realestate

Upper Manhattan Co-op with Rich History Seeks New Owner for $1.85M

The Grinnell: a rare pre-war co-op on Riverside Drive with 83 units rarely available for sale.

A
rare six-room unit in the under-the-radar Grinnell co-op building has hit the market for $1.85 million. Located on a quiet corner of Riverside Drive, this pre-war co-op is one of only 83 units that rarely come up for sale.

    The three-bedroom, two-bathroom apartment on the fifth floor boasts communal rooftop access to stunning views of the Hudson River and George Washington Bridge. The airy living room features hardwood floors, high ceilings, and a decorative fireplace. French doors lead to a sun-drenched dining room with mahogany-paneled walls.

    The Grinnell building, located at 800 Riverside Drive, is part of the city's affordable housing stock, despite its luxe appearance. Only six units have sold in the past two years, making this an attractive opportunity for savvy buyers who want to enter a tight-knit community where residents tend to stay for decades.

    As one of the city's HDFC co-ops, the Grinnell has strict income requirements designed to keep homeownership affordable. However, its units can list for over $1 million, and income restrictions can be as high as $750,000 per year. Residents enjoy low maintenance fees thanks to a real-estate tax abatement.

    The apartment's master bedroom features three walls of city views, while the two additional bedrooms can double as a den or office. The kitchen has granite countertops, and the building itself is a Beaux-Arts style gem designed by Schwartz & Gross in 1910-11. With its flip tax and HDFC requirements, this co-op offers a unique opportunity for buyers who value community and old-world charm.

    Joshua Wesoky and Chad Longmore of Compass have the listing on this rare and desirable unit.

Upper Manhattan co-op with historic significance for sale at $1.85 million.