
2
-
$998,000
-/mo
Mar 24, 2023
Active
-
-
-
-
2
2
-
$799,000
-/mo
Mar 24, 2023
Active
-
-
-
-
3
2.5
1,777
$1,375,000
-/mo
Feb 17, 2023
In Contract
-
-
-
-
-
1
1.5
988
$735,000
-/mo
Feb 1, 2023
In Contract
-
-
-
-
-
2
2
1,600
$1,325,000
-/mo
Jan 24, 2023
Active
-
-
-
-
1
1
988
$719,000
$1,916/mo
Aug 6, 2022
Sold
Oct 28, 2022
83 days
$715,000
-0.56%
2
2
-
$989,000
-/mo
Jul 18, 2022
Active
-
-
-
-
2
2
-
$989,000
-/mo
Jul 15, 2022
In Contract
-
-
-
-
-
2
2
1,364
$895,000
$2,252/mo
May 17, 2022
Sold
Sep 30, 2022
136 days
$900,000
+0.56%
3
2
1,700
$1,195,000
$2,676/mo
May 10, 2022
In Contract
-
-
-
-

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Unit #507, 531 Main Street, New York, NY 10044


Frequently Asked Questions

What is the median home price in Roosevelt Island?
The median home price in Roosevelt Island is $1,075,000, or $860/sqft. When you buy a home in Roosevelt Island, you can expect to pay between $940,000 to $1,351,250. These figures may differ depending on the location, type, and size of the property.
What is the median home price for a Studio in Roosevelt Island?
The median home price for a studio in Roosevelt Island is $599,000, or $831/sqft.
What is the median home price for a One-Bedroom in Roosevelt Island?
The median home price for a one-bedroom home in Roosevelt Island is $925,000, or $1,353/sqft.
What is the median home price for a Two-Bedroom in Roosevelt Island?
The median home price for a two-bedroom home in Roosevelt Island is $1,024,000, or $835/sqft.
What is the median home price for a Three-Bedroom in Roosevelt Island?
The median home price for a three-bedroom home in Roosevelt Island is $1,462,500, or $910/sqft.
What is the median home price for a Four+ Bedroom in Roosevelt Island?
The median home price for a four+ bedroom home in Roosevelt Island is $0, or $0/sqft.
What is the breakdown of listings by bedroom count in Roosevelt Island?
There are currently 18 available properties for sale in Roosevelt Island. Of those, 5.56% are studio listings, 16.67% are one-bedroom listings, 55.56% are two-bedroom listings, 22.22% are three-bedroom listings, and 0.00% are four+ bedroom listings.
What is the breakdown of listings by property type in Roosevelt Island?
There are currently 8 condos located in Roosevelt Island. Our inventory of available listings is constantly being updated so be sure to check back frequently.
What is the least expensive property sold in the past 12 months in Roosevelt Island?
The least expensive property sold in Roosevelt Island for $430,000.
Now, what is the most expensive property sold in the past 12 months in Roosevelt Island?
The most expensive property sold in Roosevelt Island for $2,500,000.
How long on average are properties in Roosevelt Island on the market?
Based on our collected data, properties in Roosevelt Island are on the market for a median time of 127 days.

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