Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $400,000

· Closed February 18, 2022

516 E 78TH Street #6P
Closed For Sale Co-op

$400,000

516 E 78TH Street #6P

Upper East Side, Manhattan

MLS® #RLS10892489

RLS at REBNY

Listing by Serhant

1

Bedroom

1

Bath

N/A

Sq. Ft.

1905

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Lot Size 22,987 sq ft
Year Built 1905
Ownership Co-op
Maintenance $1,050/mo
Neighborhood Upper East Side
Floor 6 of 6

Property Highlights

  • Views: River
  • Exposure: North,South facing
  • Outdoor Space: Balcony

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Floor 6 of 6
View River
Exposure North,South
Pets Yes
Year Built 1905
Architectural Style Prewar
Lot Size 22,987 sq ft
Parcel # 1489-0037-00516-000-000006P

Listing History

Event Date Price Change
Listed Nov 5, 2021 $449,000 -
Price Reduced Feb 18, 2022 $425,000 -5.3%
Currently May 14, 2026 $400,000 -5.9%

Description

An elegant Upper East Side apartment perched on the top floor of a landmarked Beaux-Arts co-op, this sun-splashed 1-bedroom, 1-bathroom home is a rare opportunity for investors and fixer-uppers alike. New oversized floor-to-ceiling Georgian windows, beautifully stained original parquet floors, and two private balconies are thoughtful details that provide the perfect base for any design style. The home includes double exposure, airy 9-ft ceilings, a Juliet balcony facing a quiet courtyard, and a private balcony with views of John Jay Park and the East River. Past a tasteful entryway adorned with a coat closet and full bathroom, the home flows into a spacious living and dining room saturated with natural light. The galley-style kitchen is equipped with updated stainless-steel appliances and large cabinets, and the windowed bathroom has convenient built-in storage and clean white tiles. The bedroom has its own closet and private balcony. An additional storage closet in the living room completes the home. The Cherokee is a beautiful Beaux Arts landmark situated in a quiet residential enclave on the Upper East Side. The area exudes old world charm and is infused with an elegant European ambiance. Plenty of restaurants, bars, cafes, and shops are within walking distance, and the 6-subway line is 6 blocks away. Residents of the building enjoy a landscaped courtyard, a live-in super, bicycle and package rooms, central storage, and a brand-new laundry room. The Cherokee allow pieds-a-terre, investors, parents buying for children, co-purchasing, and has a liberal sublet policy. Great as permanent residence, pied-a-terre, or investment property. Pets are welcome.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed Common Area

Exterior Features

Building Courtyard Balcony Courtyard Balcony

Building Information

Building Data View Compliance & Permits
Total Units 384
Stories 6
Style Prewar

Financial Details

Maintenance $1,050/mo
Original Price $449,000
Sale Price $400,000
Previous Price $425,000

The Upper East Side remains the gold standard for classic New York elegance. Known for 'Museum Mile' and its low-traffic, tree-lined streets, the neighborhood offers a refined lifestyle away from the midtown bustle. While famous for its historic cooperatives, the area has seen a recent surge in ultra-luxury new construction condos, particularly along the Second Avenue Subway corridor, making it a top choice for both traditionalists and modern buyers.

Upper East Side Live Market Data

View Neighborhood

Active Listings

341

Median Asking Price

$1.67M

Median $/Sqft

$1,498

Avg Days on Market

N/A

New This Week

20

Price Reduced

28%

Sold (30 Days)

41

Median Sale Price

$1.59M

Live data from RLS at REBNY • Updated 5/14/26, 8:02 AM EST

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Location

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516 E 78TH Street #6P, Upper East Side, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1925
Year Built
101 years old
2
Floors
2
Residential Units
R6B
Zoning District
Two Family Dwellings

Tax & Assessment

Assessed Value: $85,920
Land Value: $12,420
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 1,592 SF
Building Area: 2,360 SF
Built FAR: 1.48
Allowed FAR: 2

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed monthly maintenance are $1,050 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 1 bedroom and 1 full bathroom.

According to MLS records, the building was constructed in 1905, making it approximately 121 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10892489
First Listed: 11/5/2021
Price Changed: 2/18/2022
Closed: 2/18/2022
Contract Date: 11/5/2021

Listing Courtesy of Serhant - Elizabeth Scandiffio

Listing Contact: (973) 204-3577

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/14/2026 at 12:02 PM UTC

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