The specified address denotes a residential location in New York City. More specifically, it identifies a property situated on Riverside Drive in Manhattan. Such an address pinpoints a particular building or residence along this notable thoroughfare.
Residences along Riverside Drive often benefit from views of the Hudson River and proximity to Riverside Park. Properties in this area can hold significant historical value and offer access to cultural amenities. The location represents a desirable residential area within the city, often associated with prestige and upscale living.
Further exploration of properties in this area could encompass architectural styles, real estate market trends, and the specific features of buildings located along this stretch of Riverside Drive. Examining these aspects provides a more detailed understanding of the locale.
1. Riverside Drive address
The designation “Riverside Drive address” serves as a geographic and contextual identifier intrinsically linked to the specific location of 222 Riverside Drive, NY. Understanding the broader implications of residing on Riverside Drive is crucial to comprehending the significance of this particular address.
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Prestige and Exclusivity
Riverside Drive carries connotations of prestige and exclusivity within New York City’s real estate market. Addresses along this thoroughfare are generally associated with higher property values and a distinguished residential environment. Therefore, the “Riverside Drive address” component instantly positions 222 Riverside Drive, NY, within a select category of properties.
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Architectural Significance
Riverside Drive is known for its architecturally significant buildings, many of which date back to the early 20th century. The “Riverside Drive address” implies that 222 Riverside Drive, NY, likely possesses distinct architectural characteristics that contribute to the overall aesthetic and historical character of the area. This includes details like pre-war construction, grand entrances, and classic design elements.
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Proximity to Amenities
A “Riverside Drive address” signifies convenient access to a range of amenities. This includes Riverside Park, which offers recreational space and scenic views, as well as proximity to cultural institutions, transportation options, and commercial areas. The address thus contributes to the overall lifestyle and convenience associated with living at 222 Riverside Drive, NY.
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Historical Context
Riverside Drive has a rich historical background, having been home to prominent figures and witnessing significant events in New York City’s history. The “Riverside Drive address” places 222 Riverside Drive, NY, within this historical narrative, potentially adding to its inherent value and desirability. Researching the specific history of the building and its surroundings can further enhance its appeal.
In conclusion, the descriptor “Riverside Drive address” is not merely a location; it is a multifaceted identifier that encapsulates the property’s prestige, architectural features, access to amenities, and historical context. Each of these aspects contributes to the overall desirability and value associated with 222 Riverside Drive, NY.
2. Manhattan location
The designation “Manhattan location,” when linked to 222 Riverside Drive NY, signifies placement within a globally recognized urban center, influencing property value, accessibility, and overall desirability. Proximity to commercial districts, cultural institutions, and transportation infrastructure directly impacts the lifestyle associated with this address. For instance, residents benefit from streamlined access to employment opportunities in Midtown and Downtown Manhattan, as well as cultural experiences at Lincoln Center, situated relatively nearby.
Furthermore, the Manhattan location provides a distinct advantage in terms of real estate investment. Property values in Manhattan tend to be more resilient compared to other boroughs, reflecting sustained demand and limited housing supply. 222 Riverside Drive NY, therefore, carries an inherent investment appeal attributable to its presence within this economically significant region. This factor often contributes to higher rental income potential and long-term appreciation prospects. Consider, for example, the comparable sale prices of similar properties located outside of Manhattan; a significant differential typically exists, underscoring the premium associated with the Manhattan address.
In summary, the “Manhattan location” of 222 Riverside Drive NY is not merely a geographic detail; it is a fundamental attribute shaping its economic value, lifestyle appeal, and investment potential. While challenges such as higher living costs are associated with Manhattan, the benefits derived from its central location and access to diverse opportunities render it a highly desirable address. This understanding is critical for evaluating the property’s significance within the broader real estate context.
3. Residential building
The term “Residential building” as it relates to 222 Riverside Drive, NY, denotes the property’s primary function and inherent design. It signifies that the structure is intended for dwelling purposes, comprising individual units or apartments designed to house residents. This categorization dictates the building’s architectural features, internal layout, and the legal framework governing its usage. The designation distinguishes it from commercial properties, industrial sites, or mixed-use developments. As a residential building, 222 Riverside Drive, NY, is subject to specific zoning regulations, building codes, and occupancy standards that are tailored to ensure the safety and comfort of its inhabitants.
