Create your dream home on one of Riverdale's most extraordinary remaining lots. Situated on approximately 32,450 square feet, 5505 Palisade Avenue (Lot #2) presents a rare opportunity to build a custom luxury residence overlooking the Hudson River. With unobstructed western views and breathtaking sunsets, this exceptional property offers an unparalleled setting that combines natural beauty, privacy, and convenience. Located in one of Riverdale's most prestigious neighborhoods, the property is just minutes from Metro-North, express buses, and major parkways, providing an easy commute to Manhattan while enjoying the tranquility of a private riverfront setting. Opportunities to build a new custom home with panoramic Hudson River views in New York City are exceedingly rare, making this a truly once-in-a-generation offering. Much of the development work has already been completed, significantly shortening the timeline to begin construction. The Site Plan review has been completed by all relevant New York City and New York State planning and environmental agencies, including Site Plan and SNAD approvals, as well as approved sewer connection and stormwater management plans. The approved Site Plan allows for the construction of a two-story residence with a basement ranging from approximately 2,000 to 6,200 square feet. The property can be delivered with preliminary conceptual plans for an approximately 6,000-square-foot luxury residence, including floor plans, elevations, and architectural renderings that showcase the remarkable potential of the site. Following closing, construction could begin within just a few months upon submission of final architectural and construction drawings to the New York City Department of Buildings. Whether you envision a striking contemporary masterpiece or a timeless custom home, this exceptional property offers the opportunity to create a legacy in one of New York City's most coveted residential neighborhoods. Please note that this offering is for the vacant lot only. All renderings, floor plans, and conceptual drawings are provided solely to illustrate the property's potential.