This one-bedroom apartment, now on the market for $575,000, comes from the historic co-op building the Riviera, located at 790 Riverside Drive in Washington Heights. CityRealty’s architecture critic Carter Horsley offers a good review of the architecture: “This very distinguished, five-sided, building has a most unusual floor plan with five deep light wells. It was designed by Rouse and Goldstone and erected in 1910 by the Riveria Realty Company in an Italian Renaissance-palazzo style. The 13-story building has a three-story, rusticated limestone base, limestone quoins, and arched windows at its top floor beneath a quite distinctive cornice of multiple arches. There are several very handsome decorative balconies and the building has spacious lobbies.”
The luxury apartments, which originally came with as many as 10 rooms, were designed with libraries, butlers’ pantries and parquet flooring. Many of the units–like this one–have been chopped up and made smaller, but this apartment retains the historic cast-iron balconies.
At first glance, the price of this 1,245-square-foot well-configured and loft-like co-op in Washington Heights looks like a pretty good deal. The same spot in the parts of Manhattan and Brooklyn where one usually finds sprawling industrial-chic lofts would undoubtedly be several times more than the $635,000 ask. Upon further inspection, it becomes evident that this apartment at 447 Fort Washington Avenue occupies the building’s basement. We’re assuming it’s been excavated enough to be legal, but even the listing prepares us for the fact that “…this lower first floor garden apartment is sublimely peaceful with no neighbors above, below or beside.” It’s certainly a nice-looking lower first floor garden apartment, though.
In addition to the no-neighbors-because-it’s-the-basement thing, keep in mind that the neighborhood is known as a no-longer-secret spot to find relatively reasonable real estate in NYC; the Times called it “affordable Manhattan,” pointing out that the median price for apartments in Washington Heights was less than $500,000 in Q1 of 2015. On the other hand, a similarly-outfitted, though much larger, Cobble Hill duplex condo loft consisting of a ground floor and basement is listed for $2.85 million. So perhaps this lofty lower lair in upper Manhattan deserves further investigation after all.
Take a look around