Financing Information

Riverwalk is a new community located on a part of Roosevelt Island previously known as "Southtown Area." Riverwalk is being developed through the efforts of several city and state agencies, a public benefit corporation, a private developer and others who are committed to constructing residential housing, commercial space and public facilities on Roosevelt Island. It is anticipated that when complete, the Riverwalk development will consist of 9 separate buildings, which will include approximately 2000 residential housing units and commercial space.

To date, three Riverwalk buildings have been completed. The fourth building, known as Riverwalk Landing, is near completion and will consist of 216 residential units and some commercial space. NYU is purchasing condominium units at Riverwalk Landing and is offering them for sale to its Eligible Affiliates under its "Riverwalk Landing Purchase Program". The condominium offering plan for Riverwalk Landing ("Offering Plan") provides a more in depth description of Riverwalk Landing, financial and operational details about condominium ownership and information and disclosures required by law. It is essential that all Eligible Affiliates considering the purchase of a unit carefully review the condominium Offering Plan prior to entering into any binding agreement with respect to such unit. A copy of the Offering Plan is available from the Faculty Housing Office.

The "Welcome to Roosevelt Island" Web site with links to transportation, recreation, and community information is a good place to start. Roosevelt Island offers everything from Starbucks to acres of landscaped parks as well as schools, a library, the Roosevelt Island Racquet Club, and a variety of shops, restaurants and community organizations.

According to the Riverwalk Offering Plan, Cornell Medical Center and Memorial Sloan Kettering purchased the majority of units in the existing three Riverwalk buildings for their faculty and staff. One of the buildings, Riverwalk Place, also has a large number of residential condominium units in addition to Cornell's units. In our building, Riverwalk Landing, NYU and Memorial Sloan Kettering own a majority of the units.

• Washer/dryer in every unit
• Floor-to-ceiling windows in most units
• Steam heat, hot water, and gas charges included in the common charges (electricity, cable and phone charges are the owner's responsibility)
• A/C through the wall units in each habitable room
• Every unit wired for DSL and cable modems
• Garbage disposals in kitchen
• Granite counter tops, high end appliances
• Wood floors
• Stunning views

Roosevelt Island is easily accessible by the F train that stops in front of Riverwalk Landing and West 4th Street near NYU.

For directions and information about the 59th Street Tram, bus service, and car access over the 36th Avenue Roosevelt Island Bridge. Please note the Roosevelt Island Operating Corporation ("RIOC") is pursuing a large renovation of the Tramway, which will upgrade the Tram to two cabins operating independently. The Main Street Wire, Roosevelt Island's community newspaper, has more information about this planned upgrade and shutdown.

Parking is available at the Motorgate Garage located a 5 minute walk from the Riverwalk Landing. Please contact Motorgate Parking Garage, (212) 832-4585, for information.

Yes, Roosevelt Island is part of Region 9, District 2. PS 217 is the public school located on Roosevelt Island. It serves 490 students from grades Pre-Kindergarten through 8. The school's 4th grade students perform strongly on standardized test with 75% reading at or above grade level and over 76% meeting or exceeding the standards in math. For more information, please see NYC Department of Education School Report Card for PS 217.

When students reach the 5th grade, they have the option to apply for admission to middle schools throughout District 2. There are two middle schools in close proximity to Roosevelt Island: East Side Middle School (located at 1458 York Avenue) and the Wagner Middle School (located at 220 East 76th Street).

NYU Resource for School Information: For further information about public or private schools, please contact Joyce Rittenburg, at (212) 998-9085 in the NYU Office of Faculty Resources, 194 Mercer Street, Room 404B New York, 10012.

NYU is not a sponsor, developer or affiliate of a sponsor or developer of Riverwalk or Riverwalk Landing. NYU's role is limited to its purchase and resale of 58 of the condominium units at Riverwalk Landing as described in these materials and as disclosed in the condominium Offering Plan for Riverwalk Landing.