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About This Home

This 2-bedroom, 1-bathroom single family at 516 E 78TH Street in New York (Manhattan), NY is listed for $525,000. Built in 1912, on a N/A lot.

Agent Description

Set within one of the Upper East Side's most architecturally distinctive landmark buildings, this bright 2-bedroom, 2 private outdoor spaces residence at The Cherokee offers an exceptional opportunity for first-time buyers, professionals, investors, and pied-a-terre seekers alike.

Monthly maintenance is just $1,376 - an exceptionally low figure that already includes gas and electricity, making this an outstanding value in today's market. Bathed in natural light, the apartment features dramatic floor-to-ceiling windows, rich hardwood floors, and original details that speak to the building's storied 1909 Beaux-Arts heritage.

Both bedrooms enjoy generous light and each opens onto its own private balcony - a rare double feature in this price range. The kitchen is functional with gas range and ample cabinetry. Freshly painted and move-in ready. Located directly across from John Jay Park and the East River Esplanade in Lenox Hill, The Cherokee is a landmark building comprised of four elegant courtyard buildings with richly detailed architecture.

The building is extremely well-managed with strong financials, a live-in superintendent, attentive staff, central laundry, bike storage, and a package room. Investor-friendly: the apartment can be rented from day one of ownership. The building also welcomes parents purchasing for children, co-purchasing, guarantors, and pied-a-terres, with a flexible sublet policy.

Pet-friendly. Superb transportation access with the 4/5/6 express trains at 77th Street and the Q train at 72nd Street just moments away. Contact us today to schedule a private showing.

Key Features

  • Built in 1912
  • 6 stories

Property Details

6 stories
1 full
#4C
1912

Amenities

View

Monthly Cost Estimate

$4,184/mo

20% down · 6.5% · 30 years

Principal$380
Interest$2,275
Insurance$153
HOA$1,376

Estimates only. Actual payments may vary.

Location

516 E 78TH Street

New York (Manhattan), NY 10075

Lenox Hill

Property Details

Views

RiverCity

Questions & Answers

This 2-bedroom, 1-bathroom single family at 516 E 78TH Street is listed at $525,000. The estimated monthly payment is $3,651 based on 20% down at 6.5% interest.

HOA fees are $1376/month.

Key features include: Built in 1912, 6 stories.

This property is listed by Ryan Serhant and can be reached at 6464807665 or licenses@serhant.com.

RS

Ryan Serhant

Agent at Serhant LLC

(646) 480-7665

Listed by Serhant LLC · View on Broker Site

MLS# 1003596· Source: listhub· Updated 10 days ago

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516 E 78TH Street, New York (Manhattan), NY 10075

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