5501 Palisade Ave. $4,988,888

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    5501 Palisade Ave. Bronx, NY 10471

    • 6 Beds
    • 5.5 Baths
    • 3,387 sq. ft.
    • Condo/Townhouse
    • MLS# 3693407
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    Views: 7 Days On Site: 63

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    Property Details

    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.

    • General Features
      • Year Built 1901
      • Hoa Fee 0.00
      • Neighborhood Riverdale
      • New Development No
      • Real Estate Tax 2108
    • Building Features
      • Building Bike Storage No
      • Building Class B2
      • Building Doorman No
      • Building Elevator No
      • Building Garage Yes
      • Building Gym No
      • Building Laundry No
      • Building Pets No
      • Building Pool No
      • Building Prewar Yes
      • Building Rooftop No
      • Building Storage No
      • Foyer No
      • Has Fireplace Yes
      • Has Outdoor Space No
      • Number of Building Stories 2
      • Number of Building Units 2
      • Number of Half Baths 1
      • Number of Rooms 12.00
      • Unit Balcony No
      • Unit Garden No
      • Unit Laundry No
      • Unit Terrace No

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    Neighborhood

    10471 (Bronx) Demographics

    46 Median Age
    8,743 Population Density (per sq. mile)
    61% College Educated
    $93,657 Estimated Median Income
    4,625 Estimated Total Home Owners
    4,089 Estimated Total Renters
    53% / 47% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    22,577 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $470,000 Median Sales Price
    1 Homes Sold
    25 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $4,988,888
        5/3/2022 10:37:00 PM New in Database Source: Multiple Listing Service New Value: $4,988,888

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.


        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.