867 Riverside Drive
New York, NY 10032

Cross street:West 158th Street

Building

Type:Townhouse
Era:Post-war
Floors:4

Property

Ownership: income-property
Rooms: 15
Bedrooms: Studio
Pets: Pets Unknown

Financials

Price:$2,500,000
505 Park Ave, New York, NY 10022
Listing Courtesy of Serhant LLC

Description

Welcome to 867 Riverside Drive, a 7-unit townhouse that's been off the market for nearly 20 years. Inside, you'll find a range of spacious apartments, each filled with natural light thanks to large bay windows that offer stunning views of the neighborhood. The penthouse studio features a private, oversized finished roof deck, perfect for relaxing or entertaining while enjoying the city skyline. The first-floor unit boasts its own private courtyard, creating a serene outdoor space, a rare find in Manhattan. The building is currently configured with a mix of one- and two-bedroom apartments, along with several studio units, all of which are currently occupied and free-market, making it a turnkey investment opportunity.

This townhouse offers an excellent return on investment, with low monthly expenses, including taxes just over $1,200 and owner expenses under $1,500. Whether you're an experienced investor looking to expand your portfolio or a newcomer to the market, this property provides steady rental income and plenty of upside potential. The building is also equipped with unused FAR, adding an extra layer of future development possibilities for the savvy investor.

Located in the heart of Washington Heights, 867 Riverside Drive is perfectly situated in one of Manhattan's most vibrant and sought-after neighborhoods. The area offers a unique mix of historic charm and modern amenities, with a wide variety of dining, shopping, and cultural experiences just a short walk away. In addition, residents have easy access to public transportation, local parks, and the scenic Hudson River waterfront, making this location ideal for both living and investing. This combination of convenience, charm, and potential makes 867 Riverside Drive a truly exceptional opportunity in a prime Manhattan location.

Amenities

Courtyard; Roof Deck;

  • Patio
  • Terrace
  • Courtyard
  • Roof Deck
  • Voice Intercom
  • Walk-up

Neighborhood

More listings:

Welcome to 867 Riverside Drive, a 7 unit townhouse that's been off the market for nearly 20 years.


OLR IDX

RLS Data display by Nest Seekers LLC.

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All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.