Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $9,995,000

· Closed March 6, 2024

3 Riverside Drive

$9,995,000

$933 per sq ft

3 Riverside Drive

Upper West Side, Manhattan

MLS® #RLS10965080

RLS at REBNY

Listing by Compass

9

Bedrooms

11

Baths

10,714

Sq. Ft.

1899

Year Built

Quick Summary

Bedrooms 9
Bathrooms 11
Living Area 10,714 sq ft
Year Built 1899
Ownership None
Property Taxes $90,204/yr
Neighborhood Upper West Side
Floor 1 of 5

Property Highlights

  • Outdoor Space: Terrace, Balcony
  • Character: Pre-war building (1899)

Property Details

Type Single Family Residence
Ownership None
Total Rooms 24
Baths 11 Full
Floor 1 of 5
Pets CatsOk, DogsOk
Year Built 1899
Living Area 10,714 sq ft
Structure Type House
Furnished Unfurnished
Parcel # 1184-0001
Block/Lot 01184/1

Listing History

Event Date Price Change
Listed Jan 27, 2023 $12,995,000 -
Currently May 2, 2026 $9,995,000 -23.1%

Description

Note: certain photos are renderings. Gilded Age pedigree meets contemporary high design in this spectacular Riverside Drive townhouse. Steward a gem of the Gilded Age into the future. This estate, built by C.P.H. Gilbert in 1895 and once the residence of William Guggenheim, offers breathtaking proportions alongside its storied history. It has a 37-foot wide footprint, up to 24ft high ceilings, and open sky views. Starting in 2017, the former owners started an epic renovation, including adding an expansive 6,000sf, 3-floor entertaining space that rivals the amenities of a full-service luxury building. The design plans, created with an Italian architect, are complete and DOB and Landmarks approved. However, they may be modified to accommodate your vision. Plans include modernizing all 6 above-grade stories, including a 2,500sf two-story primary suite with two spa baths and a duplex closet, and a marble-clad chef’s kitchen. Enjoy the park and river views from the roof deck and 4 additional terraces. Three Riverside Drive, erected in 1895, is one of the most important historic homes still standing on the Upper West Side of Manhattan. For a time, 3 Riverside Drive was the residence of William Guggenheim, an iconic New York magnate. This 37-foot wide, ornate limestone mansion was designed by C.P.H. Gilbert – the same architect who produced many other NYC landmarks including the Warburg Mansion on 92nd & 5th (now the Jewish Museum), the Otto Kahn Mansion one block south on 5th, the Woolworth Mansion on 80th & 5th, the Seligman mansion on 56th St and many other mansions for the most prominent and wealthy business families in NYC in this era. Riverside Drive and the limestone mansions erected upon it at the turn of the last century, with their unrivaled views of Olmsted-designed Riverside Park and the Hudson River, was the West Side’s answer to 5th Avenue. In this context, 3 Riverside Drive has epic proportions in each room with ceiling heights on its nine levels spanning from 10’ to 24’ high. The home has stunning views of Riverside Park, the Hudson River and open skies throughout. These unobstructed views are extraordinarily unusual for a townhouse in NYC most of which look across fairly narrow streets to other townhouses or buildings and accordingly have comparatively limited light. Purchased by the current owners in 2017, the house has been reimagined as a modern home on the inside with a historic outside fully preserved. Most unusually, the home has been designed with an unprecedented suite of amenities normally found in a large, full-service building including: a large swimming pool, partial basketball court, spa, gym, stadium seating movie theatre and game room. To make space for these amenities, a now complete, extremely costly, four year 36-foot deep excavation through solid bedrock was undertaken adding nearly 6,000 square feet and three stories below grade to the already enormous 12,000 square feet, 6-stories above grade. The house now stands ready for the next owner to carry out their own vision within this massive, already complete envelope. Italian-architect designed plans are fully DOB and Landmarks approved and completed, but may be modified to your own preferences. All engineering work is completed and fully designed and paid for. In addition to the below-grade amenities, current above grade plans provide for 8 bedrooms including a full-floor master suite spanning nearly 2,500 square feet with a duplex closet with an internal staircase and two primary, massive bathroom suites along with 7 other en-suite bedrooms (including a staff bedroom on the ground floor), dual studies, a staff office, kitchen, formal dining room, double-height living room, sitting room, bar, breakfast room, den and a sweeping roof-top terrace with open views of the park and river and of the home’s cherub. The house boasts 4 other terraces. This is quite simply no home in Manhattan with this extent of excavation, this historic pedigree, this

Features & Amenities

Interior Features

See Remarks

Exterior Features

Basketball Court Balcony Garden Terrace Balcony

Building Information

Building Data View Compliance & Permits
Total Units 1
Stories 5
Structure House

Financial Details

RE Taxes $90,204/yr ($7,517/mo)
Original Price $12,995,000
Sale Price $9,995,000
Previous Price $12,995,000

The Upper West Side (UWS) is celebrated for its cultural richness and architectural grandeur. Set between Central Park and Riverside Park, the neighborhood provides direct access to green space within the urban grid. Residents enjoy easy access to Lincoln Center, the American Museum of Natural History, and a popular culinary scene. The real estate landscape is famous for its historic brownstones and iconic 'white-glove' apartment buildings along Central Park West and Riverside Drive.

Upper West Side Live Market Data

View Neighborhood

Active Listings

580

Median Asking Price

$1.84M

Median $/Sqft

$1,598

Avg Days on Market

N/A

New This Week

30

Price Reduced

25%

Sold (30 Days)

80

Median Sale Price

$1.80M

Live data from RLS at REBNY • Updated 5/2/26, 7:31 AM EST

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Location

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3 Riverside Drive, Upper West Side, New York County

Floor Plans

Floor Plan 1
Floor Plan 2
Floor Plan 3
Floor Plan 4
Floor Plan 5
Floor Plan 6
Floor Plan 7
Floor Plan 8
Floor Plan 9

Building Information

Official NYC property records for this building

1898
Year Built
128 years old
5
Floors
1
Residential Units
R10A
Zoning District
One Family Dwellings Historic District: West End-Collegiate Historic District Extension NYC Landmark

Tax & Assessment

Assessed Value: $1,290,720
Land Value: $529,560
Exemptions: $0

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

Lot Area: 2,850 SF
Building Area: 10,897 SF
Built FAR: 3.82
Allowed FAR: 10

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 common charges are $0 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $90,204, or roughly $7,517 per month. Verify the current assessment with your attorney before closing.

This property has 9 bedrooms and 11 full bathrooms.

The listed interior living area is 10,714 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1899, making it approximately 127 years old.

This listing is None

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $9,995,000 for 10,714 sq ft, the asking price per square foot is approximately $933. 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: RLS10965080
First Listed: 10/26/2023
On Market: 1/27/2023
Price Changed: 11/17/2023
Closed: 3/6/2024
Contract Date: 1/26/2023

Listing Courtesy of Compass - Ian Slater

Listing Contact: (646) 645-8192

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 11:31 AM UTC

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