The Residence at River House, which at $130 million is New York City’s priciest home listing, is being taken off the market, The Real Deal has learned. The move comes after the nonprofit River Club of New York, which operates a private club from a five-story, 62,000-square-foot space in the 435 East 52nd Street building, reached an agreement with the building’s co-op board to purchase the space.
“The River Club of New York, Inc. and River House Realty Co., Inc. are pleased to announce that they have signed a letter of intent regarding the River Club’s purchase of the premises that it has occupied since 1931,” the two parties said in a joint statement provided to TRD.
The sale is expected to close early in the summer, the two parties added.
The Art Deco building’s co-op board put the space, which is roughly the size of 10 typical Manhattan townhouses combined, on the market in September, while negotiations between the board and the club were still ongoing. It was being marketed as a palatial home boasting a massive entry foyer, a master suite with river views, a screening room, an indoor pool with a generous deck — and of course, an on-site tennis court.
Brown Harris Stevens superbrokers John Burger and Kyle Blackmon had the listing for the home. Burger told TRD that the duo was “discontinuing our marketing efforts and respecting the letter of intent” between the two parties, adding that he was “delighted that this wonderful New York institution” would continue to exist as a club.