NOT LISTED FOR SALE

Estimated Value: $7,378,000 - $13,862,301

9 Beds
11 Baths
10,714 Sq Ft
$991/Sq Ft Est. Value

Sale Details

Date Sold: March 6, 2024

Last sale price $9,995,000 $933 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $66,614 / mo

88 Days on Market

Highlights

  • Basketball Court
  • 4-minute walk to 72 Street (1,2,3 Line)
  • No HOA
  • PS 199 Jessie Isador Straus Rated A
  • Terrace
  • 2-minute walk to South Lawn

About This Home

As of March 2024

Note: certain photos are renderings. Gilded Age pedigree meets contemporary high design in this spectacular Riverside Drive townhouse. Steward a gem of the Gilded Age into the future. This estate, built by C.P.H. Gilbert in 1895 and once the residence of William Guggenheim, offers breathtaking proportions alongside its storied history. It has a 37-foot wide footprint, up to 24ft high ceilings, and open sky views. Starting in 2017, the former owners started an epic renovation, including adding an expansive 6,000sf, 3-floor entertaining space that rivals the amenities of a full-service luxury building. The design plans, created with an Italian architect, are complete and DOB and Landmarks approved. However, they may be modified to accommodate your vision. Plans include modernizing all 6 above-grade stories, including a 2,500sf two-story primary suite with two spa baths and a duplex closet, and a marble-clad chef’s kitchen. Enjoy the park and river views from the roof deck and 4 additional terraces. Three Riverside Drive, erected in 1895, is one of the most important historic homes still standing on the Upper West Side of Manhattan. For a time, 3 Riverside Drive was the residence of William Guggenheim, an iconic New York magnate. This 37-foot wide, ornate limestone mansion was designed by C.P.H. Gilbert – the same architect who produced many other NYC landmarks including the Warburg Mansion on 92nd & 5th (now the Jewish Museum), the Otto Kahn Mansion one block south on 5th, the Woolworth Mansion on 80th & 5th, the Seligman mansion on 56th St and many other mansions for the most prominent and wealthy business families in NYC in this era. Riverside Drive and the limestone mansions erected upon it at the turn of the last century, with their unrivaled views of Olmsted-designed Riverside Park and the Hudson River, was the West Side’s answer to 5th Avenue. In this context, 3 Riverside Drive has epic proportions in each room with ceiling heights on its nine levels spanning from 10’ to 24’ high. The home has stunning views of Riverside Park, the Hudson River and open skies throughout. These unobstructed views are extraordinarily unusual for a townhouse in NYC most of which look across fairly narrow streets to other townhouses or buildings and accordingly have comparatively limited light. Purchased by the current owners in 2017, the house has been reimagined as a modern home on the inside with a historic outside fully preserved. Most unusually, the home has been designed with an unprecedented suite of amenities normally found in a large, full-service building including: a large swimming pool, partial basketball court, spa, gym, stadium seating movie theatre and game room. To make space for these amenities, a now complete, extremely costly, four year 36-foot deep excavation through solid bedrock was undertaken adding nearly 6,000 square feet and three stories below grade to the already enormous 12,000 square feet, 6-stories above grade. The house now stands ready for the next owner to carry out their own vision within this massive, already complete envelope. Italian-architect designed plans are fully DOB and Landmarks approved and completed, but may be modified to your own preferences. All engineering work is completed and fully designed and paid for. In addition to the below-grade amenities, current above grade plans provide for 8 bedrooms including a full-floor master suite spanning nearly 2,500 square feet with a duplex closet with an internal staircase and two primary, massive bathroom suites along with 7 other en-suite bedrooms (including a staff bedroom on the ground floor), dual studies, a staff office, kitchen, formal dining room, double-height living room, sitting room, bar, breakfast room, den and a sweeping roof-top terrace with open views of the park and river and of the home’s cherub. The house boasts 4 other terraces. This is quite simply no home in Manhattan with this extent of excavation, this historic pedigree, this

