5247 INDEPENDENCE Avenue
About This Property
Spanning a stately 10,000 square feet, this impressive home offers 9 bedrooms and 8 bathrooms on a serene 0.61-acre lot. The exterior preserves its rich historical character with striking features such as two chimneys, gabled slate roofs, elegant Doric columns, and a porte-cochere. Inside, the exquisite original millwork, gleaming hardwood floors, and generous windows exude timeless charm.
Enter through a grand open parlor with a fireplace, once used to greet guests in sophisticated style. The first floor includes a formal dining room, a well-appointed kitchen, and two refined libraries with bay windows and fireplaces. The expansive living room opens through glass doors onto a stunning veranda, offering uninterrupted views of the Hudson River year-round.
The home's split-level staircase leads to 9 well-proportioned bedrooms, thoughtfully arranged for privacy. The second floor features 5 bedrooms, including a luxurious master suite with a river-view terrace. The third floor houses 3 additional bedrooms, perfect for family or guests. Several bedrooms boast wood-burning fireplaces, adding to the home's grandeur. Enjoy breathtaking views of the river and Palisades from the spacious deck and oversized balcony.
The Riverdale Historic District, designated as NYC's 54th historic district by the Landmarks Preservation Commission in 1990, is home to notable attractions such as the Perkins Estate at Wave Hill. This area offers beautifully landscaped parks, winding tree-lined streets, and an array of cafes, restaurants, and top-rated private and public schools. Located just 15 minutes from Manhattan by car, subway, or Metro-North, this exceptional estate provides a seamless blend of historic elegance and modern convenience.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 19, 2025 | Sold | ||
| Sold | |||
| Aug 13, 2025 | In contract | - | |
| In contract | |||
| Nov 22, 2024 | Listed by Christies International Real Estate Group LLC | $3,795,000 | |
| Listed by Christies International Real Estate Group LLC | |||
| Mar 10, 2024 | No longer available | - | |
| No longer available | |||
| Feb 2, 2024 | Listed by Keller Williams Realty Group | $4,500,000 | |
| Listed by Keller Williams Realty Group | |||
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Welcome to 5247 Independence Avenue! This extraordinary residence known as the Henry Atherton Villa was once a gathering place for artists, poets, & society notables at the turn of the 20th century. Perched gracefully with views extending over the Hudson River & the Palisades, this property is a mere 15-minute drive from Midtown Manhattan, nestled within the lush historic district of Riverdale & walking distance to the notable Wave Hill Cultural Center & Garden. Constructed in 1830, the home showcases the enduring charm of the Gothic Revival style, complemented by a Colonial Revival addition at the turn of the century. This distinguished residence spans an expansive 10,000 square feet, with 9 bedrooms, 8 baths, expansive lawns, a sunlit solarium, a greenhouse & a veranda offering enchanting river vistas. This historic colonial home is a living piece of history that seamlessly combines the grace of the past with the comforts of the present making it as inviting as it is awe-inspiring.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017