Exclusive | Rare unit available in a Manhattan Secret co-op and Storid-upper search its next generation for $ 1.85 million

A six-room unit in Washington Heights’ most sub-radar building, newly sorted for sale.

Located in a quiet corner of the Riverside Drive, Greenll is a little -known pre -war collaboration consisting of 83 units that ever go on sale. Now, one of these rare Supremelio residents requires $ 1.85 million.

The three -bed corner, two -bathroom unit is located on the fifth floor, with access to the municipal roof in view of the Hudson River and the George Washington Bridge. The corner apartment features a varnished entrance gallery and a living room, with views of the east, with hardwood flowers and high ceilings.

Located in 800 Riverside Drive, Grinnell receives a full triangular block between the 157th and 158th streets. Only six other units there have sold in 2023 and 2024, according to Streeteasy’s records, which means Savvy House hunters who are in Prowl now have a major blow to the entrance to a building where residents tend to live for decades. Moreover, contrary to its luxurious appearance with its Porte-Cochere entry into a private nine-storey courtyard is actually part of the city’s affordable housing actions.

Regardless of how many buyers are willing to seek the old charm of the 115-year-old working building and Hudson River views, buyers must meet special criteria to buy there. This is because Grinnell is one of the 1,100 HDFC of the city-fans-out-out-awathwise known as the housing development corporate units. These apartments come with strict income requirements designed to keep home ownership in affordable city.

“Affordable” is a relatively term. According to the HDFC rules, each building has its revenue limitations, and Grinnell represents the golden standard. Known for a long time as the most expensive co-op HDFC in the city, its units can rank for more than $ 1 million; Revenue restrictions can suspend about $ 750,000 a year.

However, its residents can live as a kingdom without paying the princely amounts that other first owners of cooperation should cough. Thanks to a reduction in real estate taxes, residents enjoy very low maintenance tariffs. While Grinnell is called “North Dakota”, maintenance tariffs of $ 1,695 listed pale compared to more than $ 9,700 in fees a similar owner in Dakota – on the upper side of the West – would pay.

Needless to say, a future owner of this settlement stands to inherit a strong property. French doors lead to a dining room with mahogany panels, beyond the hall from a kitchen of a chef filled with light with granite countertops. The Spaceus Master Bedroom boasts three walls of windows that illuminate the space.

The Beaux-Arts-style building was built between 1910 and 1911, and is part of the historic district of Audubon Park, which was listed in the national register of historic sites only last year. It was created by the famous architectural firm Schwartz & Gross, which also carved the “Ghostbusters Building” at 55 Central Park West.

Greennell residents tend to stay firm, not only for the charm and deep feeling of the community, but also the second in a roll tax that is valid when selling. Co-op requires Sadlers to allocate income between them and HDFC, the latter of which goes to capital repairs and the need for construction.

Joshua Wesoky and Chad Longmore of Compass have the list.