---
title: "408 East 79th Street #PHA, New York City, NY 10075"
description: "408 East 79th Street #PHA, New York City, NY 10075 — Upper East Side, New York City, NY. Listing Price $5,995,000. In contract 5/24/2024. 4 bed, 4 bath, 3,560 sqft Illustrative Buyer Commission Share of $89,925 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10075/408-east-79th-street-pha-PHA-ny-10075"
source: "Real Estate Rebate Team"
status: "Pending"
---

# 408 East 79th Street #PHA, New York City, NY 10075

Upper East Side, New York City, NY

Courtesy of Compass

## At a Glance

- **Listing Price**: $5,995,000
- **Status**: In contract 5/24/2024
  In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion.
- **Beds**: 4
- **Total Baths**: 4
- **Sqft**: 3,560
- **Common Charges**: $6,430 / mo
- **Monthly Taxes**: $4,709 / mo
- **Price per Sqft**: $1,684
- **Brokerage Fee**: Share Eligible

## The Private Brokerage Advantage

As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction.

- **Contract Purchase Price**: $5,995,000
- **Illustrative Buyer Commission Share**: -$89,925*
- **Illustrative Net Cost**: $5,905,075

*Illustrative Buyer Savings of $89,925 — 50% of a 3% buyer-broker commission, shared at closing.*

[Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)

## Photos (10)

![408 East 79th Street #PHA, New York City, NY 10075 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/99c8ecc2-60a7-4688-a043-362abf8839d0.jpg)
![408 East 79th Street #PHA, New York City, NY 10075 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/acc68831-bc6a-4dc4-bab8-a8f5261cff58.jpg)
![408 East 79th Street #PHA, New York City, NY 10075 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ed0a115a-b375-4dbc-b187-7df6b453a235.jpg)
![408 East 79th Street #PHA, New York City, NY 10075 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b031c0aa-d699-4ccf-b811-88455496c6f9.jpg)
![408 East 79th Street #PHA, New York City, NY 10075 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/50e1fc7a-7fa0-46c3-9ca7-698d6709ed48.jpg)
![408 East 79th Street #PHA, New York City, NY 10075 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3d6ca30e-3e87-4a6b-90a3-051e12c91d7a.jpg)
![408 East 79th Street #PHA, New York City, NY 10075 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ff6015b0-f654-4251-a505-c4a0fbe09be1.jpg)
![408 East 79th Street #PHA, New York City, NY 10075 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/01745f60-1faf-4de5-acbf-6448fc60b38b.jpg)
![408 East 79th Street #PHA, New York City, NY 10075 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9133f0f6-6fee-44b6-8998-5f25bddc3821.jpg)
![408 East 79th Street #PHA, New York City, NY 10075 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a86ffe57-9c10-4ef7-bfe5-4c8fedbaa7a2.jpg)

## Property Overview

Sometimes a home comes to market that photographs and descriptions simply do not do it justice… this is that home!

Soaring above the Upper East Side this massive and mint condition 3,500 square foot 4 bed with an extra 1,000 square feet of private roof deck space was masterfully reimagined by AD featured designer Devin Hines from Hines Collective.

Made for city living, this home seamlessly blends modernity, warmth and a light-filled tone while emanating quiet luxury at sub $2k/sqft.

The various living areas of the apartment are arranged for gracious and convivial entertaining, with one space flowing into the other through elements such as a stunning two-sided absolute black granite fireplace connecting the living room and library, and a large marble screen that allows natural light and sight lines to flow from the living room to the dining room in the center of the apartment. Tucked away for privacy, the jewel box powder room shines with hand-embroidered and painted silk wallcoverings from Fromental, a hammered copper sink, and “Tundra Gray” marble countertop.

Meanwhile, the chef’s kitchen offers custom hand-raked oak cabinetry and “Organic White” quartz countertops. The serene space is well appointed with appliances from Miele, Wolf, and Gaggenau, including a full-size wine fridge, and connects to the dining room via a wet bar nook.

Above, the residence’s private rooftop terrace is a rare and glorious escape offering panoramic vistas of the New York Skyline. Equipped with a summer kitchen, including a gas grill, refrigerator and freezer making it easy to comfortably host 70 guests, yet be an ideal respite for one.

The home offers four bedrooms with en suite bathrooms, three of which are on the lower level. The vast primary suite occupies a full half floor and is one of the finest in the city. It comes complete with a luxurious dressing room and custom closet cabinetry to showcase a collection of the finest clothes, purses and shoes from Ateliers from around the world. Meanwhile the luxurious bathroom is highlighted by a massive six-foot by six-foot shower with a showstopping backlit onyx feature wall that is breathtaking beyond imagination. The spacious bedroom is large enough for multiple seating areas and with exposure in two directions, offers captivating city views.

