--- title: "550 Riverside Drive Apartments for Sale in Manhattan | Buyer Savings" description: "View active listings, prices, and amenities at 550 Riverside Drive, located at 550 Riverside Drive, New York, NY 10027 in Manhattan. Buy an apartment with Buyer Advantage savings." url: "https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/550-riverside-drive" source: "Real Estate Rebate Team" --- # 550 Riverside Drive 550 Riverside Drive, New York, NY 10027 Morningside Heights · Rental Building · Built 1926 ## At a Glance - **Active Units**: 0 Units - **Starting Price**: Contact - **Property Type**: Rental Building - **Year Built**: 1926 ## Illustrative Buyer Savings *Available on eligible listings* Illustrative, based on a 3% buyer-broker commission on the highest-priced available residence. Régis shares 50% of the buyer-side commission actually received, so your figure follows the commission offered on your transaction. Work with Régis before touring or submitting an offer to understand the building, evaluate pricing, and preserve eligible Buyer Advantage opportunities. **Régis Roumila** — Principal Broker · NY & NJ. Private buyer representation for luxury resale and new development purchases. Verified Member: REBNY · NAR. NYDOS LIC#: 10491211335. [Speak with Régis](mailto:info@real-estate-rebate.com?subject=Inquiry%3A%20550%20Riverside%20Drive) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Key Building Details - **Year Built**: 1926 - **Stories / Floors**: — - **Neighborhood**: Morningside Heights - **Active Listings**: 0 units ## Building Amenities - None - Building None - In Unit - Dishwasher - Microwave - Stainless Steel Appliance(s) - Pets: Building Yes - Pets: Yes ## Active Residence at 550 Riverside Drive No active listings are currently available for this building. [Schedule a consultation about off-market units at 550 Riverside Drive](https://realestaterebatesnewyork.com/contact) ## Property Tax History Property taxes for the co-op corporation at 550 Riverside Drive were $303,414 in 2026, up 7.0% from 2025. These figures are for the entire building across all 50 apartments, not for this apartment. A co-op is a single tax lot: the corporation pays one property tax bill and recovers it through shareholders’ monthly maintenance. There is no separate tax bill for an individual unit. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $2,850,300 | $233,100 | $2,617,200 | $2,427,310 | $303,414 | 12.5% (estimated) | | 2025 (FY 2025/26) | $2,583,000 | $233,100 | $2,349,900 | $2,269,180 | $283,648 | 12.5% (estimated) | | 2024 (FY 2024/25) | $2,446,650 | $233,100 | $2,213,550 | $2,220,910 | $277,614 | 12.5% | | 2023 (FY 2023/24) | $2,171,250 | $233,100 | $1,938,150 | $2,171,250 | $236,996 after $34,454 abatement | 12.502% | | 2022 (FY 2022/23) | $2,263,500 | $233,100 | $2,030,400 | $2,254,630 | $207,667 after $68,908 abatement | 12.267% | | 2021 (FY 2021/22) | $2,059,650 | $233,100 | $1,826,550 | $2,059,650 | $183,090 after $68,908 abatement | 12.235% | | 2020 (FY 2020/21) | $2,534,400 | $233,100 | $2,301,300 | $2,194,880 | $269,246 | 12.267% | | 2019 (FY 2019/20) | $2,491,650 | $233,100 | $2,258,550 | $2,102,230 | $262,211 | 12.473% | | 2018 (FY 2018/19) | $2,414,700 | $233,100 | $2,181,600 | $1,943,900 | $245,165 | 12.612% | | 2017 (FY 2017/18) | $2,556,000 | $233,100 | $2,322,900 | $1,928,160 | $245,243 | 12.719% | | 2016 (FY 2016/17) | $2,224,800 | $233,100 | $1,991,700 | $1,737,920 | $224,053 | 12.892% | | 2015 (FY 2015/16) | $2,247,300 | $233,100 | $2,014,200 | $1,631,260 | $210,155 | 12.883% | | 2014 (FY 2014/15) | $2,088,900 | $233,100 | $1,855,800 | $1,535,150 | $197,344 | 12.855% | | 2013 (FY 2013/14) | $1,877,850 | $233,100 | $1,644,750 | $1,357,370 | $178,426 | 13.145% | | 2012 (FY 2012/13) | $1,710,000 | $233,100 | $1,476,900 | $1,252,800 | $165,132 | 13.181% | | 2011 (FY 2011/12) | $1,749,600 | $233,100 | $1,516,500 | $1,192,920 | $160,245 | 13.433% | | 2010 (FY 2010/11) | $1,728,000 | $233,100 | $1,494,900 | $1,243,200 | $166,004 | 13.353% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Where an abatement applies, Property Tax is the amount owed after it. Abatements are granted to the property and do not necessarily transfer to a new owner. Figures are the New York City Department of Finance assessment roll for tax lot 1019950001. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## What to Review Before Buying in 550 Riverside Drive Purchasing real estate in New York City or New Jersey goes beyond the apartment itself. To secure your asset and investment equity, we systematically analyze building structures, financials, board packages, and commission sharing arrangements. 