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5501 Palisade Ave
Riverdale, Bronx | Ladd Road & Ladd Road
12.5 Rooms6 Beds5.5 Baths3,387 Square FeetMulti-Family
$3,300,000
$3,300,000
Updated 4 years ago
Sold

5501 Palisade Ave

Riverdale, Bronx | Ladd Road & Ladd Road

12.5 Rooms6 Beds5.5 Baths3,387 Square FeetMulti-Family

$3,300,000
floors / apts2 / 2
Lot Size182'x409'
Built Size40'x37'
ZoneR1-1
Building TypeHouse
RE Taxes$25,996
Price Per SF
$974

This property was sold for $3,300,000 on 11/23/22.

Outdoor space and views

  • Backyard
  • Frontyard
  • Patio

Building Amenities

  • Driveway
  • Garage
  • Garden
  • Outdoor Parking

Property Description for 5501 Palisade Ave

A rare opportunity to create an incredible residence or get away home and or build several homes on this Riverdale estate on the Hudson River. A unique opportunity to own, renovate and or develop on 1.69 acres of pristine and manicured property with mature landscaping and unobstructed private views of the Hudson River and Palisades. Located in Riverdale's iconic Estate Area, this lush, park like property with a Greek Revival style 6 bedroom, 5 and a half Bathroom home with two wood burning Fireplaces and soaring ceilings, sit majestically above the Hudson River on this magnificent property. The home was built circa 1901 and longs for restoration. The potential to design your home in such a setting is unparalleled and cannot not be found anywhere within 10 miles of midtown Manhattan where Riverdale is located. The zoning analysis confirms that up to 4 homes can be built on the property and site plans and surveys are available. There is a detached Garage on the property and room for tennis courts, pool, guest house and whatever your heart desires. Wave Hill, Riverdale Yacht Club, Mount St Vincent College, Riverdale Country, SAR schools and shops are all close by. The Metro North Hudson line is nearby putting you in Grand Central Station in 25 minutes.

Listing History for 5501 Palisade Ave

Now
11/23/2022
$3,300,000
Sold and Closed by Sandhya Tidke
Brown Harris Stevens Residential Sales LLC
08/23/2022
Contract Signed by Sandhya Tidke
Brown Harris Stevens Residential Sales LLC
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Building Details for 5501 Palisade Ave

OwnershipMulti-Family
Building TypeHouse
AgePre-War
AccessWalk-up
Year Built1901
Floors/Apts2/2
Learn More About the Building

Transit and Citi Bike

Railroad

RiverdaleMetro-North Railroad
0.19 miles

Contact Agents

Contact Agents

Sandhya Tidke
Brown Harris Stevens
Scott Kriger
Brown Harris Stevens

Riverdale | Bronx

Quick Profile

Searching for a little bit of country that can be your home base, while still being able to take advantage of everything that NYC offers? Do you want a slower pace of living, focused on family and the great outdoors? Riverdale may be your perfect choice. Only about ten miles north of Midtown, Riverdale’s bucolic paradise feels like you have left the city entirely. You would never guess that you are still within the confines of the Bronx. 

Riverdale is primarily residential with a substantial number of single-family homes and corridors of high-rise apartments. There are many large parks, and they play a major role in the lives of the residents, as they are a primary source of entertainment. Clean, safe streets make Riverdale a great place to walk or cycle. There are trees everywhere, and the air is fresh and invigorating. It is a great place to raise a family, but more and more singles and young professionals are moving into Riverdale, in search of larger, less expensive apartments, and to enjoy the parks and the remarkable views of the Hudson River and Manhattan.  

While the grid layout of the rest of the city makes it easy to find your way from here to there, Riverdale chose to forego that structure, choosing instead to let the verdant streets twist and wind their way around natural obstacles in designs by Frederick Law Olmsted, of Central Park fame. Some streets are divided, with traffic in one direction being at an entirely different level than traffic headed the opposite way on the same street. This quirkiness adds a certain charm to this neighborhood.

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posted on November 16, 2023
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 65951TH
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