5505 Palisades Avenue, Bronx, NY, 14071 | $1,890,000

Create your dream home on one of Riverdale's most extraordinary remaining lots. Situated on approximately 32, 450 square feet, 5505 Palisade Avenue (Lot #2) presents a rare opportunity to build a custom luxury residence overlooking the Hudson River. With unobstructed western views and breathtaking sunsets, this exceptional property offers an unparalleled setting that combines natural beauty, privacy, and convenience. Located in one of Riverdale's most prestigious neighborhoods, the property is just minutes from Metro-North, express buses, and major parkways, providing an easy commute to Manhattan while enjoying the tranquility of a private riverfront setting. Opportunities to build a new custom home with panoramic Hudson River views in New York City are exceedingly rare, making this a truly once-in-a-generation offering. Much of the development work has already been completed, significantly shortening the timeline to begin construction. The Site Plan review has been completed by all relevant New York City and New York State planning and environmental agencies, including Site Plan and SNAD approvals, as well as approved sewer connection and stormwater management plans. The approved Site Plan allows for the construction of a two-story residence with a basement ranging from approximately 2, 000 to 6, 200 square feet. The property can be delivered with preliminary conceptual plans for an approximately 6, 000-square-foot luxury residence, including floor plans, elevations, and architectural renderings that showcase the remarkable potential of the site. Following closing, construction could begin within just a few months upon submission of final architectural and construction drawings to the New York City Department of Buildings. Whether you envision a striking contemporary masterpiece or a timeless custom home, this exceptional property offers the opportunity to create a legacy in one of New York City's most coveted residential neighborhoods. Please note that this offering is for the vacant lot only. All renderings, floor plans, and conceptual drawings are provided solely to illustrate the property's potential.

Features

  • Elem. School: Contact Agent
  • High School: Contact Agent
  • School District: Contact Agent
  • MLS#: 1024242
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/1024242/5505palisadesavenue_bronx_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Douglas Elliman Real Estate   Phone: 718-884-5815

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

5505 Palisades Avenue, Bronx, NY, 14071

$1,890,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,512,000 $1,512,000 $1,512,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.250% 6.000% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.069% 6.110% 5.932%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $8,349 $9,065 $12,556
Total Monthly Payment $8,474 $9,190 $12,681

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.