867 Riverside Dr New York, NY 10032
Washington Heights NeighborhoodEstimated payment $14,105/month
Highlights
- 1 Fireplace
- 4-minute walk to 157 Street
- Property is in excellent condition
- Terrace
- Patio
- 3-minute walk to Lily Brown Park
About This Home
Welcome to 867 Riverside Drive, a 7-unit townhouse that's been off the market for nearly 20 years. Inside, you'll find a range of spacious apartments, each filled with natural light thanks to large bay windows that offer stunning views of the neighborhood. The penthouse studio features a private, oversized finished roof deck, perfect for relaxing or entertaining while enjoying the city skyline. The first-floor unit boasts its own private courtyard, creating a serene outdoor space, a rare find in Manhattan. The building is currently configured with a mix of one- and two-bedroom apartments, along with several studio units, all of which are currently occupied and free-market, making it a turnkey investment opportunity.
This townhouse offers an excellent return on investment, with low monthly expenses, including taxes just over $1,200 and owner expenses under $1,500. Whether you're an experienced investor looking to expand your portfolio or a newcomer to the market, this property provides steady rental income and plenty of upside potential. The building is also equipped with unused FAR, adding an extra layer of future development possibilities for the savvy investor.
Located in the heart of Washington Heights, 867 Riverside Drive is perfectly situated in one of Manhattan's most vibrant and sought-after neighborhoods. The area offers a unique mix of historic charm and modern amenities, with a wide variety of dining, shopping, and cultural experiences just a short walk away. In addition, residents have easy access to public transportation, local parks, and the scenic Hudson River waterfront, making this location ideal for both living and investing. This combination of convenience, charm, and potential makes 867 Riverside Drive a truly exceptional opportunity in a prime Manhattan location.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,816
Year Built
- Built in 1909
Lot Details
- 1,494 Sq Ft Lot
- Lot Dimensions are 46.58x32.08
- Property is in excellent condition
Home Design
- Entry on the 1st floor
Interior Spaces
- 4,550 Sq Ft Home
- 1-Story Property
- 1 Fireplace
- Laundry in unit
Bedrooms and Bathrooms
- 9 Bedrooms
- 8 Full Bathrooms
Outdoor Features
- Patio
- Terrace
Utilities
- No Cooling
Community Details
- Washington Heights Subdivision
Listing and Financial Details
- Legal Lot and Block 0016 / 01824
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $15,666 | $109,800 | $95,952 | $13,848 |
| 2024 | $15,666 | $125,310 | $77,850 | $54,372 |
| 2023 | $15,372 | $125,310 | $56,750 | $68,560 |
| 2022 | $14,856 | $192,600 | $77,850 | $114,750 |
| 2021 | $13,792 | $219,150 | $77,850 | $141,300 |
| 2020 | $12,864 | $236,250 | $77,850 | $158,400 |
| 2019 | $12,115 | $242,550 | $77,850 | $164,700 |
| 2018 | $12,260 | $96,392 | $31,763 | $64,629 |
| 2017 | $11,880 | $93,401 | $34,975 | $58,426 |
| 2016 | $11,149 | $86,483 | $38,167 | $48,316 |
| 2015 | $7,238 | $80,078 | $42,365 | $37,713 |
| 2014 | $7,238 | $74,148 | $45,168 | $28,980 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/03/2025 06/03/25 | Price Changed | $2,400,000 | -90.0% | $527 / Sq Ft |
| 05/27/2025 05/27/25 | Price Changed | $24,000,000 | +860.0% | $5,275 / Sq Ft |
| 04/01/2025 04/01/25 | For Sale | $2,500,000 | -- | $549 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $790,000 | -- | |
| Bargain Sale Deed | $360,000 | Fidelity National Title Ins | |
| Quit Claim Deed | $15,000 | First American Title Ins Co | |
| Quit Claim Deed | $15,000 | First American Title Ins Co | |
| Deed | -- | First American Title Ins Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $592,500 | Commercial | |
| Previous Owner | $324,000 | Commercial |
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS20013125
APN: 2135-0030
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RLS Data display by Homes.com LLC
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