The Paterno

LPC identifies limestone, brick and terra cotta as the principal exterior materials. The curved corner and Renaissance ornament distinguish the building's massing, while its substantial base anchors the streetscape. The porte-cochère creates a sheltered arrival area before the interior entrance.

Inside, the marble lobby and stained-glass ceiling provide a large shared reception space. These common interiors remain a recognizable part of the building even where individual apartments have been modernized. Their scale reflects the original apartment-house program, with an emphasis on a formal entrance sequence.

The residential mix includes compact studios, conventional one- and two-bedroom apartments and larger prewar configurations. Some homes have additional dining or study space beyond the principal bedrooms. Period wood floors and other original interior details survive in parts of the inventory, alongside later renovations.

The curved façade changes the geometry of rooms and their views around the corner. An apartment facing the park has a different outlook from one facing the avenue or an interior area. Exposure should be considered room by room, especially in homes whose living and sleeping spaces occupy different sides of the building.

Recorded transfers include both small apartments and much larger homes. The high end of the historical total-value range is associated with substantial residences, while the smaller inventory provides a separate entry point. Comparing apartments by size and configuration is more informative than treating the entire cooperative as a single uniform market.

The Paterno has a full-time doorman and resident superintendent, with central laundry, bicycle storage and additional storage facilities. A roof deck adds shared exterior space above the building. The covered entrance is an arrival feature; it should not be confused with an on-site parking garage.

Historic-district designation applies to exterior work. The building's masonry ornament, curved façade and visible windows therefore carry preservation considerations when repairs or replacements are planned. An alteration affecting an apartment's exterior appearance needs to align with the cooperative's building-wide approach and any required LPC approval.

The property is tax class 2, without an annual statutory cap on assessment growth. No building-wide tax abatement is identified. The cooperative pays the property's taxes as part of its overall operating obligations, with owners contributing through maintenance.

The built FAR exceeds the current residential allowance shown for the R8 zoning district. That comparison describes an existing, substantial apartment house. It does not assign additional building rights to a shareholder or establish that an apartment can expand beyond its present boundaries.

The building's shared responsibilities include the elevators, large common interiors, roof and extensive decorated exterior. Those obligations are spread across a sizeable cooperative inventory, while apartment-specific renovations remain separate projects. The distinction is especially relevant in an older home where an interior upgrade and building-level façade work may occur during the same ownership period.

Recent sales

Recent transfers at this building, curated by The Roebling Team research desk. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.

Market read. $/sf is measured on the latest sales with reliable square footage (2024): a median $1,000/sf across 1 sale. The building has traded as recently as 2026. Median listing discount 1.0% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01990-0001) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage on co-ops is not officially recorded, figures shown are approximate.

• The Hamilton — A nearby prewar cooperative with a similar overall scale and Riverside Drive setting.
• The Matincote — A later prewar cooperative with a comparable residential inventory along the same avenue.
• 390 Riverside Drive — Another substantial prewar cooperative for comparing room proportions and park-facing apartments.
• The Luxor — A smaller prewar cooperative close by, with a more contained ownership inventory.
• The Strathmore — An earlier Riverside Drive cooperative with a smaller number of homes and related period architecture.
• The Hendrik Hudson — A larger prewar cooperative comparison with a lower-rise form and a different architectural composition.