---
title: "516 East 78th Street #1N, New York City, NY 10075"
description: "516 East 78th Street #1N, New York City, NY 10075 — Upper East Side, New York City, NY. Listing Price $615,000. 1 bed, 1 bath Illustrative Buyer Commission Share of $9,225 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10075/516-east-78th-street-1n-ny-10075"
source: "Real Estate Rebate Team"
dateModified: "2026-10-01T21:54:45.641Z"
status: "Active"
---

# 516 East 78th Street #1N, New York City, NY 10075

Upper East Side, New York City, NY

Courtesy of Sothebys International Realty

Last updated: October 1, 2026, 5:54 PM

## At a Glance

- **Listing Price**: $615,000
- **Beds**: 1
- **Baths**: 1
- **Common Charges**: $1,880 / mo
- **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**: $615,000
- **Illustrative Buyer Commission Share**: -$9,225*
- **Illustrative Net Cost**: $605,775

*Illustrative Buyer Savings of $9,225 — 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)

![516 East 78th Street #1N, New York City, NY 10075 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/03c3c565-f123-4b13-9531-76894ec9d260.jpg)
![516 East 78th Street #1N, New York City, NY 10075 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c6b77697-223c-44ad-ab1f-113298781ab3.jpg)
![516 East 78th Street #1N, New York City, NY 10075 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/aa533ef0-651c-41e0-ba8b-0a936990fe5c.jpg)
![516 East 78th Street #1N, New York City, NY 10075 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/624aa2a6-9146-4e3b-b670-0e13968f7ea9.jpg)
![516 East 78th Street #1N, New York City, NY 10075 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/01105493-9f38-42ff-a75e-e11b3eef5e14.jpg)
![516 East 78th Street #1N, New York City, NY 10075 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/073007be-59d2-4de2-9a94-731a7de53540.jpg)
![516 East 78th Street #1N, New York City, NY 10075 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c6b9ce7b-27b1-44fe-8b4b-30fb1dba657c.jpg)
![516 East 78th Street #1N, New York City, NY 10075 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a6148e24-e280-4856-80f4-01f3b8275e7c.jpg)
![516 East 78th Street #1N, New York City, NY 10075 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/622e8e2c-4ab8-48b4-8e0d-d5f962e0a830.jpg)
![516 East 78th Street #1N, New York City, NY 10075 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c3b3348c-bbc0-49ed-b18a-ed991bc5684f.jpg)

## Property Overview

Rich architectural history meets prewar elegance in this beautiful, sunlight-bathed one-bedroom apartment. Set on the elevated first floor of The Cherokee, a distinguished Beaux-Arts landmark co-op on the Upper East Side, this corner unit faces John Jay Park and enjoys northeastern exposure. Soaring ceilings and warm hardwood floors complement expansive floor-to-ceiling triple-hung windows opening onto five Juliet balconies that wrap around the apartment. Reflecting the building’s original emphasis on light and fresh air, these distinctive architectural details create an airy, inviting home with timeless appeal.

An inviting foyer provides access to the classic tiled bathroom with tasteful finishes before opening into an airy living and dining area, a welcoming setting for quiet evenings and intimate gatherings. With its open layout, this space offers a beautiful canvas for your personal style. Just off the living room, a generous corner bedroom provides a restful retreat with the timeless charm that defines the residence. Appointed with stainless steel appliances, the kitchen offers a cozy yet thoughtfully arranged culinary space, balancing everyday function with polished style. Furnished images are virtually staged.

Designed by renowned architect Henry Atterbury Smith, The Cherokee is celebrated for its grand arched entrances, beautifully maintained landscaped courtyards and historic character. The cooperative offers exceptional flexibility, permitting pied-à-terre ownership, co-purchasing, guarantors, gifting, parents purchasing for children and subletting, subject to board approval. Pets are welcome. Residents enjoy a live-in superintendent, video intercom, bicycle room, central storage and laundry facilities. In-unit washers and dryers are also permitted. Finally, the Cherokee's monthly maintenance includes all utilities - gas, electricity, heat and hot water - for shareholders' convenience.

The Cherokee is a peaceful retreat between York Avenue and the East River, offering a relaxed lifestyle without sacrificing the energy of the city. John Jay Park is at your doorstep, with a playground, tennis, pickleball, basketball, and handball courts, as well as summer movie nights. Its seasonal outdoor pool offers lap swimming and free-swimming lessons for children. Just beyond, the East River Esplanade is ideal for biking, running, and waterfront strolls. Carl Schurz Park, approximately a ten-minute walk away, offers additional recreational amenities as well as both large and small dog runs. The building is also close to some of Manhattan’s most sought-after schools. The Webster Public Library and its Book Cellar used bookstore are steps away, along with the U.S. Post Office, delis, dry cleaners, and nail salons. Nearby dining options include pizza, Chinese, sushi, Italian, and French cuisine, with neighborhood shopping close at hand. Lastly, transportation is excellent: the 6 train at 77th Street and the Q train at 72nd Street are nearby, making it easy to get around the city.