Situated perfectly on this floor between the 3 bedrooms is an in-unit laundry room with sink and a surprise of incredibly rare Hermes fabric wallcoverings! This unit also comes with 3 storage units.

Located in one of renowned architect Costas Kondylis’s signature condominiums the building features a full-time doorman, a state of the art fitness center, party room with full kitchen, kids playroom, library, bike storage, and screening room. Centrally located in the East 70’s and across the street from all the wonders of Agata and Valentina, this home is close to a plethora of exquisite destinations for dining and drinks, such as The Penrose, Anita La Mamma del Gelato, and the Gracie Mews Diner to name a few as well as elite private schools, parks, museums and galleries.

Simply the best penthouse on the Upper East Side for the price, this home must be seen to truly understand how special and rare it is! Taxes with STAR abatement reduced to $3,885/mo.

## Property Details

- **Property Type**: Condominium
- **Beds**: 4
- **Total Baths**: 4
- **Rooms**: 10
- **Sqft**: 3,560 sqft
- **Stories**: 20
- **Year Built**: 2004
- **Price per Sqft**: $1,684
- **Common Charges**: $6,430 / Monthly
- **Monthly Taxes**: $4,709 / mo
- **Listed On**: Apr 3, 2024
- **Days on Market**: 897 Days

### Residence Features

- Central Air
- Central
- Common On Floor
- In Unit
- See Remarks
- Barbecue
- Wet Bar
- Built-in Features
- Double Vanity
- High Ceilings
- Kitchen Island
- Recessed Lighting
- Bar
- Walk-In Closet(s)
- Dishwasher
- Gas Cooktop
- Gas Oven
- Range Hood
- Wine Cooler
- Washer
- Hardwood
- Double Pane Windows
- River

## Estimated Monthly Payment

**$41,453 / month**, assuming a 20% down payment ($1,199,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $30,314
- **Property Taxes**: $4,709
- **Common Charges**: $6,430

Estimates only. Actual payments may vary. Confirm terms with your lender.

## Sales and market data

### How this price compares

- **This home**: $5,995,000
- **Median sold price**: $6,586,419
- **Difference**: -$591,419 (-9%)
- **This home, $/ft²**: $1,684
- **Median $/ft²**: $2,409
- **Comparable sales**: 30
- **Sales from**: September 2024 – July 2026
- **Middle half of those sales**: $5,984,147 – $8,900,228

Based on condo four-bedroom sales in Upper East Side.

This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Upper East Side instead.

### How these sales were negotiated

- **Sale-to-list price**: 101.3% (28 sales)
- **Sold below asking**: 43% (28 sales)
- **Typical time to find a buyer**: 177 days (27 sales)
- **Typical time to close**: 98 days (20 sales)

Based on condo four-bedroom sales in Upper East Side with the required listing and closing data. Sample sizes vary by metric.

These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure.

### Price trend

Median sale price, condo and house four-bedroom sales in Upper East Side

| Year | Median sold price | Sales |
| --- | --- | --- |
| 2017 | $7,785,642 | 28 |
| 2019 | $5,168,750 | 16 |
| 2021 | $5,350,000 | 19 |
| 2022 | $10,451,714 | 19 |
| 2023 | $8,268,075 | 19 |
| 2025 | $6,964,472 | 13 |
| 2026 YTD | $6,451,650 | 18 |

Based on recorded condo and house four-bedroom sales in Upper East Side. 2026 is year-to-date.

Sales data through July 2026.

Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for.

## Price and Property History for 408 East 79th Street, Unit PHA

Review the recorded listing activity for 408 East 79th Street, Unit PHA, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $1,000,000, or 14.3%, on May 1, 2024
- **Originally listed**: April 3, 2024 at $6,995,000
- **Entered contract**: May 24, 2024

| Date | Price | Listing event |
| --- | --- | --- |
| May 24, 2024 | $5,995,000 | Entered contract |
| May 1, 2024 | $5,995,000 | Asking price reduced by $1,000,000, or 14.3% |
| April 3, 2024 | $6,995,000 | Listed for sale by Compass |

## Potential NYC Second-Home Tax

This property may be subject to New York City’s non-primary residence surcharge if it is not used as a qualifying primary residence. The surcharge is based on the NYC Department of Finance market value, not the listing price.

[Estimate the Potential Surcharge](https://realestaterebatesnewyork.com/calculators/nyc-second-home-tax-calculator)

## Upper East Side

Overview of Upper East Side

[Explore Upper East Side](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/upper-east-side) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

### Nearby Upper East Side

- [Central Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/central-park)
- [Roosevelt Island real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/roosevelt-island)
- [Upper West Side real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/upper-west-side)
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- [Theater District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/theater-district)
- [East Harlem real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-harlem)

## Related Links

- [Upper East Side neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/upper-east-side)
- [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

---

> RLS IDX Data display by Real Estate Rebate Team. This 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

> All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.