Photo courtesy of Douglas Elliman
Known as the Henry Atherton Villa, this extraordinary home at 5247 Independence Avenue was known at the turn of the 20th century as a gathering place for artists, poets, and society notables. Looking out over the Hudson River and the Palisades beyond, the property is 15 minutes away from Midtown Manhattan, surrounded by the verdant historic Bronx neighborhood of Riverdale. Built in 1830, the Gothic Revival style home received a Colonial Revival addition at the turn of the century. Asking $4,500,000, the home spans 10,000 square feet, with nine bedrooms, gracious lawns, a solarium, and a veranda with breathtaking river views.
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All renderings courtesy of the NYC Department of Housing Preservation and Development
Applications are being accepted for 23 middle-income units at a new residential development in the Bronx. Located at 6375 Broadway in North Riverdale, the seven-story building sits across the street from Van Cortlandt Park, the city’s third-largest park at more than a thousand acres. New Yorkers earning 130 percent of the area median income–or between $61,715 annually for a single person and $187,330 for a family of five–are eligible to apply for the apartments, which range from $1,800/month studios to $2,350/month two bedrooms.
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Photo credit: Daniel Milstein
Located in the Riverdale neighborhood of Fieldston in the Bronx, the former home of noted New York labor attorney and mediator Theodore Kheel is for sale for $3,800,000. Built in 1918, the Georgian Revival-style brick home at 407 West 246th Street–known locally as Kheel House–received a complete renovation in 2008, two years after the home’s current owners purchased it from Kheel; still very much in evidence are its classic brick facade, graciously-proportioned rooms, high ceilings, bespoke millwork, and four fireplaces.
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Listing photos courtesy of Douglas Elliman
Known as the Alderbrook Mansion, this Gothic-Revival home in the Bronx is one of the two oldest villas in the historic Park-Riverdale neighborhood, and it can now be yours for $6,995,000. It was built in 1858 as a summer residence for Percy R. Pyne, president of the National City Bank of New York, and its architecture was inspired by the designs and writings of Andrew Jackson Downing and Calvert Vaux. In the early 20th century, the mansion was home to famed sculptor Elie Nadelman. Designated a NYC landmark in 2010, the home today offers stunning landscaping and three floors of living space including eight bedrooms, six-and-a-half bathrooms, and a home gym.
Like New York City, the real estate market is slowly starting to recover, with hundreds of new apartment listings posted each day. With some industry experts calling it a buyer’s market due to an increase in inventory citywide, we’re taking a look at some of the best deals for apartments on the market that are listed for under $500,000. From a spacious two-bedroom with a balcony and an outdoor pool in Riverdale to a charming studio with unique architectural details in Prospect Heights, find out what $500,000 can get you in NYC right now.
Leave it up to Riverdale to supply some of the most jaw-dropping, “is it really in New York City?” properties. This Greek Revival mansion at 5501 Palisade Avenue looks like it belongs upstate, but it’s located right here in the Bronx, in a neighborhood known for impressive properties with views. The 1.7-acre property is situated on the top of the hill, so it has prime views of the Hudson River and the Palisades. The interior, which boasts five bedrooms, isn’t too shabby, either.
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Images courtesy of The Corcoran Group.
The spacious, laid-back architect-designed modern home at 5253 Arlington Avenue in the Hudson Hill section of Riverdale near Wave Hill was built in 1940 on one of the neighborhood’s deepest plots (79 feet by 323 feet). The cedar-clad four-bedroom home, asking $2.599 million, is surrounded by private flagstone patios, rolling lawns, and lush plantings. The residence has been well-maintained and tastefully updated over time, but there’s potential and space for significant expansion if you’re looking for even more room.
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A stately English Tudor mansion in the historic Fieldston neighborhood of Riverdale, considered one of the city’s best preserved early 20th century suburbs, has just hit the market for $3.5 million, and it’s oozing history filled ghosts, science fiction, New York master politicians, and urban planners. Former Mayor Fiorello LaGuardia moved to 5020 Goodridge Avenue after serving three consecutive terms as mayor and living in Gracie Mansion. He lived a quiet life after politics but is said to have hosted people like Robert Moses in his house. The home was originally built for magazine illustrator Arthur I. Keller. LaGuardia died in the house in 1947.
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While this housing lottery won’t save you a ton on rent, the four middle-income units available do sit in a prime location– near the beautiful and historic Van Cortlandt Park. According to the city’s parks department, the park is home to the country’s first public golf course, the oldest house in the borough and the largest freshwater lake in the Bronx. Located at the nexus of the Bronx neighborhoods of Riverdale and Kingsbridge Heights, the building at 3190 Riverdale Avenue offers residents a parking garage and bike storage. Qualifying New Yorkers earning 120 percent of the area median income can apply for the four $2,425/month two-bedrooms.
Find out if you qualify
Photo of Van Cortlandt House Museum via mtchlra via photopin cc
If you’re looking for a bit of the suburban lifestyle without leaving the boroughs, this affordable housing lottery in the Bronx may be for you. Fifteen apartments at Stagg Group’s Riverdale project The Station (so named for being adjacent to the 1 train station) at 5959 Broadway are up for grabs for New Yorkers earning 80 percent of the area median income. These include 12 $1,292/month one-bedrooms and three $1,458/month two-bedrooms. Just as good as the price is the location; the mixed-use building is directly across from the southeast entrance to Van Cortlandt Park, right near the swimming pool and Van Cortlandt House Museum. And for families, it’s also just a couple blocks from the prestigious Horace Mann School and Manhattan College.
Find out if you qualify