The impact of this categorization is multifaceted. For potential residents, the designation ensures that the property offers amenities and services geared towards residential living, such as common areas, security features, and maintenance services. For investors, understanding the “Residential building” aspect is crucial for assessing the property’s market value, rental income potential, and long-term appreciation prospects. The building’s residential nature also influences its appeal to various demographics, ranging from families seeking spacious apartments to individuals desiring a convenient urban living experience. Consider, for example, the building’s proximity to schools, parks, and public transportation, all of which enhance its desirability as a residential location.
In conclusion, recognizing 222 Riverside Drive, NY, as a “Residential building” is fundamental to comprehending its purpose, characteristics, and value. This understanding extends to prospective residents, investors, and urban planners alike, each of whom relies on this categorization to make informed decisions. Challenges associated with aging infrastructure or changing residential preferences can impact the building’s ongoing appeal, highlighting the need for proactive management and adaptation. Ultimately, the “Residential building” designation serves as a cornerstone for evaluating the property’s significance within the context of New York City’s real estate landscape.
4. Hudson River views
The presence of Hudson River views significantly impacts the value and desirability of properties located at 222 Riverside Drive, NY. These views are a prime amenity, influencing pricing, tenant appeal, and overall quality of life for residents.
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Enhanced Property Value
Apartments with unobstructed or panoramic Hudson River views command a premium in the real estate market. The scenic vista is considered a valuable asset, contributing to higher appraisal values and increased resale potential for units within 222 Riverside Drive, NY. Comparable properties without such views typically exhibit lower market prices.
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Increased Tenant Appeal
Prospective tenants often prioritize apartments with views, especially in a competitive rental market. Hudson River views can be a deciding factor for renters choosing between comparable units. This increased demand translates to lower vacancy rates and the potential for higher rental income for landlords at 222 Riverside Drive, NY.
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Improved Quality of Life
Exposure to natural scenery has been linked to psychological benefits, including reduced stress levels and increased feelings of well-being. Residents of 222 Riverside Drive, NY, with Hudson River views may experience an improved quality of life due to the calming and aesthetically pleasing vista.
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Marketing and Branding Advantage
The “Hudson River views” become a key selling point in marketing materials and promotional efforts for 222 Riverside Drive, NY. This amenity distinguishes the property from competitors and enhances its overall brand image. Real estate listings and property descriptions frequently highlight the availability of these views to attract potential buyers or renters.
In summary, the “Hudson River views” associated with 222 Riverside Drive, NY, are a significant factor influencing property valuation, tenant acquisition, and the overall living experience. This natural amenity contributes substantially to the property’s attractiveness and market competitiveness.
5. Cooperative apartment
The designation “cooperative apartment,” in connection to 222 Riverside Drive NY, signifies a specific form of property ownership that impacts the resident’s rights, responsibilities, and the financial structure of the building.
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Share Ownership and Proprietary Lease
In a cooperative, residents do not directly own their individual apartments. Instead, they own shares in a corporation that owns the entire building. This share ownership grants them a proprietary lease, which confers the right to occupy a specific unit. At 222 Riverside Drive NY, this means residents are shareholders in the cooperative corporation and possess a lease allowing them to reside in their designated apartment. This contrasts with condominium ownership, where residents directly own their individual units.
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Board Approval and Screening Process
Cooperative ownership typically involves a rigorous application and screening process overseen by the cooperative’s board of directors. Prospective buyers at 222 Riverside Drive NY must gain board approval before purchasing shares. This process often includes financial reviews, interviews, and reference checks designed to assess the applicant’s financial stability and suitability as a resident. This vetting process is more stringent than that typically found in condominium purchases.
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Financial Implications: Maintenance Fees and Assessments
Cooperative residents pay monthly maintenance fees that cover the building’s operating expenses, including property taxes, insurance, utilities, and staff salaries. At 222 Riverside Drive NY, these maintenance fees are determined by the cooperative board and are often higher than condominium fees due to the inclusion of property taxes. Additionally, cooperative residents may be subject to special assessments to cover unexpected capital improvements or repairs to the building.
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Restrictions on Subletting and Renovations
Cooperative buildings often impose restrictions on subletting and renovations. At 222 Riverside Drive NY, shareholders may face limitations on their ability to sublet their apartments, often requiring board approval and adhering to specific timeframes. Renovation projects may also be subject to board approval to ensure they comply with building regulations and do not negatively impact other residents. These restrictions aim to maintain the building’s standards and preserve the quality of life for all residents.
