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In 2013, Roy Niederhoffer, president of R.G. New York Niederhoffer Capital Management, Inc. needed a place to live. He had started a long-term construction project to renovate a house in Manhattan, but in the meantime, he and his young family lived in a nearby rental, a situation he described as short-lived.
"I was as if I needed a place to live now," he says. And so, when he saw that the three units of a Riverside Drive mansion were simultaneously selling, he jumped. "It's a home I've admired for decades as one of New York's biggest houses. Seeing it was on sale was very exciting and its price had dropped dramatically. Together, the three units at 40 Riverside Drive cost Niederhoffer about $ 12.9 million, according to StreetEasy.
Five years later, his initial renovation project is finally over. Niederhoffer reluctantly sells the 10,720-square-foot, 32-foot-wide mansion on the market with Cathy Taub of Sotheby's International Realty, Dexter Guerrieri and Nicole Kats of Vandenberg to Douglas Elliman Real Estate. The house is listed at $ 15.9 million. Niederhoffer will accept cash or the equivalent in Bitcoin.
"I am a strong supporter of Bitcoin," he says. "I'm really optimistic about it and I want to own more."
If someone was paying in cryptocurrency, Niederhoffer said, he would simply cover his share of the closing costs in hard currency. "Regardless of broker obligations and fees, I would pay in cash and keep Bitcoin," he says.
It is a particularly contemporary development in a house steeped in history.
A chain of owners
True Clarence was a nineteenth-century architect for the city's nouveau riche, who worked as a black-and-white developer trying to match the wealth of his clients. In one of these companies, True has developed a set of houses on Riverside Drive, which at the time was an article in the Streetscapes published in the New York Times and which was considered "the future coastline". golden side of the Upper West Side ".
According to an article by New York historian Tom Miller, the construction of Forty Riverside Drive, which was part of this venture, was completed around 1897 with five floors, a lift and five original bathrooms.
The property is located on the northeastern corner of Riverside Drive and overlooks Riverside Park, the Hudson River and New Jersey. Miller wrote that it had been originally purchased for $ 125,000 by Henry C. Miner, a congressman and serial entrepreneur, owner of a string of theaters, a pharmacy and of interest in locomotive companies.
After passing through a series of brightly colored and wealthy owners, the building was transformed into a nursery school in the late 1930s and then divided into several dwellings. By the time Niederhoffer had the opportunity for everyone to recombine them into a single-family home, some parts had no more details, while some of the main spaces of the building remained totally intact.
"The lower floors were totally traditional," he says. "And then you reached the upper floors, and it looked like a TribeCa loft."
What's inside? What's inside?
There are now six floors in total. The ground floor of the house has two entrances. The main, Riverside Drive, leads to a main hall with marble walls, while the entrance to 76th Street leads to a one bedroom apartment with its own kitchen and a garden at the back.
"This is the ideal situation for a person with a family in law who she loves but does not want to see all the time," says Niederhoffer. "We currently have a large hall on the ground floor, but it could easily be converted into [floor-through] two bedroom apartment. "
There is also a cellar that Niederhoffer has transformed into a home cinema.
The second floor has a ballroom with 12.5 foot ceilings and a fireplace. This floor also has a kitchen and a suite with its own marble bathroom and jacuzzi tub.
According to Niederhoffer, they decided to turn the third floor into a master suite with a second bedroom (there is also a full kitchen on this floor), then convert the fourth floor into a three-level entertainment area with a kitchen, formal dining room, living room, balcony and soundproof library. (So it's four kitchens, if you count.)
According to Niederhoffer, it is the upper outdoor terrace that seals the agreement.
"You can look at 76th Street and see Central Park, and there is a foyer – we play guitar and sing until 3 am," he says. (Niederhoffer is Chairman of the Board of New York City Opera and the Harmony Program, a non-profit organization that offers intensive music programming to under-served communities.)
The fifth floor is accessed by a curved glass staircase and has another master suite and a common room, while the sixth has yet another master suite lit by skylights. There is also a rooftop terrace on two levels.
Private Wi-Fi, public park
In total, the building has five separate outdoor spaces, although it lacks garden space. According to Niederhoffer, this is not a problem. "It's like Riverside Park was our backyard," he says. "I can see my kids playing in the park from my deck and when I'm in the park, I still enjoy our private Wi-Fi."
Width and triple exposure are extremely rare in comparable houses in New York; however, given the weakness of the existing townhouse market, Niederhoffer says he has "sold the price".
The real selling point, he says, is the natural light of the house. "You have it from three sides plus the ceiling," he says. "With the brown stones, I always use the word" falls "because you get a little light in the middle of the day and you certainly do not have a sunset."
In contrast, at 40 Riverside Drive, "My five-year-old son and I sat on the terrace night after night," he says. "Our routine was watching the sunset."
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