5040 Independence Avenue

Riverdale   |   West 250th Street & West 252nd Street

Building For Sale
$ 6,450,000
Ownership Single Family
Lot Size 167'x313'
Floors/Apts 3/1
Status Active
Real Estate Taxes [Per Annum] $ 51,780
Building Type House
Building Size 90'x40'
Year Built 1899
ASF/ASM 17,620/1,637
Listing ID: 100756TH

Jason Bauer

License

Manager, Licensed Associate Real Estate Broker

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Property 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 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.

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.


Listing Courtesy of Douglas Elliman Real Estate

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Apartment Features

A/C [Central]

Outdoor

Terrace
5040 Independence Avenue Riverdale Bronx NY 10471

Building Details [5040 Independence Avenue]

Ownership Single Family
Service Level None
Access Walk-up
Block/Lot 5940/539
Building Size 90'x40'
Zoning R1-1
Building Type House
Year Built 1899
Floors/Apts 3/1
Lot Size 167'x313'

Building Amenities

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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 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
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.