$6,450,000
Updated 5 months ago
Off Market

5040 Independence Ave

Riverdale, Bronx | West 250th Street & West 252nd Street

20 Rooms9 Beds7.5 Baths17,620 Square FeetSingle Family

$6,450,000
floors / apts3 / 1
Lot Size167'x313'
Built Size90'x40'
ZoneR1-1
Building TypeHouse
RE Taxes$51,780
Price Per SF
$366

Outdoor space and views

  • Backyard
  • Terrace

Building Amenities

  • Garage

Property Description for 5040 Independence Ave

A Grand Mansion in Historic Riverdale - 5040 Independence Avenue

Commanding over 1.2 acres of prime land in the verdant enclave of Riverdale, the Bronx, 5040 Independence Avenue is a once-in-a-generation offering. This exceptional estate, nestled above the iconic Wave Hill Gardens, is steeped in both architectural significance and presidential heritage as it is located on the very same site that the childhood home of John F. Kennedy once stood when he attended Riverdale Country School.

At the heart of the estate is an awe-inspiring primary mansion spanning approximately 17,620 interior square feet across three expansive floors, with an additional 7,500-square-foot basement offering endless potential for customization. Inspired by the spiraling curves of the Guggenheim Museum, the residence features a dramatic triple-height atrium-a luminous, rotunda-like centerpiece that creates a sense of openness, elegance, and timeless modernity.

With 9 bedrooms, 7 bathrooms, and 2 powder rooms, this grand mansion offers incredible scale and volume for refined living and entertaining. A sprawling sunken living room opens seamlessly onto a generous terrace, part of the estate's 4,500 square feet of terraced outdoor space that embraces the natural beauty of the Hudson River Valley. Complementing this are a formal dining room, large eat-in kitchen that is also complimented by a large adjacent morning terrace, a separate library, media room, and multiple entertaining salons. A 10-car garage adds both functionality and prestige. A separate cottage-ideal for guests, staff, or extended family-offers an additional 2,000 square feet, including 3 bedrooms, 2 bathrooms, and an attached 2-car garage.

This rare and expansive Riverdale property combines the privacy and grandeur of an exclusive country residence with the convenience of proximity to Manhattan-you can get to Midtown Manhattan in under 30 minutes by car, and not much longer via the Metro North or Subway trains. Wave Hill Gardens sits directly west of the property, offering its lush gardens and grounds, art gallery, cultural center, and charming caf for additional respite and enjoyment. Just a few blocks away are the Riverdale Stables and golf course in Van Cortland Park, as the Riverdale Yacht Club and picturesque Hudson River trails, offering a lifestyle rich in recreation, sport, and history.

5040 Independence Avenue is more than a residence-it's a legacy property rooted in American history, surrounded by nature, and designed for both extraordinary living and inspired entertaining.

While 5040 will welcome your own-or your architect's-vision to complete the property, it will be delivered with a Temp Certificate of Occupancy.

Images included have been virtually staged.


Listing History for 5040 Independence Ave

Now
03/11/2026
TOM by Dustin Crouse
Douglas Elliman
2026

Building Details for 5040 Independence Ave

OwnershipSingle Family
Building TypeHouse
AgePre-War
AccessWalk-up
Year Built1899
Floors/Apts3/1
Learn More About the Building

Transit and Citi Bike

Railroad

RiverdaleMetro-North Railroad
0.36 miles

Contact Agents

Contact Agents

Dustin Crouse
Douglas Elliman
Erin Boisson Aries
Douglas Elliman

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.

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: 100756TH