With rents soaring and home prices falling in New York City, now is the time to buy an unattainable home. This one is a rare find – a corner mansion on Riverside Drive….
It is perfectly positioned on one of the highest points on the Drive, directly across from Riverside Park. Talk about spectacular views!
The 6-story home is 32′ wide and 10,000 square feet with high ceilings, massively-scaled rooms, grand rotundas, and lots of natural light.
And with this home comes history. Built at the end of the 19th century by Clarence True, an architect who’s work was described as “Elizabethan Renaissance” and who’s vision redesigned the row house.
True was an obscure architect in the late 1800s who first designed a Queen Anne cottage in Flushing and a Gothic-style clubhouse for the Aerial Athletic Association in Woodside. True was from Queens, but in 1890, he made a sudden and successful entry into Manhattan, building 22 houses in a single year on the Upper West Side (The New York Times has an excellent article about his early work and efforts to preserve it). In all, True is credited with designing 270 homes on the Upper West Side.
In 1899, True bought up all Riverside Drive lots then available below West 84th Street, claiming 40 Riverside as his own. He spent the next two years developing the corner crib into a magnificent gem. The light was so appealing that the artist Marc Chagall acquired the house in the 1940s and lived there for approximately ten years.
According to the Observer, 40 Riverside Drive was formerly owned by an Iranian businessman who converted it into a single family home. I found a video about the property on YouTube:
The home has 25-rooms! The listing on Brown Harris Stevens is $20-million, so that’s less than $1-million a room! A bargain baby!