- Year built
- 1926
- Type
- Cooperative
- Units
- 86
- Financing
- Up to roughly 67% permitted
- Flip tax
- 2%, paid by the buyer
285 Riverside Drive is a 1926 pre-war cooperative by Rosario Candela — the most celebrated apartment-house architect of the pre-war era — overlooking Riverside Park at the southern corner of West 101st Street. Candela's name carries singular weight in the Manhattan market: his buildings on Fifth and Park Avenues set the standard for pre-war luxury planning, and his hand on a Riverside Drive co-op is a meaningful distinction in a corridor where most buildings came from more workmanlike practices.
285 was built for developer Charles Paterno, the prolific builder behind a large share of upper Riverside Drive and the surrounding blocks, and it is a close architectural sibling of the adjacent 280 Riverside Drive — the two buildings were designed by the same Candela-Paterno team and read as a related pair on the Drive. The building's beige-brick body rises over a one-story limestone base, with terra-cotta pilasters and spandrels articulating the second and third floors and a distinctive roofline of two low, curved arches crowning the Riverside Drive façade. A handsome marble lobby and wrought-iron doors on the 101st Street side complete the composition.
The Riverside Drive position is the building's defining asset. Apartments on the western flank look directly across Riverside Park to the Hudson — a permanent, protected view that no later construction can obstruct. For buyers who want Candela architecture and direct park-and-river exposure at pricing more accessible than the architect's Fifth and Park Avenue work, 285 Riverside occupies a distinctive niche.
Architecture and unit composition
Candela's composition for 285 is restrained and confident: the limestone base, the beige-brick body, the terra-cotta detail at the lower floors, and the unusual double-arch roofline that distinguishes the building's silhouette on the Drive. The marble lobby and the wrought-iron 101st Street doors reflect the quality of the original construction.
The roughly 86 apartments span a range of configurations across the floor plates, with the larger lines offering the well-resolved family layouts that are a Candela hallmark. Pre-war signatures are characteristic of the vintage: high ceilings in the principal rooms, entry foyers and galleries, separate dining rooms, hardwood floors, and the deep closet and service-zone planning that defines mid-1920s luxury apartments. River-facing apartments on the western flank command the building's premium for their direct Riverside Park and Hudson exposures; corner residences gain dual light.
Building operations
285 Riverside Drive operates as a full-service pre-war cooperative, converted to cooperative ownership in 1970 — among the earlier conversions in the corridor. Staffing includes a full-time doorman and a live-in superintendent, with central laundry, a bike room, and private storage on premises. The roughly 86-apartment scale supports full service while retaining a residential, owner-occupied character.
The building is pet-friendly and permits financing up to roughly 67% of the purchase price. A 2% flip tax is paid by the buyer at closing — an unusual structure, since most co-op flip taxes fall to the seller — so purchasers should factor it into their closing math. Pied-à-terre ownership, co-purchasing, and parents buying for children are considered on a case-by-case basis with board approval, in keeping with established Riverside Drive co-op norms.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $0 (under cap)
- Per unit / month range
- —
Facade safety — Local Law 11
The facade passed its last inspection with no required repairs — nothing to budget for here, and no facade assessment on the horizon for roughly five years.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →Recent sales
Sales context at 285 Riverside Drive:
- Turnover is moderate given the roughly 86-unit scale — typically a handful of closings per year.
- Pricing spans a range tied to apartment size, floor, exposure, and renovation condition, with river-facing and higher-floor apartments commanding the building's premium.
- Candela authorship and direct park-and-river exposure support value relative to plainer corridor peers, while the northern-Drive location keeps pricing more accessible than the architect's East Side work.
For apartment-specific transaction history, the building sales page draws on recorded data tied to the building's tax lot.
What to know if you’re buying
The Candela pedigree is a genuine asset. A Rosario Candela co-op carries marketing and resale advantages that anonymous pre-war stock cannot match.
The river view is permanent. West-facing apartments look across Riverside Park to the Hudson — a protected exposure.
Budget the buyer-paid flip tax. The 2% transfer fee falls to the buyer here, not the seller — an unusual structure that shapes your closing costs.
Confirm financing and policy fit. Financing runs to roughly 67%, and pied-à-terre and co-purchase requests are reviewed case by case.
What to know if you’re selling
Lead with Candela and the view. Listing copy should foreground the architect, the 1926 vintage, the distinctive double-arch roofline, and — for west-facing apartments — the direct park-and-river exposure.
The buyer-paid flip tax is a quiet advantage. Sellers here avoid the transfer fee that most co-op sellers absorb — a point worth understanding when modeling net proceeds.
Pricing requires apartment-level comparable analysis. Floor, exposure (river versus cross-street), configuration, and renovation history all move value materially.
Closing timelines are co-op standard — generally 6–10 weeks from contract signing to closing.
Comparable buildings
If you're considering 285 Riverside Drive, also evaluate:
- 280 Riverside Drive — the adjacent Rosario Candela sibling building (1926)
- 300 Riverside Drive — pre-war Riverside Drive co-op nearby
- 320 Riverside Drive — 1928 pre-war Riverside Drive co-op nearby
- 310 Riverside Drive — pre-war Riverside Drive co-op nearby
- 325 Riverside Drive — pre-war Riverside Drive co-op nearby
The Roebling Team at 285 Riverside Drive
The Roebling Team at Compass specializes in the Upper West Side, Central Park West, and the broader Park-facing Manhattan market. We publish this building profile because Riverside Drive buyers and sellers deserve building-specific intelligence — architecture, board culture, transactional mechanics, and pricing at the apartment level — not generic market commentary.
If you're considering a purchase or sale at 285 Riverside Drive, a 30-minute consultation is the right starting point.
Get the full picture on this building.
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