Riverton Houses | The Real Deal New York

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Riverton Houses

2156 Madison Avenue
New York, NY 10037
Residential, Leasing/Rental

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

...Douglas Eisenberg in Harlem at the 1,000-plus-unit Riverton Houses, which his company bought for about $200 million in 2015. Douglas Eisenberg, New York City’s...

10/18/16
...violations" and maintained affordability at its properties. Harlem's Riverton Houses A&E owns more than 100 buildings throughout the city and has accumulated over...

...in New York rental properties, including the $201 million Riverton Houses complex in Harlem in a deal brokered with the city. John Arrillaga -— the...

06/29/16
...bought the 1,229-unit Harlem complex known as the Riverton Houses. But this is the reality of many affordable housing and rent-stabilized programs for privately-owned...

12/18/15
...John Arrillaga Jr. (credit: New York Social Diary), Riverton Houses in Harlem and Douglas Eisenberg A&E Real Estate Holdings, which has quietly grown...

12/17/15
...Douglas Eisenberg and Riverton Houses (Credit: PropertyShark) From TRData: With fewer than five years under its belt, A&...

03/05/14
...into default — such as Stuyvesant Town or the Riverton Houses  — or where one of the partners was squeezed out. Yet the potential refinancing, which...

01/20/14
...Riverton Houses at 2156 Madison Avenue and Laurence Gluck Stellar Management founder Laurence Gluck is in talks...

08/29/12
...CompassRock also took over management duties at Harlem's Riverton Houses complex in April. -- Adam Fusfeld...

...the same time that Stuyvesant Town and the Riverton Houses, two high-profile Manhattan rental complexes, were sold to investors also looking for opportunistic returns...

05/09/11
...troubled Stuyvesant Town and Peter Cooper Village and Riverton Houses complexes. Though the owners of those properties defaulted after their failed attempts to bring...

11/02/10
...from the city's housing voucher program, and Harlem's Riverton Houses, which ended up in foreclosure earlier this year. Stellar will take in 6 percent in...

09/17/10
...a dorm; and the $125 million foreclosure auction of Riverton Houses. Bistricer was a bidder on the purchase of the 5,881-unit apartment project Starrett...

08/31/10
...setbacks for the landlord, who lost his massive Riverton Houses complex in Harlem to foreclosure earlier this year after failing to convert its 1,230 rent-regulated...

08/31/10
...setbacks for the landlord, who lost his massive Riverton Houses complex in Harlem to foreclosure earlier this year after failing to convert its 1,230 rent-regulated...

08/31/10
...setbacks for the landlord, who lost his massive Riverton Houses complex in Harlem to foreclosure earlier this year after failing to convert its 1,230 rent-regulated...

07/16/10
...surprised Gluck could get financing since he lost Riverton Houses in Harlem in a foreclosure and is facing a $110 million foreclosure suit at the...

07/02/10
...Riverton Houses Fortress Investment Group has acquired CW Financial Services, one of the country's largest special...

06/18/10
...on delinquent commercial properties, including Stuyvesant Town and Riverton Houses. The winner of the bid is expected to be announced next week, according to...

06/18/10
...on delinquent commercial properties, including Stuyvesant Town and Riverton Houses. The winner of the bid is expected to be announced next week, according to...

05/13/10
...Financial Services, parent company to Stuyvesant Town and Riverton Houses special servicer   16. A do-it-yourself backyard? 17. Banks still holding their breath for a nationwide...

...by special servicer CWCaptial at Stuyvesant Town and Riverton Houses, both of which were hit hard by the downturn but are looking to restructure...

04/26/10
...was recently brought in to manage Harlem's 1,230-unit Riverton Houses and to consult on the transfer of Stuyvesant Town and Peter Cooper Village by...

03/31/10
...landlord widely scorned for his handling of the Riverton Houses complex in Harlem, could emerge from his semi-pariah status, according to the New York...

03/17/10
...just taken over as special servicer at the Riverton Houses in Harlem, special servicer CWCapital may soon be under new ownership, according to Crain's...
  • 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
notes
Sold with adjacent parking lot for $153 million.

...in New York rental properties, including the $201 million Riverton Houses complex in Harlem in a deal brokered with the city. John Arrillaga -— the...

12/17/15
...Douglas Eisenberg and Riverton Houses (Credit: PropertyShark) From TRData: With fewer than five years under its belt, A&...