The Riverton Houses is a seven-building affordable housing complex in Harlem, consisting of 1,229 residential units along the Harlem River. It was built by the Metropolitan Life Insurance Corporation in 1944. The buildings have long been the home of many African American New Yorkers, who, due to segregationist housing policies, were not eligible to live in other affordable complexes like Stuyvesant Town or Peter Cooper Village. In December of 2015, A&E Real Estate bought the buildings for $201 million and entered into an regulatory agreement with the city to keep 975 units affordable for the next 30 years. In return, A&E will get $100 million in tax breaks and other incentives. The buildings' previous owner was Larry Gluck of Stellar Management, who eventually went into foreclosure after buying the complex in 2005. Gluck later tried to buy the complex back, but the city recommended that CW Capital, who controlled the building on behalf of creditors, reject Gluck's bid. Famous former tenants of the Riverton Houses include former New York City mayor David Dinkins and jazz pianist Billy Taylor. -WP
- Address 2156 Madison Avenue
- neighborhood Harlem
- borough Manhattan
- owner A&E Real Estate Holdings
- owner entity NEW YORK LAW SCHOOL
- Year Built 1944
- residential units 1,229
- total units 1,229
- block and lot 1-00176-0001
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- Event Sales
- Address 57 Worth Street
- Neighborhood Tribeca
- Borough Manhattan
- Square feet 12,500
- Price $ 153,000,000
- Price per foot $ 12,240.00
- Publication Date 10/01/2005
- Event Date 08/22/2005
- Party 1 New York Law School
- Party 2 Tishman Speyer
- Event Sales
- Address Riverton Houses
- Neighborhood Midtown
- Borough Manhattan
- Price $ 135,000,000
- Publication Date 08/01/2005
- Event Date 06/17/2005
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Richard Baxter, Jonathan Caplan, Yoron Cohen, Scott Latham
- Party 2 Joseph Chetrit