--- title: "516 East 78th Street #4D, New York City, NY 10075" description: "516 East 78th Street #4D, New York City, NY 10075 — Lenox Hill, New York City, NY. Listing Price $489,000. 2 bed, 1 bath Illustrative Buyer Commission Share of $7,335 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10075/516-east-78th-street-4d-ny-10075" source: "Real Estate Rebate Team" status: "Active" --- # 516 East 78th Street #4D, New York City, NY 10075 Lenox Hill, New York City, NY Courtesy of Douglas Elliman Real Estate ## At a Glance - **Listing Price**: $489,000 - **Beds**: 2 - **Baths**: 1 - **Common Charges**: $1,442 / 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**: $489,000 - **Illustrative Buyer Commission Share**: -$7,335* - **Illustrative Net Cost**: $481,665 *Illustrative Buyer Savings of $7,335 — 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 #4D, New York City, NY 10075 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4757705e-4288-4fa1-a475-ee076647877b.jpg) ![516 East 78th Street #4D, New York City, NY 10075 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b42115e1-d036-4eef-9922-c213acc960c0.jpg) ![516 East 78th Street #4D, New York City, NY 10075 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7b92fcfd-cb08-4097-9672-749db2cd7c4d.jpg) ![516 East 78th Street #4D, New York City, NY 10075 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/644897bb-65d9-4b0e-ace9-7e021376a671.jpg) ![516 East 78th Street #4D, New York City, NY 10075 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/18943185-1e75-4392-9a7e-0ff3b7ca28de.jpg) ![516 East 78th Street #4D, New York City, NY 10075 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ad11ed46-b29b-44a1-a30b-d9e20cddbbb6.jpg) ![516 East 78th Street #4D, New York City, NY 10075 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/256a5097-9ba8-4ab0-991d-1b340fb63846.jpg) ![516 East 78th Street #4D, New York City, NY 10075 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/af16c586-231a-4314-b40a-b5a36d8cf419.jpg) ![516 East 78th Street #4D, New York City, NY 10075 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5f34b20f-da75-4a10-aab8-91d6b0eb246b.jpg) ![516 East 78th Street #4D, New York City, NY 10075 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8be3b5e9-8d3b-472e-825b-d8429f1ec3ec.jpg) ## Property Overview RENOVATED PREWAR CHARM WITH PRIVATE TERRACE Welcome to Residence 4D at 516 East 78th Street, a beautifully renovated home 2 terraces, ideally located within The Cherokee, one of the Upper East Side's most iconic landmarked prewar cooperatives. Freshly painted and thoughtfully updated, this charming residence seamlessly blends classic prewar character with modern conveniences. The expanded kitchen has been renovated to offer generous counter space, abundant cabinetry, and a highly functional layout for everyday living and entertaining. Currently configured as a two-bedroom, the apartment can easily be reconfigured to an oversized one-bedroom with a spacious home office, providing flexibility to suit a variety of lifestyles. Both the living room and tranquil bedroom open directly onto private terraces-an uncommon and highly desirable outdoor retreat that's perfect for morning coffee, dining al fresco, or simply unwinding in the heart of the city. A washer and dryer are also included for added convenience. Designed by renowned architect Henry Atterbury Smith, The Cherokee is celebrated for its distinctive Beaux-Arts architecture, landscaped courtyards, and rich history. The cooperative offers exceptional flexibility, permitting pied-à-terre ownership, co-purchasing, guarantors, gifting, parents purchasing for children, and subletting. Pets are welcome. Residents enjoy a live-in superintendent, laundry facilities, package room, bike storage, additional storage, and beautifully maintained common courtyards. Perfectly positioned between York Avenue and the East River, the building is just moments from Carl Schurz Park, the East River Esplanade, neighborhood restaurants, shopping, and convenient transportation. Please note that Residence 4D is located on the fourth floor of a classic prewar walk-up, offering charm, privacy, and a rewarding lifestyle in one of the Upper East Side's most treasured cooperatives. A rare opportunity to own a renovated Upper East Side home with private outdoor space, timeless architectural character, and an exceptional location. ## Property Details - **Property Type**: Co-op - **Beds**: 2 - **Baths**: 1 - **Rooms**: 3 - **Stories**: 6 - **Year Built**: 1911 - **Common Charges**: $1,442 / Monthly - **Listed On**: Aug 4, 2026 - **Days on Market**: 42 Days ### Residence Features - Building In Basement - Building Courtyard ## Sales Evidence ### Recent closed sales 11 apartments at The Cherokee have recorded sales since September 2021, the most recent for $550,000 in June 2026. