Neighborhood Guide

Roosevelt Island


Roosevelt Island is a narrow island in New York City's East River. It lies between Manhattan Island to its west and the borough of Queens on Long Island to its east, and is part of the borough of Manhattan. Running from the equivalent of East 46th to 85th Streets on Manhattan Island.

The island was called Minnehanonck by the Lenape and Varkens Eylandt (Hog Island) by New Netherlanders, and during the colonial era and later as Blackwell's Island. It was known as Welfare Island when it was used principally for hospitals, from 1921 to 1971. It was renamed Roosevelt Island in 1971 after Franklin D. Roosevelt.

Roosevelt Island is owned by the city, but was leased to the state of New York's Urban Development Corporation for 99 years in 1969. Most of the residential buildings on Roosevelt Island are rental buildings. There is also a cooperative (Rivercross) and a condominium building (Riverwalk). One rental building (Eastwood) has left New York State's Mitchell-Lama Housing Program, though current residents are still protected. Three other buildings are now working toward privatization, including the cooperative.


Roosevelt Island Listings

Size Starting from Listings Count Avg. $/Ft2 DOM
Studio $550.0K 3 $794 157
1 BR $420.6K 12 $917 149
2 BR $850.6K 12 $855 206
3 BR $1.15M 7 $1,021 229

$897

Avg. Price/SqFt.

Prices Trend (2012-2024)