Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
440 Riverside Drive #97

For Sale · Listing by Compass

440 Riverside Drive #97

Morningside Heights, Manhattan

$1,250,000

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Interested in this property?
Active For Sale Co-op

$1,250,000

$1,136 per sq ft

440 Riverside Drive #97

Morningside Heights, Manhattan

The Paterno

MLS® #RLS20111586

RLS at REBNY

Listing by Compass

Open House Scheduled

Sunday, September 13 • 2:00 PM – 3:30 PM

REBNY 2025: signed Buyer Representation Agreement required before any showing.

2
Bedrooms
1
Bath
1,100
Sq. Ft.
1910
Year Built

Quick Summary

Bedrooms 2
Bathrooms 1
Living Area 1,100 sq ft
Lot Size 19,591.87 sq ft
Year Built 1910
Ownership Co-op
Maintenance $2,133.84/mo
Neighborhood Morningside Heights
Floor 9 of 13

Property Highlights

  • Views: City
  • Exposure: East,South facing
  • Character: Pre-war building (1910)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 4
Baths 1 Full
Floor 9 of 13
View City
Exposure East,South
Pets Yes, CatsOk, DogsOk
Year Built 1910
Living Area 1,100 sq ft
Structure Type HighRise
Flooring Hardwood
Furnished Unfurnished
Lot Size 19,591.87 sq ft
Parcel # 1990-0001-00440-000-0000097
Block/Lot 01990/0001

Listing History

Event Date Price Change
Listed Sep 8, 2026 $1,250,000 -
Currently Sep 8, 2026 $1,250,000 -

Description

Brand new renovations, and ready for entertaining! This sprawling two bedroom is perched on the 9th floor with 9.5 foot ceilings and wide open protected Southern and Eastern views of city and sky. Original details are combined with brand new high end renovations in the kitchen and bath, with upgraded electrics and plumbing. The split bedroom layout is ideal for privacy, and the grand living and dining room complete with original wainscoting is ideal for entertaining. The Paterno is a stunning building with a grand entryway and stained glass ceiling. The excellent building staff includes 24 hour attendants and onsite management. The building is crowned with a lovely furnished roof deck with expansive views and a gazebo. The Paterno is steps to transportation, shopping, and is directly across the street from Riverside Park. The apartment: -Brand New Renovations to both the Kitchen & Bath -Upgraded electric and plumbing -Cafe Appliance Suite, with water line in the refrigerator -Full sized kitchen pantry -Pot Filler over the stove -Quartz Countertops -Real Marble in the Bathroom -Toto Washlet toilet seat and wall-attached toilet -9.5 Feet Ceilings -Excellent Light with protected Southern and Eastern Exposures The Building -Full Time Front Desk Staff -Excellent Building Staff -Onsite management -Laundry Room with new machines -Additional Storage available for rent -Gorgeous Furnished Roof Deck -Sprawling Lobby with Stained Glass Ceiling -Gorgeous Pre-War building with curved facade -Local Law 11 underway, and the assessment for the work has already been paid! The Neighborhood -Across the street from Riverside Park -Right near Barnard & Columbia -Quick walk to the 1 Train at 116th, the M5 & M60 -An abundance of restaurants, coffee shops, bookstores, shopping, and more.

Features & Amenities

Interior Features

High Ceilings Building Washer Dryer Install Allowed Common On Floor Common Area Flooring: Hardwood

Exterior Features

Building Roof Deck

Building Amenities

Bike Storage Elevators Package Room Storage

Building Information

Building The Paterno
Building Data View Compliance & Permits
Total Units 106
Stories 13
Structure HighRise

Financial Details

Maintenance $2,133.84/mo

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

46

Median Asking Price

$1.25M

Median $/Sqft

$1,596

Avg Days on Market

N/A

New This Week

3

Price Reduced

30%

Sold (30 Days)

12

Median Sale Price

$838K

Live data from RLS at REBNY • Updated 9/8/26, 5:38 PM EST

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Location

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440 Riverside Drive #97, Morningside Heights, New York County

Virtual Tour

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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: $50,890

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 $2,133.84 per month. Confirm the exact amount with Milton Coste before making an offer.

The current listed annual property tax is $0, or roughly $0 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 1 full bathroom.

The listed interior living area is 1,100 square feet. Verify dimensions independently during due diligence.

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.

Pets are permitted at this property: Pets Allowed,Building Pets Allowed Comments:Pets Allowed. Contact Milton Coste for weight limits or breed restrictions.

At the current list price of $1,250,000 for 1,100 sq ft, the asking price per square foot is approximately $1,136. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or milton@miltoncoste.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: RLS20111586
First Listed: 8/28/2026
On Market: 9/8/2026
Price Changed: 9/8/2026
Contract Date: 8/21/2026

Listing Courtesy of Compass - Emily Mencke

Listing Contact: (917) 975-0619

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 9/8/2026 at 9:38 PM UTC

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Morningside Heights Market Update

12 sales last 30 days · $1.25M median · 3.8 months supply

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Quick Facts

Status Active Type Co-op Neighborhood Morningside Heights Borough Manhattan
County New York
Floor 9 of 13
Year Built 1910
First Listed 8/28/2026
Living Area 1,100 sqft
Maintenance $2,133.84/mo

Monthly Costs Estimate

Down Payment 20%

$250,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Maintenance $2,133.84
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $1M to $1,999,999 at 1.00%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$12,500

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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