The cooperative structure at 222 Riverside Drive NY, therefore, creates a unique residential environment governed by shared ownership, collective decision-making, and specific financial obligations. Understanding these aspects is crucial for potential buyers or renters considering this address.
6. Pre-war architecture
The term “pre-war architecture,” when applied to 222 Riverside Drive, NY, denotes a specific era of construction characterized by distinctive design elements and construction techniques prevalent before World War II. Buildings of this period often exhibit features such as high ceilings, ornate detailing, spacious layouts, and robust construction materials, reflecting a commitment to craftsmanship and enduring quality. The presence of pre-war architecture at this address is not merely aesthetic; it influences the building’s structural integrity, the character of its interior spaces, and its overall value in the real estate market.
The significance of pre-war architecture at 222 Riverside Drive, NY, can be observed in several practical ways. For example, the thick walls common in pre-war buildings provide superior sound insulation compared to modern construction, contributing to a quieter living environment. The layouts of pre-war apartments often include formal dining rooms and separate kitchens, reflecting the lifestyle preferences of the era in which they were built. Furthermore, the architectural details, such as crown molding, hardwood floors, and original fixtures, add to the building’s historical charm and appeal to buyers or renters seeking a unique living space. The durability of pre-war construction can also translate to lower long-term maintenance costs, despite the potential for initial renovations to update systems and amenities. A contrasting example would be a recently constructed building, which may lack the inherent character and spaciousness of a pre-war property.
In conclusion, understanding the connection between “pre-war architecture” and 222 Riverside Drive, NY, is essential for appreciating the building’s inherent qualities and its place within the city’s architectural history. While challenges such as adapting pre-war spaces to modern living standards exist, the unique features and enduring construction of these buildings contribute significantly to their enduring appeal and value. Recognizing this connection allows for informed decision-making regarding property investment, renovation, and preservation, ensuring that the historical and architectural significance of 222 Riverside Drive, NY, is maintained for future generations.
7. Real estate value
Real estate value, as it pertains to 222 Riverside Drive, NY, is a multifaceted consideration, encompassing location, architectural attributes, market dynamics, and comparable sales data. It represents the estimated worth of a specific property within a complex economic framework. Understanding the drivers of this value is crucial for potential buyers, sellers, and investors.
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Location Premium
Riverside Drive’s location in Manhattan contributes significantly to property values. Proximity to cultural institutions, parks (specifically Riverside Park), and transportation infrastructure creates a premium. 222 Riverside Drive, NY, benefits directly from this location, resulting in higher comparative values than properties in less desirable areas. For instance, comparable properties in Upper Manhattan, away from Riverside Drive, typically exhibit lower price points.
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Architectural Significance and Building Amenities
Pre-war architecture, often found at 222 Riverside Drive, NY, can enhance real estate value. Desirable architectural details, coupled with building amenities such as doorman service, fitness centers, or river views, influence pricing. Properties lacking these features generally command lower prices. Modernized units within pre-war buildings often achieve higher sales prices due to the combination of historical character and contemporary conveniences.
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Market Conditions and Economic Factors
Prevailing market conditions, including interest rates, economic growth, and housing supply, impact real estate values. A seller’s market, characterized by high demand and limited inventory, tends to inflate prices, while a buyer’s market exerts downward pressure. Local economic indicators and broader national trends influence the perceived value of properties like 222 Riverside Drive, NY. For example, periods of economic recession may lead to decreased property values and longer sales cycles.
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Comparable Sales Data and Recent Transactions
Real estate appraisers and analysts rely on comparable sales data from recent transactions of similar properties to determine the fair market value. Recent sales within 222 Riverside Drive, NY, or nearby buildings with similar characteristics provide a benchmark for assessing current valuations. Adjustments are made to account for differences in size, condition, and amenities. Without these comparable sales, establishing a realistic market value would be challenging.
In conclusion, the real estate value of 222 Riverside Drive, NY, is a result of the interplay between its prime location, architectural merits, current market conditions, and comparable sales data. These factors are continuously assessed by real estate professionals to determine an accurate and competitive valuation, which affects purchase prices, investment decisions, and long-term appreciation potential.
Frequently Asked Questions About 222 Riverside Drive NY
The following addresses common inquiries regarding the property located at this address, providing factual information.
