The Real Deal New York

$130M River House club will be NYC’s largest and priciest home

62K sf space is listed by BHS' Kyle Blackmon and John Burger

September 26, 2013 08:41AM

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From left: John Burger, River House and Kyle Blackmon

From left: John Burger, River House and Kyle Blackmon

River House, one of Manhattan’s most storied co-op buildings, is looking to turn its private club into a 62,000-square-foot home that will ask a whopping $130 million. That would make the five-story structure, perched overlooking the East River, New York City’s largest and priciest home. The club has a private entrance on East 52nd Street, and is roughly the size of 10 typical Manhattan townhouses combined.

Brown Harris Stevens’ superbrokers Kyle Blackmon and John Burger have the listing, the Wall Street Journal reported.

Blackmon represented former Citigroup chairman Sanford Weill in his record $88 million sale of a 15 Central Park West penthouse last year.

The nonprofit River Club of New York has leased the club space since the 26-story tower opened in 1931, but the building’s co-op board decided to put the space on the market after the two parties couldn’t agree on a long-term lease renewal or sale price.

The per-square-foot price of $2,100 would make it a bargain compared to recent penthouse sales that have kissed the $10,000 per-square-foot mark, brokers told the Journal.

“For the right person, this is a trophy of all trophies,” Kirk Henckels, director of private brokerage at Stribling & Associates, told the newspaper. Henckels is not involved in the listing. [WSJ]  – Hiten Samtani

Correction: A previously published version of this post misstated the nature of the lease negotiations between River House and the River Club; talks are ongoing.

  • FedFan59

    Congrats on a bad piece of journalism. 130M is a laughable price for the space on offer. 60% of it is BELOW GRADE, 20% is ground floor/street level, and this supposed palace peaks at the 2nd story of the building. Trophy of all trophies? Nonsense.

    • Matsumori

      And the windows open on riverside drive.

      • steve friedman

        riverside drive? i guess you must also be a broker since you know so much about riverside drive

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