Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,300,000

Listed at $1,400,000 · Sold 7.1% below asking · Closed May 7, 2019

440 Riverside Drive #116
Closed For Sale Co-op

$1,400,000

440 Riverside Drive #116

Morningside Heights, Manhattan

The Paterno

MLS® #RLS10521787

RLS at REBNY

Listing by Elliman

2

Bedrooms

1

Bath

N/A

Sq. Ft.

1910

Year Built

Quick Summary

Bedrooms 2
Bathrooms 1
Year Built 1910
Ownership Co-op
Maintenance $2,112/mo
Neighborhood Morningside Heights
Floor 11

Property Highlights

  • Outdoor Space: Balcony
  • Character: Pre-war building (1910)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 4
Baths 1 Full
Floor 11
Pets Yes
Cross Street 116th
Year Built 1910
Parcel # 1990-0001-00440-000-0000116

Listing History

Event Date Price Change
Listed Feb 20, 2019 $1,650,000 -
Currently Jun 3, 2026 $1,400,000 -15.2%

Description

Sponsor sale, no board approval required! Mint condition and beautifully gut renovated, this superbly located two-bedroom home has sweeping city views and resides in the famed Paterno Building one block from Riverside Park and Columbia University. Bright Eastern exposure and oversized windows provide wonderful natural light while showcasing the classic pre-war architecture of the surrounding buildings. A rare Juliet balcony off of the master bedroom makes this extraordinary space even more appealing.
This turn-key, beautiful home was gut-renovated with top of the line appliances and oak hardwood flooring throughout. The very large and sun-filled living room is perfect for dining/entertaining, a French-style wall of windows with open views will never cease to amaze, and the custom designed kitchen opens into the extraordinary space perfectly. The kitchen features a built-in washer/dryer for your convenience as well.
The Paterno offers a prime Morningside Heights location and with excellent service. There is a live-in superintendant, bike room and storage room. Designed by the renowned architects Schwartz and Gross, the dramatic turn-of-the-century "Porte-cochere" welcomes guests into a grand marble lobby built in 1909. Co-exclusive.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Exterior Features

Balcony Balcony

Building Information

Financial Details

Maintenance $2,112/mo
Original Price $1,650,000
Sale Price $1,300,000

About Morningside Heights

View All Morningside Heights Listings

Morningside Heights is often referred to as the 'Academic Acropolis' of New York, home to Columbia University and the Cathedral of St. John the Divine. Perched on a plateau between Riverside and Morningside Parks, the neighborhood offers a scholarly and serene atmosphere. The real estate market is dominated by grand pre-war cooperatives with high ceilings and classic details, catering to those who appreciate historic architecture and green space.

Morningside Heights Live Market Data

View Neighborhood

Active Listings

54

Median Asking Price

$1.01M

Median $/Sqft

$1,485

Avg Days on Market

N/A

New This Week

1

Price Reduced

35%

Sold (30 Days)

8

Median Sale Price

$1.12M

Live data from RLS at REBNY • Updated 6/2/26, 10:47 PM EST

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Location

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440 Riverside Drive #116, Morningside Heights, New York County • Near 116th

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1910
Year Built
116 years old
13
Floors
106
Residential Units
R8
Zoning District
Elevator Apartments Historic District: Morningside Heights Historic District

Tax & Assessment

Assessed Value: $6,538,050
Land Value: $351,000
Exemptions: $38,930

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 15,750 SF
Building Area: 148,982 SF
Built FAR: 9.46
Allowed FAR: 6.02

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed monthly maintenance are $2,112 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 2 bedrooms and 1 full bathroom.

According to MLS records, the building was constructed in 1910, making it approximately 116 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pet policy requires confirmation with the listing broker.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10521787
First Listed: 2/20/2019
Closed: 5/7/2019
Contract Date: 2/20/2019

Listing Courtesy of Elliman - Emily P. Margolin

Listing Contact: (864) 207-0045

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 6/3/2026 at 2:47 AM UTC

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