Updated 9 hours ago

867 Riverside Drive

Washington Heights, Manhattan | West 158th Street & Riverside Drive West

15 Rooms9 Beds8 Baths4,550 Square FeetIncome Property

$2,500,000
floors / apts4 / 7
Lot Size32'1"x46'6"
ZoneR8
Building TypeTownhouse
RE Taxes$13,725
Price Per SF
$549

Outdoor space and views

  • Backyard [19'x20']

Building Amenities

  • Voice Intercom
  • Courtyard
  • Roof Deck

Property Description for 867 Riverside Drive

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.


Listing History for 867 Riverside Drive

Now
04/01/2025
$2,500,000
Initial Price by Beatriz Moitinho
Serhant LLC
2025

Building Details for 867 Riverside Drive

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1909
Floors/Apts4/7
Learn More About the Building

Transit and Citi Bike

Subway

157 St
0.25 miles
163 St-Amsterdam Av
0.39 miles
168 St-Washington Hts
0.44 miles
168 St
0.47 miles

Citi Bike

W 160 St & Riverside Dr
0.03 miles
W 163 St & Riverside Dr
0.18 miles

Contact Agents

Contact Agents

1 Open House

Wednesday, April 23, 2025
5:00 PM - 6:00 PM
View this property on the company's website

Washington Heights | Manhattan

Quick Profile

Washington Heights, a hilly neighborhood on Manhattan’s northern tip known for its affordable apartments, preserved pre-war buildings, and Dominican food. Some would argue that it's a hidden gem and one of Manhattan's last neighborhoods that has retained its culture. The large swath of land is bordered by Inwood to the north along Dyckman Street, by Harlem to the South along 155th Street, by the Harlem River to the east, and the Hudson River to the West. It is the highest natural point on the Island of Manhattan. 

Despite its high residential density, Washington Heights and Inwood have not seen modern housing construction in more than a decade other than relatively small housing units. Midtown Manhattan, Battery Park, TriBeCa, Chelsea, and Hell’s Kitchen, on the other hand, have seen an increase in building. Most of the high rise construction belongs to hospitals such as New York Presbyterian, Columbia University Medical Center, and educational institutions like Yeshiva University and Boricua College. 

Washington Heights has access to amazing green spaces like The Cloisters, Fort Washington Park, Highbridge Park and Fort Tryon Park. There is no shortage of historical landmarks either. Remember General George Washington set up his camp in Washington Heights during the Revolutionary War. He used the elevated neighborhood to his tactical advantage to spot the Redcoats. As history would have it, his plan didn’t work out so well and the British occupied New York for seven years.  

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: 78980TH