Cooperative · 1926
54 Riverside Drive
54 Riverside Drive, New York, NY 10024
Buildings·Cooperative

54 Riverside Drive

54 Riverside Drive, New York, NY 10024

At a glance
Year built
1926
Type
Cooperative
Units
80
Landmark
Designated

54 Riverside Drive belongs to the tier of mid-1920s pre-war buildings that gave Riverside Drive its distinctive character — masonry apartment houses positioned to capture the open western light and the long views across Riverside Park to the Hudson. Built in 1926 at the corner of West 78th Street, the building sits on one of the most coveted stretches of the Drive, where the park frontage is widest and the river vistas are least obstructed.

The building's plan reflects the era's approach to luxury apartment living: a corner site with only a small number of apartments per landing, generous classic-six layouts, and the windowed eat-in kitchens, beamed ceilings, original hardwood floors, and multiple exposures that define the best pre-war stock. That low density per floor is part of what distinguishes the better Riverside Drive buildings from the denser blocks a few avenues east — it produces privacy, quiet, and the kind of proportions that drew buyers to the Drive in the first place. The building's crown is a duplex penthouse of roughly 4,200 interior square feet with about 1,500 square feet of terraces overlooking the Hudson.

Riverside Drive's appeal has always rested on permanence: the park and the river are not going anywhere, and the protected western exposures cannot be built away. For 54 Riverside Drive, that means the river-facing apartments carry a durable view premium the market has rewarded across cycles. The building sits inside the Riverside–West End Historic District, directly across from Riverside Park and a short walk from the 1 train at West 79th Street, the M79 crosstown bus, and the neighborhood's established food row — Zabar's, Citarella, and Fairway all within a few blocks.

Architecture and unit composition

The exterior is classic mid-1920s Riverside Drive: a red-brick body over a limestone base, with a two-story limestone entrance surround that signals the building's luxury intent. The corner site delivers two and three exposures to many apartments and frames the park-and-river outlook that is the building's defining asset.

Inside, the apartments showcase pre-war elegance — original hardwood floors, beamed ceilings, oversized windows, and built-in storage and bookshelves. Many homes follow the traditional classic-six plan; over the decades several have been combined or reconfigured into larger residences, including the duplex penthouse at the top. With roughly 80 apartments across 16 floors, served by separate passenger and service elevators, the building keeps a low count per landing — privacy and proportion are the point. Through-wall air conditioning is permitted, and washer/dryers may be installed with board approval.

Building operations

54 Riverside Drive runs as a full-service pre-war cooperative with a 24-hour doorman, a resident manager, and a live-in superintendent. A central laundry room, bike storage, and private resident storage serve the building. The cooperative is pet-friendly and permits pied-à-terre purchases, and it allows in-unit washer/dryer installation subject to board approval. Financing is permitted up to 75% of the purchase price, a 25% minimum down — relatively accommodating for a pre-war Drive co-op. The building has no on-site gym or garage; residents draw on the abundant fitness and parking options nearby.

Local Law 97

Carbon-penalty exposure
🟢
Strong — under cap in both periods
2024–2029 annual penalty
$0 (under cap)
2030–2034 annual penalty
$0 (under cap)
Per unit / month range
See full Local Law 97 analysis — emissions history, scenarios, methodology →

Facade safety — Local Law 11

Local Law 11 / FISP · last inspection 2020–25
SWARMP
What this means for you

Safe to live in today — but the last inspection flagged repairs that are due on a deadline, so facade work and its cost are coming. Whether that’s a real concern depends on the scope, the timing, and how the building plans to pay for it — reserves or an assessment — which is exactly what we’d dig into for you.

Inspection history
2005–10
SWARMP
2010–15
SWARMP
2015–20
Safe
2020–25
SWARMP
2025–30
Due
Next report due
by Feb 2027
The three grades, in buyer terms
SafeGood for ~5 years — no facade assessment on the horizon.
SWARMPSafe now, repairs due on a deadline — budget for the work or a possible assessment.
UnsafeActive hazard: sidewalk shed and repairs now. Expect disruption and an assessment.

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

With roughly 80 apartments, 54 Riverside Drive turns over modestly — generally a few resales in a typical year, concentrated in the classic-six and combined layouts. Pricing follows the prime Riverside Drive pre-war market, with a clear and durable premium for the river-facing lines and the upper floors, where the park-and-Hudson outlook is unobstructed; interior and rear-facing apartments trade more accessibly. For a current read on where a specific line is trading, we keep live comparables and are glad to walk through them.

What to know if you’re buying

This is a pre-war cooperative, so a purchase clears a board package and interview. The building's policies are comparatively buyer-friendly: pets and pied-à-terre purchases are both permitted, washer/dryers are allowed with board approval, and financing runs to 75% — a meaningfully higher cap than the 50% many prime co-ops impose, which widens the qualified buyer pool. Budget for standard co-op closing costs.

The view is the asset to underwrite. River-facing and high-floor apartments command the premium and hold value best; the same layout on a lower or interior line is a different price entirely. Buyers who want in-home laundry should note that installation requires board sign-off and is handled unit by unit. We help buyers read the package, benchmark the exact line and exposure, and structure an offer the board will approve.

What to know if you’re selling

The pitch writes itself: a corner pre-war on the widest, most open stretch of Riverside Drive, directly across from the park, with protected Hudson views from the river-facing lines. Lead with the exposure, the classic-six proportions, the two-story limestone entrance, and full 24-hour service.

Price against the prime Riverside Drive and West End Avenue pre-war set, positioning river-facing and high-floor homes at the top of the building's range. The 75% financing cap and the pet- and pied-à-terre-friendly board are genuine selling points — they broaden the buyer pool relative to stricter neighbors, and they belong in the marketing. We position each line by exposure and floor, and manage the board process from accepted offer to closing.

Comparable buildings

If you're considering 54 Riverside Drive, also evaluate these nearby pre-war co-ops:

The Roebling Team at 54 Riverside Drive

The Roebling Team at Compass specializes in the Upper West Side — Riverside Drive, West End Avenue, and the pre-war co-op market that defines them. We publish this profile because buyers and sellers on the Drive deserve building-specific intelligence: the exposures that carry the premium, the board's actual policies and financing cap, and where each line sits against the corridor's comparable set.

If you're considering a purchase or sale at 54 Riverside Drive, a 30-minute consultation is the right starting point.

Considering a move at 54 Riverside Drive?

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Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com