Last Agent to Sell the Property

Ian Slater

Compass License #10301215519 Listed on: 01/27/2023

Compass

Co-Listed By

Michael Koeneke

Compass License #10401314983

Last Buyer's Agent

Pamela S D Arc

Compass License #10301202251

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $90,204

Year Built

  • Built in 1899

Lot Details

  • Lot Dimensions are 37.000000x95.000000
  • Garden

Home Design

  • 10,714 Sq Ft Home
  • Entry on the 1st floor

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 11 Full Bathrooms

Outdoor Features

  • Basketball Court
  • Balcony
  • Terrace

Utilities

  • No Cooling
  • No Heating

Community Details

  • No Home Owners Association
  • Upper West Side Subdivision
  • 5-Story Property

Listing and Financial Details

  • Legal Lot and Block 1 / 01184

Home Details

Home Type

Single Family

Est. Annual Taxes

$90,204

Year Built

Built in 1899

Lot Details

0 Sq Ft Lot

Listing Details

  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Upper West Side
  • Entry Level: 1
  • Structure Type: House
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 5

Interior Features

  • Fireplace: No
  • Living Area: 10714.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 11
  • Bathrooms Integer: 11
  • Bedrooms: 9

Exterior Features

  • Exterior Features: Basketball Court, Balcony, Garden
  • Patio/Porch Features: Terrace, Balcony

Garage/Parking

  • Garage: No
  • Attached Garage: No

Utilities

  • Laundry Features: See Remarks
  • Cooling: No
  • Heating: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 37.000000x95.000000

Building Info

  • New Construction: No
  • Units: 1
  • Total Stories: 5
  • Year Built: 1899

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 01184
  • Tax Lot: 1
  • Tax Annual: 90204.0

Multi Family

  • Building Area Units: Square Feet

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2023
Closed on
Mar 6, 2024
Sold by
Bought by
Seller's Agent
Ian Slater
Compass
Buyer's Agent
Pamela S D Arc
Compass
List Price
$12,995,000
Sold Price
$9,995,000
Premium/Discount to List
-$3,000,000
-23.09%
Views
402
Current Estimated Value
$10,620,151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$625,151
Avg. Annual Appreciation
2.57%

Purchase Details

Closed on
Apr 6, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,060,000
Interest Rate
0.0421%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 16, 1996
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$9,995,000 --
$15,800,000 --
$9,225,000 First American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner --
Previous Owner $4,068,694
Previous Owner $6,060,000
Previous Owner $5,000,000
Previous Owner $4,000,000
Previous Owner $900,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/03/2024 06/03/24 Off Market $9,995,000 -- --
05/14/2024 05/14/24 Off Market $9,995,000 -- --
04/14/2024 04/14/24 Off Market $9,995,000 -- --
04/11/2024 04/11/24 Off Market $9,995,000 -- --
04/09/2024 04/09/24 Off Market $9,995,000 -- --
04/07/2024 04/07/24 Off Market $9,995,000 -- --
03/06/2024 03/06/24 Sold $9,995,000 0.0% $933 / Sq Ft
02/01/2024 02/01/24 Sold $9,995,000 0.0% $933 / Sq Ft View Prior Sale
01/24/2024 01/24/24 For Sale $9,995,000 0.0% $933 / Sq Ft
01/23/2024 01/23/24 Pending -- -- --
01/23/2024 01/23/24 Pending -- -- --
01/12/2024 01/12/24 For Sale $9,995,000 0.0% $933 / Sq Ft
01/11/2024 01/11/24 Pending -- -- --
11/26/2023 11/26/23 Off Market $9,995,000 -- --
11/17/2023 11/17/23 Price Changed $9,995,000 -23.1% $933 / Sq Ft
10/26/2023 10/26/23 For Sale $12,995,000 -- $1,213 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $99,590 $525,591 $215,641 $309,950
2025 $94,149 $495,841 $183,677 $312,164
2024 $94,149 $468,751 $529,560 $282,993
2023 $90,345 $444,850 $176,283 $268,567
2022 $83,889 $1,415,220 $567,000 $848,220
2021 $92,847 $1,416,000 $567,000 $849,000
2020 $81,112 $1,380,000 $567,000 $813,000
2019 $72,302 $1,362,000 $567,000 $795,000
2018 $66,171 $326,067 $135,562 $190,505
2017 $66,169 $326,067 $135,265 $190,802
2016 $64,382 $323,606 $181,230 $142,376
2015 $24,587 $305,289 $256,463 $48,826
2014 $24,587 $288,022 $205,660 $82,362
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10965080

Real Estate Board of New York (REBNY)

APN: 1184-0001

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