Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $3,995,000

· Closed October 10, 2017

5240 INDEPENDENCE Avenue #NA

$3,995,000

$571 per sq ft

5240 INDEPENDENCE Avenue #NA

Riverdale, Bronx

MLS® #RLS10474033

RLS at REBNY

Listing by Brown Harris Stevens Residential Sales LLC

7

Bedrooms

8

Baths

7,000

Sq. Ft.

N/A

Year Built

Quick Summary

Bedrooms 7
Bathrooms 8
Living Area 7,000 sq ft
Year Built N/A
Neighborhood Riverdale

Property Highlights

  • Fireplace: Wood-burning or decorative fireplace

Property Details

Type Single Family Residence
Total Rooms 13
Baths null Full
Living Area 7,000 sq ft
Parcel # 05942-0275

Listing History

Event Date Price Change
Listed Jun 2, 2017 $3,995,000 -
Currently May 2, 2026 $3,995,000 -

Description

Exquisitely designed Colonial-style stone mansion in prime Riverdale Estate section, boasts views of the Hudson River. Situated on nearly half an acre, this +/-7000 square ft 7-bedroom, 7.5-bath home was delivered "white box" by the developer, and now showcases a one million dollar extensive renovation the owner masterfully completed.

Enter the dramatic double-height foyer, into a grand living room with w/wood burning fireplace and separate formal dining area. Sunlight floods in through multiple windows and french doors which lead to private flagstone patios. The spacious eat-in kitchen features top-of-the-line appliances such as a Sub-Zero fridge, Wolf oven with 6-burner range, Miele dishwasher and a wine cooler. There is an abundance of custom cabinetry and pantry space as well as a large center island with Corian counter tops. The rest of this level includes a large media room w/gas fireplace, powder room, an office, and a bedroom w/en-suite bath currently used as a fitness room.

The 2nd floor is comprised of 5 bedrooms each with en-suite bathrooms. The expansive master suite features stunning cathedral ceilings, 2 walk-in closets, and an exquisite marble bathroom w/radiant heated floors, soaking tub and separate shower. There is also a washer/ dryer on this level.

Upstairs on the 3rd floor, you will find, a large multi-purpose room, additional guest bedroom and bath, plus ample closets and storage space.

This magnificent home includes an expansive front, side, and leveled backyard as well as an attached 2 car garage, 4-zone central air-conditioning/heating system, and an EcoStar slate-style roof. Conveniently located near Wave Hill, the Riverdale Yacht Club and a short walk to Metro-North, this very special home is in mint condition and a must see!

Co-Exclusive.

Features & Amenities

Interior Features

Fireplace

Building Information

Riverdale is structured by historic brick rowhouses and multi-story apartment complexes. The neighborhood is connected by several subway lines, providing easy transit access. Key natural features include large local parks, while established commercial avenues serve as important landmarks.

Riverdale Live Market Data

View Neighborhood

Active Listings

17

Median Asking Price

$359K

Median $/Sqft

$386

Avg Days on Market

N/A

New This Week

3

Price Reduced

35%

Sold (30 Days)

0

Median Sale Price

$243K

Live data from RLS at REBNY • Updated 5/2/26, 6:49 AM EST

Recently Sold in Riverdale

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Location

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5240 INDEPENDENCE Avenue #NA, Riverdale, Bronx County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1940
Year Built
86 years old
2
Floors
1
Residential Units
R1-1
Zoning District
One Family Dwellings

Tax & Assessment

Assessed Value: $348,840
Land Value: $37,560
Exemptions: $0

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

Lot Area: 20,449 SF
Building Area: 6,036 SF
Built FAR: 0.3
Allowed FAR: 0.75

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

This property has 7 bedrooms and 8 full bathrooms.

The listed interior living area is 7,000 square feet. Verify dimensions independently during due diligence.

At the current list price of $3,995,000 for 7,000 sq ft, the asking price per square foot is approximately $571. 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 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: RLS10474033
First Listed: 6/2/2017
Closed: 10/10/2017
Contract Date: 6/2/2017

Listing Courtesy of Brown Harris Stevens Residential Sales LLC - Meira Lavin

Listing Contact: (212) 906-0591

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 5/2/2026 at 10:49 AM UTC

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