Exclusive | A $ 2.27 million roof sale just broke a prominent NY record – in an area where superlative arrangements continue to happen

The tram is not the only thing that climbs to Roosevelt Island these days.

A three -bedroom roof, with two bathrooms with a widespread terrace, has just sold for nearly $ 2.27 million making it the most expected sale of residential in the island history, the post has learned.

The deal is the third record transaction mediated by Kaja Meade of Corcoran in less than two years on Roosevelt Island, and marks a turning point for an area that once traded in affordability than prestige. Not to mention, an area that is largely overlooked by City Local, in most of the second in its direct location between Manhattan and Queens, with the island as a password.

This special unit – Penthouse 1C in Riverwalk Landing – initially ranked $ 2.25 million and sold in a bid war.

“When people are willing to speak at the highest price points, perhaps the main comfort or number one feature of the property people are looking for for the island is definitely the appearance,” Meade said. “Because you can’t have a picture of Manhattan when you’re in Manhattan.”

Captured in the southwestern corner of 425 Main St., Condo offers nearly 270 degrees of horizon from the upper side of the Upper East in Queens and a private terrace that dwarf many apartments of the city.

“The terrace is 1,122 square meters … this is larger than a two bedroom apartment,” Meade said.

With more than 1,400 square meters of interior space, the pentouse feels a living corner room that opens directly on the terrace. The layout includes a primary five -five bathroom with windows, a large foot closet, and a large kitchen with reverse upholstery flowing into an open -concept dining space, noted the previous list.

But the agreement is significant for another reason: it is part of the last chapter in the span of the long development of Roosevelt Island.

The apartment, along with several others in the Riverwalk’s landing complex, have been rented since the construction by Hudson enterprise developers and connected companies. Only recently, with leases, developers began to absorb inventory and release units on the market as sponsor sales.

“These units were already on the market, like the whole story,” Meade said, adding that to sell these units for which much belong to, “you have to have few kahunas.”

Sponsor-Shell apartments represent the last bastion of the new Condo product on the island. Riverwalk Landing is the latest phase of SouthTown, CONDO County co-developed by Hudson and connected over the past two decades.

Without any extra terrain to build, the remaining sponsor’s inventory is expected to sell quickly.

“We had four, three bedroom apartments. We have sold them all and three of them had space in nature,” Meade said. “That was the biggest.”

This transformation has been decades in doing.

Roosevelt Island was an original center for public-episode of the 19th century predominant by hospitals and asylum.

In the 1970s, it was reimburated as a planned housing community, with the first wave of apartment buildings built under the Mitchell-Mala-Any state initiative that offered developers developed tax discounts and low-interest loans to build co-income affordable income.

“For a long time, we just didn’t see much sales because Mitchell-Lama buildings were being converted,” Meade said. “Those people were not necessarily eager to sell … They wanted to live in their apartments for the rest of … until they retired or died honestly.”

But as those buildings went out of the program and tax reductions for the latest development begin to end, the island’s resale market finally began to take shape.

“We’re selling more … but it’s still a developing market in New York City,” Meade said. “It has not been available for decades and decades.”

The pentouse’s appeal also descended into the lifestyle.

Buyers grow more than just square views – they want fresh air, flexibility and some breathing rooms from Manhattan without actually leaving it.

“Since Covid, people have changed the way they live in their homes and want to be in their community, we have wonderful space in nature, fantastic views,” Meade said. “And we’re really close to the city … a subway stop … We’re an 8-minute tram.”

In Landing Riverwalk, buyers also receive a 24-hour goalkeeper, a gym, a lounge and a roof terrace. The building is the steps from the water walk, parks and the dock. For Meade, a resident of Roosevelt Island themselves, those skills explain why locals are often the largest champions on the island.

“Many people living on Roosevelt island know this is the live solution for them,” Meade said. “And they are even better and more read to make that investment because they appreciate how unusual it is.”

The Penthouse Buyer was no exception.

“It was like a family legacy,” Meade said. “That would be the silver lead for a really new start for their family.”

Sale is also a reminder that on Roosevelt Island, the supply is still deeply limited.

“If you want to live on Roosevelt Island, you have to buy on Roosevelt Island,” Meade said. “We are a kind of isolated from a larger real estate market.”

And with Hudson’s last sponsor’s last units of sponsor now by hitting the market, buyers may not get another blow.

“When this is gone, it is gone,” Meade warned.