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    779 Riverside Drive

    779 Riverside Drive
    New York, NY 10032
    212-433-1234
    Residential, Sales, Condo, Multifamily

    The sponsor(s) filed plans on 08/11/06 for a condo project at 779 Riverside Drive with 104 residential units. The sponsor(s) were approved to market the units for sale on 10/11/07. TRData has determined that the sponsor(s) have sold more than 80 percent of the sponsor units in the building.

    • Address 779 Riverside Drive
    • neighborhood Washington Heights
    • borough Manhattan
    • owner GF Capital
    • developer GF CAPITAL
    • owner entity HEIGHTS HQ LLC
    • architect Citiscape Consulting
    • PLANS DISCLOSED 02/28/2014
    • dob permit issued 03/13/2015
    • DOB FILE PLANS 02/28/2014
    • DOB FILE Link
    • LIST/LAUNCH SALES 10/11/2007
    • height in feet 66
    • floors 6
    • AG Initial Price $ 57,679,500
    • ag file plans 08/11/2006
    • AG FILE Link
    • residential units 104
    • commercial units 2
    • hotel units 0
    • total units 258
    • square feet 15,986
    • const. status CONDO COMPLETE
    • block and lot 1-02134-7502
    • BIN 1063251
    Condominium Units+
    • Event Sales
    • Building Name Washington Heights
    • Address 779 Riverside Drive
    • Neighborhood Washington Heights
    • Borough Manhattan
    • Price $ 19,300,000
    • Price per foot $ 136.00
    notes
    The six-story, rent-stabilized, elevatored apartment property sold in an all-cash transaction for $19.3 million, which represents capitalization rate of 4.95 percent, a gross rent multiple of 11.59, and a and a price of $136 per buildable square foot. The property aggregates 99,750 square feet of space which includes a 90 car garage and is zoned for an additional 41,900 square feet of air rights. The acquirer intends to convert the property to condominium units.
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