Exclusive: 41 River Terrace to be sold for condos

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41_River_Residential_2.jpg.617x411_q85_autocrop_crop-smartMarch 12, 2014- By Steven E. Greer

BatteryPark.TV has exclusively learned that 41 River Terrace (by Stuyvesant High School on Chambers Street) is now up for sale, to be converted to condos from rental. Recall, the nearby 22 River Terrace has just undergone this process.

Battery Park City is rapidly becoming an ownership community rather than a transient rental community.

41_River_Residential_4_.jpg.617x411_q85_autocrop_crop-smart

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3 Responses to Exclusive: 41 River Terrace to be sold for condos

  1. Linda L. Sousa says:

    What are 3 bedroom condos going for at 41 River Terrace?

  2. Tom Goodkind says:

    Thanks for the update.

    One observation:
    You write: “Battery Park City is rapidly becoming an ownership community rather than a transient rental community.”

    That is true only if the new unit owners live there. Sometimes unit owners are investors who then rent their units. These units are not stabilized for renters as many of the rental buildings in our area are.

    There are many Battery Park City rentals under stabilization – allowing renters more reasonable lease increases therefore allowing them to stay in the community (less “transient”).

    For a 2012 (currently being updated) list of stabilized rental units in our area see:

    https://www.nyc.gov/html/mancb1/downloads/pdf/About_District/Stabilization_Guide_FINAL%202012.pdf

  3. Editor says:

    Thank Tom

    This is a useful link

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