Rebirth of a classic riverfront co-op offers rare opportunity for buyers


According to the new sponsors at the Riveredge, a luxury co-op at 2575 Palisade Avenue, topping the “must-have” list of today’s discerning home buyers are three things: the new, a prime location and affordability

The inventive and veteran Riverdale development team  — Randi Kahn and Jeff Bookman  — have acquired 35 sponsor-owned apartments in the local landmark, which they’re turning into all-new, state-of-the-art cooperatives, ranging in  price from $199,000 to $999,000.

“The residences we’re offering,” stated Mr. Bookman, “are new from their entrances  to their terraces. They have new layouts, new dimensions, new flooring and new amenities, including designer kitchens, designer bathrooms and private terraces.”

“The focus,” Mr. Bookman added, “ has been on space.  The homes will contain between 500 sqaure feet and 2,000 square feet — some 20 percent larger than the average Riverdale cooperative.” Additionally, buyers will be able to customize their homes at no added cost, Mr. Bookman emphasized. “Most importantly, every residence will have unspoiled panoramic vistas of the river.”  

“Riveredge itself greatly enhances the value our buyers will receive,” added Randi Kahn. “It is one of the most desirable addresses in Riverdale. In addition to stately grace, it offers a full range of refinements and services. They include a doorman/concierge, swimming pool, a fitness center, private storage space and a private garage.”

“We not only make the living easy, but the buying experience, too,” Ms Kahn continued. “Since these are sponsor-owned residences, there is no board approval process. Further, we’ve put together attractive financing packages that will make it easy to qualify and to own for less than rent.”

Two furnished models are now open on site. They’re shown by appointment only on weekends. Call George Welch at 917-626-5552 for an  appointment or additional details.