## Property Details

- **Property Type**: Co-op
- **Beds**: 1
- **Baths**: 1
- **Rooms**: 3
- **Stories**: 6
- **Year Built**: 1910
- **Common Charges**: $1,880 / Monthly
- **Listed On**: Oct 1, 2026
- **Days on Market**: 1 Days

### Residence Features

- Building Washer Dryer Install Allowed
- Common On Floor
- Common Area
- Laundry Room
- Building Garden
- Dishwasher

## Estimated Monthly Payment

**$4,990 / month**, assuming a 20% down payment ($123,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $3,110
- **Common Charges**: $1,880

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

## Sales and market data

### Recent sales

25 apartments at 516 East 78th Street have recorded sales since October 2021, the most recent for $499,999 in May 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sold Price | Sold | Source |
| --- | --- | --- | --- | --- |
| 3O (Apartment) | 1 | $499,999 | May 21, 2026 | City record · MLS |
| 3N (Apartment) | — | $600,000 | March 17, 2026 | City record |
| 2J (Apartment) | 2 | $600,000 | March 5, 2025 | City record · MLS |
| 4K (Apartment) | — | $345,000 | February 20, 2025 | City record |
| 5B (Apartment) | — | $575,000 | January 21, 2025 | City record |
| 2K (Apartment) | 1 | $465,000 | December 20, 2024 | City record · MLS |
| 5J (Apartment) | 1 | $594,000 | December 13, 2024 | City record · MLS |
| 3A (Apartment) | 1 | $355,000 | November 13, 2024 | City record · MLS |
| 5P (Apartment) | — | $417,937 | August 13, 2024 | City record |
| 5I (Apartment) | — | $360,000 | November 1, 2023 | City record |
| 5E (Apartment) | — | $395,000 | September 7, 2023 | City record |
| 1-H (Apartment) | 1 | $425,000 | July 13, 2023 | City record · MLS |
| 6E (Apartment) | — | $330,000 | March 6, 2023 | City record |
| 3J (Apartment) | 1 | $530,000 | February 7, 2023 | City record · MLS |
| 5C (Apartment) | Studio | $425,000 | January 11, 2023 | City record · MLS |
| 4A (Apartment) | Studio | $315,000 | November 9, 2022 | City record · MLS |
| 6M (Apartment) | — | $345,000 | September 21, 2022 | City record |
| 5F (Apartment) | — | $513,000 | May 24, 2022 | City record |
| 3O (Apartment) | 1 | $475,000 | May 3, 2022 | City record · MLS |
| 3B (Apartment) | — | $585,000 | April 6, 2022 | City record |
| 1-H (Apartment) | — | $430,000 | April 4, 2022 | City record |
| 2P (Apartment) | — | $475,000 | February 28, 2022 | City record |
| 6P (Apartment) | 1 | $400,000 | February 17, 2022 | City record · MLS |
| 4-B (Apartment) | 1 | $595,000 | December 21, 2021 | City record · MLS |
| 4I (Apartment) | — | $440,000 | October 21, 2021 | City record |

Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below.

### How this price compares

- **This home**: $615,000
- **Median sold price**: $475,000
- **Difference**: +$140,000 (+29.5%)
- **Comparable sales**: 9
- **Sales from**: December 2021 – May 2026
- **Middle half of those sales**: $425,000 – $530,000

Based on one-bedroom sales at 516 East 78th Street.

Square footage is recorded for only 0 of these 9 sales (0%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest.

### How these sales were negotiated

- **Sale-to-list price**: 97.6% (7 sales)
- **Sold below asking**: 71% (7 sales)
- **Typical time to find a buyer**: 42 days (8 sales)
- **Typical time to close**: 54 days (8 sales)

Based on one-bedroom sales at 516 East 78th Street 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, co-op one-bedroom sales in Upper East Side

| Year | Median sold price | Sales |
| --- | --- | --- |
| 2016 | $699,000 | 11 |
| 2017 | $678,176 | 106 |
| 2018 | $690,000 | 101 |
| 2019 | $675,000 | 77 |
| 2020 | $630,000 | 55 |
| 2021 | $650,000 | 144 |
| 2022 | $653,750 | 128 |
| 2023 | $649,500 | 100 |
| 2024 | $671,250 | 106 |
| 2025 | $654,000 | 97 |
| 2026 YTD | $652,500 | 54 |

Based on recorded co-op one-bedroom sales in Upper East Side. 2026 is year-to-date.

Sales data through May 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.

[See every recorded sale at 516 East 78th Street](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/516-east-78th-street)

## Price and Property History for 516 East 78th Street, Unit 1N

Review the recorded listing activity for 516 East 78th Street, Unit 1N, including asking-price changes and prior market dates.

- **Last sold (recorded)**: $555,000 on February 16, 2017

| Date | Price | Listing event |
| --- | --- | --- |
| October 1, 2026 | $615,000 | Listed for sale by Sothebys International Realty |
| February 16, 2017 | $555,000 | Sold — recorded sale price |
| October 17, 2016 | $555,000 | Entered contract |
| March 23, 2016 | $555,000 | Listed for sale by R New York |

## Property Taxes

This apartment is part of a co-op that is taxed as one lot shared across 384 apartments. The corporation’s 2026 property tax bill was $1,813,078 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit.

[See the full property tax history for 516 East 78th Street](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/516-east-78th-street)

[How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology)

## About The Building

### 516 East 78th Street

Upper East Side · Stock Cooperative

516 East 78th Street, New York, NY 10075

A building in Upper East Side, currently featuring 3 active listings.

- **Year Built**: 1911
- **Active Units**: 3
- **Floors**: 6

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/516-east-78th-street)

### Available Residences — For Sale (3)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [1N](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10075/516-east-78th-street-1n-ny-10075) | 1 | 1 | — | — | $615,000 | Sothebys International Realty | Oct 1, 2026 | 1 days |
| [4C](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10075/516-east-78th-street-c-4C-ny-10075) | 2 | 1 | — | — | $525,000 | Serhant | May 22, 2026 | 133 days |
| [3EF](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10075/516-east-78th-street-3ef-ny-10075) | 3 | 2 | — | — | $1,295,000 | Compass | Sep 8, 2026 | 24 days |

## 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)

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- [East Harlem real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-harlem)

## Related Links

- [516 East 78th Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/516-east-78th-street)
- [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.