5040 Independence Avenue

5040 Independence Ave
Riverdale

$6,450,000
Price
9
Beds
17,620 Sq. Ft.
$366 / Sq. Ft.
17,620
Sq. Ft.
$366
per Sq. Ft.
a view of a back yard of the house
a view of house with yard and entertaining space
a bedroom with a bed and a large mirror
a close up of a sink
a view of an empty room with windows
a living room with furniture and a fireplace
a view of a livingroom with wooden floor and window
a living room with furniture and a large window
a large white kitchen with a large window
a large white kitchen with cabinets and wooden floor
a kitchen with granite countertop a stove and cabinets
a spacious bedroom with bed and a large window
an empty room with wooden floor and windows
a bedroom with a bed and lamp
a living room with furniture and wooden floor
a living room with furniture and a window
a view of a room with gym equipment
a view of a white house with a yard
a view of a white building with a big yard
a view of house with outdoor space and swimming pool
a view of outdoor space and yard
a view of swimming pool with lawn chairs and plants
a picture of a floor plan
a picture of a bench in a building
a picture of a rug and a clock on the wall
a picture of a bench in a cabinet

Description

A Grand Mansion in Historic Riverdale - 5040 Independence Avenue Commanding over 1.2 acres of prime land in the verdant enclave of Riverdale, the Bronx, 5040 Independence Avenue is a once-in-a-generation offering. This exceptional estate, nestled above the iconic Wave Hill Gardens, is steeped in both architectural significance and presidential heritage as it is located on the very same site that the childhood home of John F. Kennedy once stood when he attended Riverdale Country School. At the heart...A Grand Mansion in Historic Riverdale - 5040 Independence Avenue Commanding over 1.2 acres of prime land in the verdant enclave of Riverdale, the Bronx, 5040 Independence Avenue is a once-in-a-generation offering. This exceptional estate, nestled above the iconic Wave Hill Gardens, is steeped in both architectural significance and presidential heritage as it is located on the very same site that the childhood home of John F. Kennedy once stood when he attended Riverdale Country School. At the heart of the estate is an awe-inspiring primary mansion spanning approximately 17,620 interior square feet across three expansive floors, with an additional 7,500-square-foot basement offering endless potential for customization. Inspired by the spiraling curves of the Guggenheim Museum, the residence features a dramatic triple-height atrium-a luminous, rotunda-like centerpiece that creates a sense of openness, elegance, and timeless modernity. With 9 bedrooms, 7 bathrooms, and 2 powder rooms, this grand mansion offers incredible scale and volume for refined living and entertaining. A sprawling sunken living room opens seamlessly onto a generous terrace, part of the estate's 4,500 square feet of terraced outdoor space that embraces the natural beauty of the Hudson River Valley. Complementing this are a formal dining room, large eat-in kitchen that is also complimented by a large adjacent morning terrace, a separate library, media room, and multiple entertaining salons. A 10-car garage adds both functionality and prestige. A separate cottage-ideal for guests, staff, or extended family-offers an additional 2,000 square feet, including 3 bedrooms, 2 bathrooms, and an attached 2-car garage. This rare and expansive Riverdale property combines the privacy and grandeur of an exclusive country residence with the convenience of proximity to Manhattan-you can get to Midtown Manhattan in under 30 minutes by car, and not much longer via the Metro North or Subway trains. Wave Hill Gardens sits directly west of the property, offering its lush gardens and grounds, art gallery, cultural center, and charming caf for additional respite and enjoyment. Just a few blocks away are the Riverdale Stables and golf course in Van Cortland Park, as the Riverdale Yacht Club and picturesque Hudson River trails, offering a lifestyle rich in recreation, sport, and history. 5040 Independence Avenue is more than a residence-it's a legacy property rooted in American history, surrounded by nature, and designed for both extraordinary living and inspired entertaining. While 5040 will welcome your own-or your architect's-vision to complete the property, it will be delivered with a Temp Certificate of Occupancy. Images included have been virtually staged.

