Real Estate Weekly
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Island blossoming under latest Riverwalk addition

When you first arrive on Roosevelt Island, you could easily believe that you’ve stumbled upon a studio back-lot.

At the very least, you couldn’t possibly still be in Manhattan.

The narrow strip of land offers visitors beautiful waterfront views and a small town-like atmosphere, which abuts to the stark contrast of the city’s skyline.

Riverwalk Point
Riverwalk Point

“Once they get over here, it’s not a tough sell,” Chris Schmidt, vice president at Related Companies told Brokers Weekly during a tour of Riverwalk Point.

The seventh addition to the Riverwalk neighborhood, which is a co-developed venture by Related and Hudson Companies on Roosevelt Island, Riverwalk Point is a 266-unit rental building which began leasing last month.

“You’ve got great transportation access,” continued Schmidt, who admitted that it can sometimes be a challenge to convince home-seekers that the island is in fact a part of Manhattan.

He said that once they realize how convenient it is to get to Midtown, the tiny piece of land begins to feel much less removed from the heart of NYC. Schmidt isn’t wrong. The waterfront community of Riverwalk surrounds the F subway on Roosevelt Island and is one stop away from 63rd Street and Lexington Avenue, three stops from Rockefeller Center, or a five-minute ride to Midtown on the Roosevelt Island Tram.

Related commends the building, saying it offers “the best of cosmopolitan living” and a “sophisticated lifestyle with the ease of small-town charm.”

That small-town charm may come from the price points, which are reasonable considering they do come with a Manhattan address.

The 266 studio to two-bedroom rentals start at $2,550 with junior one-bedrooms rising to $2,800 per month. They are followed by one-bedroom/one baths which register at $3,125, and two bedroom/one bath which are $4,225.

The top offerings, a two-bedroom/two bathroom is available for $4,875 a month.

The appointments in even the smallest of the units are rather nice.

Schmidt made sure to point out the closet space in each of the apartments. Each unit is equipped with custom closets. Those in the larger units could easily be confused with full mainland Manhattan apartments.

Some of the units offer views of the East River and each has sizeable windows which let in ample light. The brightness works well with the off-white paint and color schemes that were chosen for the walls and floor.

“The offering at Riverwalk Point is really quite spectacular. Nowhere else can you live in a location like Riverwalk, on a gorgeous island mere minutes from Midtown, in a brand new building with luxury amenities, high-end finishes and views like these – and at such competitive rents,” said Daria Salusbury, senior vice president and head of luxury leasing for Related Companies.

Riverwalk Point
Riverwalk Point

“We are proud to introduce Riverwalk Point and continue enriching the residential community on Roosevelt Island.”

“Roosevelt Island isn’t a secret any more. People are coming here for the green space, water views and the peacefulness — and it doesn’t hurt that we’re only a subway stop from Midtown,” said David Kramer, a principal at Hudson. “Riverwalk Point is an exciting new addition to Roosevelt Island.”

Riverwalk Point rises to 22-stories and is a LEED Silver-designed building. It was sustainably designed by Handel Architects.

Riverwalk Point offers a wide array of amenities including 24-hour concierge and doorman, a state-of-the-art fitness center, business center equipped with iMac computers, private storage, a bike room, pet spa, penthouse party room and landscaped rooftop terrace with barbecue grills.

Residents will also enjoy Related Style Services, a suite of rewards and services which include a Resident Service Specialist, easy transfers within the Related Rentals portfolio, access to Related Inner Circle, as well as exclusive Equinox Fitness membership opportunities.

Additionally, residents will have the opportunity to indulge in Related’s Partner Offer program which offers exclusive benefits and offers such as discounts, premiums, and invitations to special events.
In recent years, thanks in part to the growth of the Riverwalk community, Roosevelt Island has been transformed into a thriving residential oasis.

More positive changes are coming to the island with the construction of Cornell Tech, a technology campus and the fruit of a partnership between Cornell University and Technion-Israel Institute of Technology.

The 12-acre sustainable campus will include academic space, an executive education center, faculty, student and staff housing, and over 2.5 acres of open public space.

Cornell Tech is expected to further position New York as one of the world’s major technology centers and has already begun enriching the Roosevelt Island community through its partnership with PS/IS 217 by helping infuse tech education and STEM-oriented programming into the curricula.

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