Question 1: What is the typical architectural style of the building located at 222 Riverside Drive, NY?
Buildings along Riverside Drive often feature pre-war architecture. Expect to see elements such as high ceilings, ornate moldings, and spacious layouts characteristic of this era.
Question 2: Is 222 Riverside Drive, NY, primarily a cooperative or condominium building?
While specific ownership structures may vary, Riverside Drive is known for its cooperative apartment buildings. Potential buyers should confirm the specific ownership structure of individual units.
Question 3: What are the typical monthly maintenance fees or common charges associated with residences at 222 Riverside Drive, NY?
Maintenance fees in cooperative buildings and common charges in condominiums vary depending on unit size, building amenities, and overall operating expenses. Interested parties should request detailed financial information from the managing agent.
Question 4: What are the restrictions, if any, on subletting or making renovations to units at 222 Riverside Drive, NY?
Cooperative and condominium buildings typically have specific rules and regulations regarding subletting and renovations. Reviewing the building’s bylaws and proprietary lease is essential to understand these restrictions.
Question 5: What amenities are commonly available to residents of 222 Riverside Drive, NY?
Amenities can vary but often include doorman service, elevator access, and common areas. Some buildings may offer additional amenities such as fitness centers, storage, or bike rooms. Verify amenities with the building’s management.
Question 6: How does the location of 222 Riverside Drive, NY, influence property values compared to other areas of Manhattan?
Riverside Drive’s prime location near Riverside Park and the Hudson River often commands a premium in the real estate market. Comparable properties in less desirable areas typically exhibit lower values.
Understanding these aspects of properties located at 222 Riverside Drive, NY, assists in making informed decisions regarding real estate transactions.
The following section explores factors influencing the ongoing appeal of the area.
Navigating Real Estate Considerations at 222 Riverside Drive NY
The following tips provide guidance on key factors to consider when evaluating properties associated with this specific address.
Tip 1: Verify Cooperative Board Requirements.
Given the prevalence of cooperative apartments along Riverside Drive, prospective buyers should thoroughly investigate the cooperative board’s application requirements, financial scrutiny, and approval processes. Stringent requirements can affect the feasibility of a purchase.
Tip 2: Assess Maintenance Fee Implications.
Cooperative maintenance fees, covering building operations and property taxes, constitute a significant recurring expense. Evaluate these fees in relation to the unit’s size, amenities, and the building’s overall financial health. High fees can impact affordability and resale value.
Tip 3: Evaluate Architectural Integrity and Potential Renovation Costs.
Pre-war buildings, common in this area, offer distinctive architectural features. However, renovations to modernize these spaces can be costly. Carefully assess the condition of the unit and anticipate potential expenses for electrical, plumbing, or structural upgrades.
Tip 4: Analyze Hudson River View Impact on Valuation.
Hudson River views command a premium. However, the extent and permanence of these views should be verified. Consider potential future developments that might obstruct the view and impact the property’s long-term value.
Tip 5: Scrutinize Building Financial Stability.
The financial health of the cooperative or condominium association directly affects property values and potential assessments. Review the building’s reserve funds, history of assessments, and overall financial management practices.
Tip 6: Investigate Local Zoning Regulations.
Understanding zoning regulations surrounding 222 Riverside Drive NY is important. Regulations dictate what kind of development can occur in the area, which could impact future views and community character.
Tip 7: Research Transportation Accessibility.
Riverside Drive’s accessibility to public transportation influences its desirability. Consider proximity to subway lines and bus routes, assessing their convenience for commuting and access to other parts of Manhattan.
These considerations can substantially influence the value and long-term satisfaction derived from properties located at 222 Riverside Drive NY.
The following section concludes this analysis of properties in the area.
Conclusion
This analysis has provided an overview of the factors influencing properties at 222 Riverside Drive NY. Key considerations include architectural style, ownership structure, maintenance fees, potential renovation costs, view-related value, financial stability, zoning and transportation access. Recognizing these elements facilitates informed decision-making for prospective buyers or renters.
222 Riverside Drive NY, as a specific address, exemplifies the broader trends shaping the real estate market within this sector of Manhattan. Continued research and professional consultation are advisable for anyone considering a transaction related to properties located along this stretch of Riverside Drive. The evolving landscape of the local real estate market mandates ongoing due diligence.