Property Details for 5040 Independence Avenue

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LISTING UPDATED: 08/22/2025 11:40 AM

Property Details for 5040 Independence Avenue

StatusActive
MLS IDRLS20024172
Days on Market214
Taxes$4,315 / month
Maintenance-
Min. Down Pymt-
Total Rooms20.0
Compass TypeTownhouse
MLS TypeSingle Family Townhouse
Year Built1899
Lot Size52,271 SF / 313' x 167'
CountyBronx County

Building

5040 Independence Ave

1 Units3 StoriesBuilt in 1899

Location

Listing Courtesy of Douglas Elliman Real Estate
Add your commute

Building Information for 5040 Independence Avenue

Stories3Year Built1899Building Size90' x 40'Building Sq. Ft10,800 SFLot Size52,271 SF / 313' x 167'Building Age-Building Type-

Payment Calculator

$36,187 per month

30 year fixed, 6.28% Interest

Principal and Interest

$31,872

Property Taxes

$4,315

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5040 Independence Avenue

Summary
Location and General Information
  • Subdivision Name: Estate Area
  • Stories Total: 1
  • Garage Spaces: 0.0
  • View: No
Taxes and HOA
  • Tax Lot: 0539
  • Tax Block: 05940
  • Flip Tax: $0
  • Building Tax Lot: 0539
  • Tax Abatement YN: false
Parking
  • Garage: Yes
  • Garage Spaces Assigned YN: false
Property
Lot Information
  • Living Area: 17620.0
  • Building Area Total: 17620.0
  • Building Area Units: SquareFeet
  • Lot Size Dimensions: 313.00x167.00
  • Living Area Units: SquareFeet
Building Information
  • Landmark Status YN: false
  • Building Smoke Free YN: true
  • Building Laundry Features: InUnit
  • Building Pets Allowed: BuildingYes
  • Capital Reserves YN: false
  • Green Building YN: true
Property and Assessments
  • New Development: No
  • Sponsor Unit: No
  • Certificate Of Occupancy: Yes
  • Percent Of Common Elements: .00%
  • New Construction: No
  • Structure Type: Townhouse
  • Property Condition: Fair
Interior and Exterior Features
Exterior Features
  • Basement: Other
  • Patio And Porch Features: Deck, Terrace, WrapAround
Interior Features
  • Cooling: CentralAir
  • Entry Level: 1
  • Fireplace Features: Electric
  • Fireplaces Total: 1
  • Fireplace: Yes
  • Floor Number: 1
  • Basement: No
  • Cooling: Yes
  • Laundry Features: WasherHookup
  • ElevatorsTotal: 0
  • Size Dimensions: 40.00x90.00
Multi Family
Multi-Family Information
  • Number Of Units Total: 1
Rental
Rental Information
  • Pets Allowed: UnitNo
  • Delivered Vacant: Yes
  • Attendance Type: None
  • Land Lease: No

Property History for 5040 Independence Avenue

DateEvent & SourcePriceAppreciationLink
May 15, 2025

Listed (Active)

RLS RESO #RLS20024172

$6,450,000—
DateEvent & SourcePrice
05/15/2025

Listed (Active)

RLS RESO #RLS20024172

$6,450,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5040 Independence Avenue

Taxable ValueLand$97,740Additions$771,840Total$869,580
Tax Record2025$51,777 ($4,315 / month) Tax Class1Tax Rate20.085%
Home Facts
Total Finished SqFt17,000 SqFtLot Size52,271 SqFtYear Built1899ZoningR1-1APN2059400539

Schools near 5040 Independence Avenue

This home is within New York City Geographic District #10.
Rating
School
Type
Grades
Distance
P.S. 81 Robert J Christen
Public - K to 5
Riverdale Kingsbridge Academy (Ms High School 141)
Public - 6 to 12
Ampark Neighborhood
Public - PK to 5
Bronx Theatre High School
Public - 9 to 12
Rating
School
Distance
P.S. 81 Robert J Christen
PublicK to 5

Riverdale Kingsbridge Academy (Ms High School 141)
Public6 to 12

Ampark Neighborhood
PublicPK to 5

Bronx Theatre High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5040 Independence Avenue, Riverdale

5040 Independence Avenue is a townhouse for sale in Riverdale. This property was listed for sale on May 15, 2025 by Douglas Elliman Real Estate, it's currently listed at $6,450,000. This listing's school district is New York City Geographic District #10. Nearby schools include P.S. 81 Robert J Christen, Riverdale Kingsbridge Academy (Ms High School 141) and Ampark Neighborhood. 5040 Independence Avenue is a 9-bed, 9-bath, 17,620 sqft townhouse built in 1899.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Douglas Elliman Real Estate

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2025, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2025 The Real Estate Board of New York, Inc., All rights reserved.