On the Market

This $7 Million Mansion Could Set a New York City Real Estate Record

It could be the most expensive sale one borough has ever seen
Facade of a brick neogeorgian mansion
The home is located in The Bronx.Photo: Russ Ross Photography, Inc.

A New York City mansion has just listed with an asking price poised to break records in the Big Apple. Located in the Bronx’s Riverdale neighborhood, the abode could be the most expensive home ever sold in the borough if it gets its asking price of $7 million, reports the New York Post. “Impeccably designed and thoughtfully appointed, this residence redefines luxury living in the prestigious Fieldston section of Riverdale,” reads the listing, which is held by Jermaine Davis, Chris Cavorti, Andrea Wintergerst, Evan F. Church, and Marvin Z Chu of The Corcoran Group. 

According to the listing, the stairs in the entry hall were inspired by those in Michelangelo’s Laurentian Library. 

Photo: Russ Ross Photography, Inc.

The home, located at 5020 Grosvenor Ave, is one of 15 mansions situated within Villanova Heights, a privately owned, affluent neighborhood near Van Cortland Park. Properties in the enclave include five estates designed by AD100 Hall of Fame member Robert A.M. Stern. According to the Villanova Heights website, each house is designed in a traditional architectural styles such as Shingle style or Dutch colonial and are valued at upwards of $7 million. 

The kitchen is complete with modern appliances and ample storage space. 

Photo: Russ Ross Photography, Inc.

The primary suite includes a private deck and sitting room. 

Photo: Russ Ross Photography, Inc.

Spanning 10,000 square feet, 5020 Grosvenor Ave is one of the neo-Georgian contributions to the neighborhood. “5020 Grosvenor is truly a very special house. This mansion has the all the advantages of recent construction but the historic character, intricate detail, and fine finishes found in the grand estates of the past,” Davis, one of the listing agents, tells AD. With a symmetrical brick façade and colonnaded porch, the 2012 home represents a reinterpretation of stately properties built in the early 20th century throughout the United States. Inside, the property features an elevator, which services all floors, seven bedrooms, and seven and a half baths. Offering just under an acre of land, the manicured lawns include a raised patio and a pool.  

The in-ground pool is nestled within lush landscaping. 

Photo: Russ Ross Photography, Inc.

While a sprawling mansion may seem unusual for the area, there are a number of large-scale homes located in the city’s outer boroughs. Riverdale, in particular, has a large collection of stately residences as it was a popular location for affluent New Yorkers to build country homes in the early 19th century. Listing agents are marketing 5020 Grosvenor Ave as a fine balance between suburban and city life, situated in a quiet community less than a half hour away from Midtown Manhattan. “Near it all, but a world away, this area is great for those who want an easy commute to Manhattan, but also the privacy and space that comes with a suburban lifestyle,” Davis adds.