Transparent pricing, for your benefit.

The cost of your home should be exciting, not a source of anxiety.

As NYC’s only Life Plan Community, River’s Edge puts the resident first. Always. That means predictable pricing and financial security, for the rest of your life. Backed by same non-profit foundation as RiverSpring Living and the award-winning Hebrew Home at Riverdale.

And with the Life Care model, you always know where your money is going, letting you avoid sudden care costs if you should ever need additional support.

How much does a
Life Plan Community Cost in NYC?

Our Life Care Fee Model is designed for clarity, not surprises.

Costs are separated into two parts: the one-time entry fee and the monthly fee. Our entry fees start at $926,023, while our monthly service fees start at $6,453*. Your precise out-of-pocket payment will be determined by the specifics of your contract.

*Entrance Fees vary based on apartment size, view and floor. Initial Monthly Fee based on projected opening date. Prices subject to change. Pricing as of 11/15/2026.

Plan for the future, Today.

Life at River’s Edge begins with a one-time entrance fee, followed by a predictable, all-inclusive monthly fee. It’s a simple structure built around a simple idea: you shouldn’t have to guess what tomorrow costs.

Predictable, comprehensive fees.

Your one-time entry fee ensures lifetime access to River’s Edge. Your monthly fee covers the day-to-day experience: your home, amenities, services, and any care needs.

Additional care doesn’t mean additional cost.

Life changes. Your monthly fee doesn’t have to. No sudden charges. No new bills to brace for. Just one stable cost, with care that adapts to you.

Extra support, right in your backyard.

If you should ever need it, Assisted Living, Memory Care and Skilled Nursing are provided just steps away at RiverSpring Living and the Hebrew Home at Riverdale. For couples, this means always staying together, even if one person requires more support.

Frequently asked questions.

For the most part, no. Medicare does not cover long-term Assisted Living or Memory Care. Coverage for skilled nursing is limited to a short-term stay, and only after a doctor determines the care is medically necessary following an inpatient hospital stay of at least three consecutive days.

Understanding where Medicare’s coverage ends is what makes a Life Plan’s predictability so valuable. It’s built to stand on its own, regardless of what Medicare does or doesn’t cover.

Refund options are directly built into select plans. Depending on the contract you choose, you may be eligible for a refund of your entrance fee under certain terms. Our team will walk through exactly what applies to your situation, including any percentages, once your contract details are finalized.

In some cases, a portion of your entrance fee and monthly fee may be treated as a deductible medical expense. Because every situation is different, we recommend speaking with a tax professional who can look at your specific circumstances rather than relying on a general answer.

No one can predict the future, but a good plan accounts for it. If your financial circumstances change over time, River’s Edge is committed to working with you to understand your options.

We can’t promise a specific outcome for every circumstance, but we can promise a conversation, and a plan shaped around your situation rather than a one-size-fits-all policy.

Aerial view of landscaped riverside grounds

A nonprofit committed to Your wellbeing.

River’s Edge is backed by RiverSpring Living, a nonprofit organization with more than a century of experience serving older New Yorkers. As a nonprofit, funds are reinvested into the organization and the people it serves, rather than external shareholders or investors. It’s a structure built around one priority: you.

That distinction matters more than it might seem. Decisions here are shaped by the mission of caring for residents, not by pressure to deliver returns to owners. It’s a difference you can sense in the little things. The genuine smile when a team member greets you. The extra hint of flavor in your favorite meal. The excess of clean towels by the pool.

We go above and beyond because putting you first is a defining part of our mission.

Still looking for Answers?

Every family’s situation is different. We want to take the time to understand yours. Visit us and talk it through face-to-face. We’re here to make the financial picture clear, so you can focus on your worry-free future.

Schedule a visit