Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $425,000

· Closed January 11, 2023

516 E 78TH Street #5C
Closed For Sale Co-op

$425,000

516 E 78TH Street #5C

Upper East Side, Manhattan

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MLS® #RLS10819801

RLS at REBNY

Listing by Corcoran Group

Studio

1

Bath

N/A

Sq. Ft.

1911

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Year Built 1911
Ownership Co-op
Maintenance $1,122/mo
Neighborhood Upper East Side
Floor 5 of 6

Property Highlights

  • Exposure: North facing
  • Style: Prewar architecture
  • Character: Pre-war building (1911)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 2
Baths 1 Full
Floor 5 of 6
Exposure North
Pets Yes
Cross Street YORK AVENUE and CHEROKEE PLACE
Year Built 1911
Architectural Style Prewar
Parcel # 1489-0037-00516-000-000005C

Listing History

Event Date Price Change
Listed Aug 24, 2022 $469,000 -
Price Reduced Jan 12, 2023 $448,000 -4.5%
Currently May 4, 2026 $425,000 -5.1%

Description

BRAND NEW TO MARKET.Move right into this freshly painted, beautiful sun-filled converted 2 bedroom. Located in the magnificent Cherokee building - A glorious pre-war Beaux Arts landmark building on the Upper East Side. This gorgeous building exudes old world charm and is infused with an elegant European Ambiance. Perched on the fifth floor (non-elevator) this lovely home boasts, large oversized Floor-to-Ceiling Windows along with two magnificent balconies overlooking John Jay Park and the East River. Enjoy the trees the breeze and your beautiful balconies whilst sipping on a luscious latte and escape the stresses of the day. Great for investors as a rental income, or as your perfect Upper East Side Home. The building allows immediate Sublets AND the LOW MAINTENANCE INCLUDES UTILITIES: Gas & Electric, Heat & Hot Water.The Cherokee features a live-in super, video intercom system, overnight doorman, bicycle room, central storage room, a landscaped courtyard, and a new laundry room. Utilities: gas & electric, are included in the maintenance! Pied a terres, Investors, Parents buying for Children, co-purchasers and guarantors are all permitted. Pets are most welcome!! Steps away from John Jay Park and the East River promenade makes this apartment a must have. Investment friendly.The Upper East Side has a burgeoning restaurant scene with numerous dining options ranging from Quality Eats, Uva wine bar, Penrose and newcomers Thep and Mission Ceviche which are really thriving. Boutique gourmet food store options include Citarella, Agata & Valentina and the newly renovated Gracie's that added a wine bar. On a larger scale, Whole Foods and Fairway are only blocks away. Orwasher's Bakery (voted the #1 baguette by Time Out NY) is just around the corner and has been baking the classic black-and-white cookie since 1916 - soft and pillowy with a touch of lemon zest! But our all-time favourite is the scrumptious Cacio and Pepe, an authentic Italian restaurant serving the most mouthwatering dishes. Welcome home!

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Appliances

Washer Dryer Allowed

Building Information

Building null
Building Data View Compliance & Permits
Total Units 192
Stories 6
Style Prewar

Financial Details

Maintenance $1,122/mo
Original Price $469,000
Sale Price $425,000
Previous Price $448,000

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

338

Median Asking Price

$1.75M

Median $/Sqft

$1,536

Avg Days on Market

N/A

New This Week

22

Price Reduced

28%

Sold (30 Days)

36

Median Sale Price

$1.53M

Live data from RLS at REBNY • Updated 5/3/26, 10:20 PM EST

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Location

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516 E 78TH Street #5C, Upper East Side, New York County • Near YORK AVENUE and CHEROKEE PLACE

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 $1,122 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 0 bedrooms and 1 full bathroom.

According to MLS records, the building was constructed in 1911, making it approximately 115 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: RLS10819801
First Listed: 8/24/2022
Price Changed: 1/12/2023
Closed: 1/11/2023
Contract Date: 8/24/2022

Listing Courtesy of Corcoran Group - Alaina Bolton

Listing Contact: (303) 990-0533

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 5/4/2026 at 2:20 AM UTC

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