1. **Building Quality** — Review construction, finishes, amenities, management, service level, and long-term resale value. 2. **Monthly Costs** — Understand common charges, property taxes, assessments, and the full carrying-cost picture. 3. **Transaction Strategy** — Evaluate pricing, sponsor terms, closing costs, negotiation leverage, and eligible Buyer Advantage opportunities before committing. ## Location & Neighborhood 550 Riverside Drive, New York, NY 10027 ### Morningside Heights Morningside Heights is often called the "Academic Acropolis" of New York City. Perched on a high ridge north of the Upper West Side, it is dominated by Columbia University, Barnard College, and the massive Cathedral of St. John the Divine. For buyers seeking Morningside Heights Manhattan real estate, the appeal is intellectual, historic, and architecturally consistent. Living in Morningside Heights, Manhattan feels like living in a college town embedded in a metropolis. The streets are filled with students and professors. As a unique Manhattan NYC neighborhood, it offers a distinct sense of separation from the rest of the city due to its elevation and institutional focus. The market for homes for sale in Morningside Heights is extremely tight. Much of the housing stock is owned by the university for faculty housing. However, the private market features stunning pre-war co-ops with spacious layouts perfect for families and academics. Prices are generally comparable to the Upper West Side but offer more space. It is a stable market, insulated by the constant demand from the educational institutions that anchor the community. The lifestyle in Morningside Heights is cerebral and relaxed. Coffee shops are filled with laptops and debates. The dining scene is affordable and casual, catering to students with everything from bagel shops to noodle bars. It is a quiet neighborhood, especially in the summer. The community is transient due to the student population but anchored by long-term faculty residents who create a stable, intellectual core. Morningside Heights is served by the 1 train along Broadway at 110th, 116th, and 125th Streets. While it's a local train, the commute to Midtown is reliable and straightforward. The M4 and M104 buses are popular scenic routes. The neighborhood is very walkable, with most daily needs available within a few blocks on Broadway or Amsterdam Avenue. The neighborhood is bookended by two parks: Morningside Park to the east (with its dramatic cliffside views) and Riverside Park to the west. The university campuses themselves act as green quadrangles. Amenities are heavily student-focused, meaning excellent bookstores (Book Culture), affordable gyms, and copy shops. It lacks major luxury retail but makes up for it with cultural richness. Morningside Heights is best for academics, students, and families who prioritize education and pre-war charm. It is for those who want a quiet, leafy "campus" feel within the city. - [Morningside Heights Guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/morningside-heights) - [Browse Morningside Heights Residences](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/morningside-heights-manhattan) - [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ## Frequently Asked Questions ### What should I review before buying at 550 Riverside Drive? Before making an offer, review the building quality, current inventory, comparable sales, monthly carrying costs, sponsor terms, closing costs, and eligible Buyer Advantage opportunities. ### Can the Buyer Advantage apply to listings in this building? Yes. Eligible listings may offer an Estimated Buyer Advantage depending on the listing, commission structure, buyer agreement, lender approval, and final closing terms. ### Are building costs different for condos and co-ops? Yes. Condominiums typically have separate common charges and property taxes. Cooperatives usually have monthly maintenance, which may include building expenses, property taxes, and any underlying mortgage costs. ### Should I speak with a buyer broker before touring? Yes. Speaking with a buyer broker before touring helps protect your representation, evaluate pricing, and preserve eligible Buyer Advantage opportunities where available. Have questions about 550 Riverside Drive? [Speak with Régis before you tour.](mailto:info@real-estate-rebate.com) ## Considering a Residence at 550 Riverside Drive? Speak with Régis before you tour, negotiate, or submit an offer. Receive private buyer-side guidance, pricing context, and eligible Buyer Advantage opportunities where available. [Schedule a private consultation](https://realestaterebatesnewyork.com/contact) · [All buildings](https://realestaterebatesnewyork.com/buildings)