Memorial Sloan Kettering buys 52 Roosevelt Island apartments for $23M

38K sf space is on lower floors of the 21-story building

480 Main Street on Roosevelt Island
480 Main Street on Roosevelt Island

The Memorial Sloan Kettering Cancer Center picked up four floors in a 21-story residential building on Roosevelt Island for $23.3 million, according to property records filed with the city Wednesday.

The purchase includes floors two through five in the 266-unit Riverwalk Point at 480 Main Street, with a total of 52 apartments across 38,428 square feet. Building amenities include concierge service, an outdoor BBQ area and a fitness center. The building is divided into condos, which house rental apartments. 

The luxury building, completed last year, is the seventh of nine residential buildings in the Riverwalk Complex, developed by Hudson Companies and Related Companies. Some of the other buildings are rather dizzily named Riverwalk Place, Riverwalk Court and Riverwalk Crossing.

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Memorial Sloan Kettering, headquartered at Second Avenue and 47th Street in Midtown, houses its staff at two additional buildings nearby at 475 Main Street, which it owns, and the Weill Cornell Medicine-owned 465 Main Street.

The Real Deal is making its proprietary research available to the public. [TRDatacf] to purchase these packages.

NYC Residential Sales 2011-2016 – January 1st 2011 to October 1st 2016 – 248,000 total transactions – $500/borough

NYC Residential Sales 2004-2010 – January 1st 2004 to December 31st 2010 – 309,000 total transactions – $500/borough