--- title: "440 Riverside Drive #C, New York City, NY 10027" description: "440 Riverside Drive #C, New York City, NY 10027 — Morningside Heights, New York City, NY. Listing Price $499,000. Studio bed, 1 bath Illustrative Buyer Commission Share of $7,485 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10027/440-riverside-drive-c-ny-10027" source: "Real Estate Rebate Team" status: "Active" --- # 440 Riverside Drive #C, New York City, NY 10027 Morningside Heights, New York City, NY Courtesy of Sothebys International Realty ## At a Glance - **Listing Price**: $499,000 - **Beds**: Studio - **Baths**: 1 - **Common Charges**: $711 / mo - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $499,000 - **Illustrative Buyer Commission Share**: -$7,485* - **Illustrative Net Cost**: $491,515 *Illustrative Buyer Savings of $7,485 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![440 Riverside Drive #C, New York City, NY 10027 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4754b1d4-afc2-40f2-8831-008195138700.jpg) ![440 Riverside Drive #C, New York City, NY 10027 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f79a98df-d7cc-4adb-8607-aa1094c3503a.jpg) ![440 Riverside Drive #C, New York City, NY 10027 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/53f2a7ec-5518-47ed-8e0b-a53f945ff54d.jpg) ![440 Riverside Drive #C, New York City, NY 10027 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b701ca47-8509-40f0-8139-c7d1a96b71bd.jpg) ![440 Riverside Drive #C, New York City, NY 10027 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bf0a08d1-0ec3-4858-9732-7cda7dce8e52.jpg) ![440 Riverside Drive #C, New York City, NY 10027 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8781d9e1-85a8-440a-9318-b8768e020941.jpg) ![440 Riverside Drive #C, New York City, NY 10027 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a8fce874-33ef-41ef-b6f2-d51c423f2aab.jpg) ![440 Riverside Drive #C, New York City, NY 10027 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1dd4529e-799d-4c28-952b-697bbe9cc6de.jpg) ![440 Riverside Drive #C, New York City, NY 10027 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/683706fa-d49b-41ef-8afb-940980ea0c67.jpg) ![440 Riverside Drive #C, New York City, NY 10027 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b76c9ba9-f6af-4279-8415-8b1140d59a05.jpg) ## Property Overview Live in a grand-sized, peaceful studio at The Paterno, the gracious and spectacular landmark cooperative located at 116th Street and Riverside Drive in the heart of Morningside Heights. This spacious studio features wood floors, a large separate kitchen, a full bathroom, offering the flexibility to create a comfortable one-bedroom layout. The Paterno is a full-service, 24-hour doorman and concierge cooperative with exceptional financials. Enjoy over 2,500 square feet of outstanding resident amenities, including a spectacular new roof deck with picnic tables and chairs and a dedicated sun deck, as well as a stunning, beautifully maintained lobby. Ideally located just one block from the subway and moments from Columbia University, the building offers convenient access to transportation, restaurants, shopping, and all that Morningside Heights has to offer. A rare opportunity to own a generously proportioned studio in one of Morningside Heights’ most distinctive and historic buildings. ## Property Details - **Property Type**: Co-op - **Baths**: 1 - **Rooms**: 2 - **Stories**: 13 - **Year Built**: 1910 - **Common Charges**: $711 / Monthly - **Listed On**: Aug 18, 2026 - **Days on Market**: 21 Days ### Residence Features - Building Washer Dryer Install Allowed - Common On Floor - Common Area - Building Roof Deck - Hardwood - City - River ## Sales Evidence ### Recent closed sales 8 apartments at The Paterno have recorded sales since September 2021, the most recent for $975,000 in February 2026. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sold Price | Sold | Source | | --- | --- | --- | --- | --- | | 108 (Apartment) | — | $975,000 | February 27, 2026 | City record | | 97 (Apartment) | 2 | $1,100,000 | July 1, 2024 | City record · MLS | | 6 (Apartment) | Studio | $380,000 | June 10, 2024 | City record · MLS | | 105 (Apartment) | 2 | $939,000 | February 13, 2024 | City record · MLS | | 114 (Apartment) | 1 | $655,000 | October 25, 2023 | City record · MLS | | 58 (Apartment) | 2 | $1,200,000 | August 22, 2022 | City record · MLS | | F (Apartment) | — | $475,000 | February 25, 2022 | City record | | 106 (Apartment) | — | $1,285,000 | December 1, 2021 | City record | Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below. ### How this price compares The median closed price for comparable co-op studio sales in Morningside Heights is $290,000, based on 4 sales between September 2024 and May 2026. This home is asking $499,000, $209,000 above that median. The middle half of those sales closed between $270,000 and $325,625. - **Median closed price**: $290,000 - **Middle half**: $270,000 – $325,625 - **Based on**: 4 co-op studio sales in Morningside Heights - **Period**: September 2024 – May 2026 Square footage is recorded for only 0 of these 4 sales (0%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest. Across the 4 of these sales with a published asking price, the median closed at 94.7% of what it originally asked. 75% of them closed below the original ask. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Morningside Heights instead. ### How these sales were negotiated - **Sold vs original ask**: 94.7% of the original ask - **Closed below ask**: 75% of 4 sales - **Listed → in contract**: 99 days (about 14 weeks) - **In contract → closed**: 94 days (about 13 weeks) Across the 4 of these sales with a published asking price, the median closed at 94.7% of what it originally asked. 75% of them closed below the original ask. Half of these homes were in contract within 99 days (about 14 weeks) of coming to market, based on the 4 with a recorded listing date. Once a deal was agreed, closing took a further 94 days (about 13 weeks), based on the 4 with both dates recorded. A co-op board package and its interview account for much of that. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Based on 4 co-op studio sales in Morningside Heights, September 2024 – May 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at The Paterno](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/the-paterno) ## Property Taxes This apartment is part of a co-op that is taxed as one lot shared across 106 apartments. The corporation’s 2026 property tax bill was $781,644 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit. [See the full property tax history for The Paterno](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/the-paterno) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### The Paterno Morningside Heights · Stock Cooperative 440 RIVERSIDE Drive, New York, NY 10027 A building in Morningside Heights, currently featuring 1 active listing. - **Year Built**: 1910 - **Total Units**: 1 - **Floors**: 13 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/the-paterno) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [C](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10027/440-riverside-drive-c-ny-10027) | Studio | 1 | — | — | $499,000 | Sothebys International Realty | Aug 18, 2026 | 21 days | ## Estimated Monthly Payment **$3,234 / month**, assuming a 20% down payment ($99,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $2,523 - **Common Charges**: $711 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Morningside Heights Overview of Morningside Heights [Explore Morningside Heights](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/morningside-heights) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Morningside Heights - [Harlem real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/harlem) - [East Harlem real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-harlem) - [Upper West Side real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/upper-west-side) - [Central Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/central-park) ## Related Links - [The Paterno — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/the-paterno) - [Morningside Heights neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/morningside-heights) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.