$16M Upper West Side mansion with NYC’s third-largest ballroom will also accept bitcoin
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$16M Upper West Side mansion with NYC’s third-largest ballroom will also accept bitcoin

October 19, 2018

This 10,720-square-foot, 32-foot-wide mansion with Riverside Park as a backyard and river views was built in 1879 as part of the Upper West Side‘s “gold coast.” When hedge fund manager Roy Niederhoffer purchased the home for $12.9 million in 2013, it had been split up into multiple units. Niederhoffer restored the six-story home to its original mansion-style glory and is now selling the home for just under $16 million. The grand home at 40 Riverside Drive is possessed of the city’s third largest ballroom in a private house, and as Bloomberg reports, the seller is accepting bitcoin, as he’s a fan of the cryptocurrency.

Fabulous features include a corner rotunda, oversized windows and multiple outdoor spaces, soaring ceilings, original moldings, chef’s kitchens–and that massive ballroom. An elevator accesses five floors. Not enough? Add to that six wood-burning fireplaces, two park-facing terraces and a roof deck and room for nine bedrooms. The home’s grand spaces make it a perfect home base for art collectors as well as party-throwers who need a space for large gatherings.

On the ground floor, the home’s  main entrance boasts a wrought iron and glass door leading to a marble foyer. An adjacent gallery includes a wood-burning fireplace and a wet bar. A side entrance leads to a private one-bedroom flat, perfect for guests, or, as the current owner puts it, “It’s the perfect situation for someone with in-laws they like but don’t want see all the time.”

On the parlor floor, the ballroom is ideal for concerts or banquets, with five windows, a fireplace and exquisitely restored woodwork and pocket doors. A nearby suite with a south-facing bay window can be an office, reading room or bedroom.

On the third floor is a huge master suite with a rotunda, five large windows, lots of light and a fireplace, plus a separate dressing room and bath.

Also here are a chef’s kitchen, a nursery with a bay window, closets and laundry facilities.

One flight up, a triple-height ceiling soars above a living room with a marble fireplace. Up here, the amazing light and sweeping river views begin to become big news. There’s also a formal dining room with French doors that open onto a balcony. Adjacent is a chef’s kitchen that opens onto a terrace with a grill. For indoor weather, a soundproofed library is perfect for hibernation.

Climb a curved glass and stainless staircase to the fifth floor for another master suite and den with river views.  The suite overlooks a dramatic living room atrium that leads to the equally dramatic tower terrace.

Yet another level is accessed by a stairwell tucked behind gallery shelves. These stairs lead to a private bedroom suite  from which you can peer out  a window into the living room below–or enjoy sunlight from the skylights above. Up here, of course, is where the roof decks are, as well.

[Listing: 40 Riverside Drive by Cathy Taub and Tena Watt for Sothebys]


Images courtesy of Sothebys.


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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

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