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sold Price | Sold | Source | | --- | --- | --- | --- | --- | | 1N (Apartment) | 1 | $550,000 | June 10, 2026 | City record · MLS | | 1M (Apartment) | 1 | $360,000 | April 29, 2026 | City record · MLS | | 2E (Apartment) | 1 | $360,000 | December 10, 2025 | City record · MLS | | 3P (Apartment) | — | $475,000 | December 4, 2024 | City record | | 2J (Apartment) | — | $535,000 | May 10, 2024 | City record | | 2G (Apartment) | 1 | $445,000 | April 12, 2024 | City record · MLS | | 2-I (Apartment) | Studio | $416,500 | August 18, 2023 | City record · MLS | | 1M (Apartment) | 1 | $350,000 | August 3, 2023 | City record · MLS | | 6I (Apartment) | — | $400,000 | September 21, 2022 | City record | | 6A (Apartment) | Studio | $305,000 | February 2, 2022 | City record · MLS | | 5O (Apartment) | — | $353,691 | January 21, 2022 | 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 The median closed price for comparable co-op two-bedroom sales in Lenox Hill is $1,395,000, based on 321 sales between September 2024 and July 2026. This home is asking $489,000, $906,000 below that median. The middle half of those sales closed between $1,040,000 and $1,800,000. - **Median closed price**: $1,395,000 - **Middle half**: $1,040,000 – $1,800,000 - **Based on**: 321 co-op two-bedroom sales in Lenox Hill - **Period**: September 2024 – July 2026 Square footage is recorded for only 98 of these 321 sales (31%), 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. Across the 302 of these sales with a published asking price, the median closed at 96.1% of what it originally asked. 66% of them closed below the original ask. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Lenox Hill instead. ### How these sales were negotiated - **Sold vs original ask**: 96.1% of the original ask - **Closed below ask**: 66% of 302 sales - **Listed → in contract**: 81 days (about 12 weeks) - **In contract → closed**: 92 days (about 13 weeks) Across the 302 of these sales with a published asking price, the median closed at 96.1% of what it originally asked. 66% of them closed below the original ask. Half of these homes were in contract within 81 days (about 12 weeks) of coming to market, based on the 301 with a recorded listing date. Once a deal was agreed, closing took a further 92 days (about 13 weeks), based on the 305 with both dates recorded. A co-op board package and its interview account for much of that. 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. Based on 321 co-op two-bedroom sales in Lenox Hill, September 2024 – July 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. ### Price trend Median sold price for co-op two-bedroom sales in Lenox Hill, 2016 to 2026. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth. | Year | Median sold price | Sales | | --- | --- | --- | | 2016 | $1,400,000 | 36 | | 2017 | $1,440,000 | 135 | | 2018 | $1,427,500 | 126 | | 2019 | $1,400,000 | 105 | | 2020 | $1,302,500 | 76 | | 2021 | $1,300,000 | 245 | | 2022 | $1,350,000 | 207 | | 2023 | $1,390,000 | 151 | | 2024 | $1,350,000 | 163 | | 2025 | $1,400,000 | 180 | | 2026 | $1,462,500 | 84 | This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Lenox Hill instead. 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 The Cherokee](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/the-cherokee) ## Price and Property History for 516 East 78TH Street, Unit 4D Review the recorded listing activity for 516 East 78TH Street, Unit 4D, including asking-price changes and prior market dates. - **Last sold (recorded)**: $498,000 on May 13, 2021 | Date | Price | Listing event | | --- | --- | --- | | May 13, 2021 | $498,000 | Sold — recorded sale price | | March 24, 2021 | $500,000 | Entered contract | | March 1, 2021 | $500,000 | Listed for sale by New York Living Solutions | ## Property Taxes This apartment is part of a co-op that is taxed as one lot shared across 286 apartments. The corporation’s 2026 property tax bill was $1,730,698 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 The Cherokee](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/the-cherokee) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### The Cherokee Lenox Hill · Stock Cooperative 517 East 77th Street, New York, NY 10021 A building in Lenox Hill, currently featuring 6 active listings. - **Year Built**: 1905 - **Total Units**: 6 - **Floors**: 6 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/the-cherokee) ### Available Residences — For Sale (6) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [4D](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10075/516-east-78th-street-4d-ny-10075) | 2 | 1 | — | — | $489,000 | Douglas Elliman Real Estate | Aug 4, 2026 | 41 days | | [6K](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10075/508-east-78th-street-k-6K-ny-10075) | 1 | 1 | — | — | $379,000 (-5.3%) | Compass | Jun 29, 2026 | 77 days | | [2E](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10075/508-east-78th-street-e-2E-ny-10075) | 1 | 1 | — | — | $450,000 | Corcoran Group | Apr 9, 2026 | 158 days | | [4JI](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10021/517-east-77th-street-ji-4JI-ny-10021) | 3 | 2 | — | — | $1,300,000 (-3.7%) | Corcoran Group | Jun 5, 2026 | 101 days | | [1M](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10075/508-east-78th-street-1m-ny-10075) | 1 | 1 | 330 sqft | $1,148 | $379,000 | Corcoran Group | Aug 26, 2026 | 19 days | | [3C](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10075/516-east-78th-street-3c-ny-10075) | 1 | 1 | — | — | $465,000 | Corcoran Group | Sep 2, 2026 | 12 days | ## Estimated Monthly Payment **$3,915 / month**, assuming a 20% down payment ($97,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $2,473 - **Common Charges**: $1,442 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Lenox Hill Overview of Lenox Hill [Explore Lenox Hill](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/lenox-hill) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Lenox Hill - [Inwood real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/inwood) ## Related Links - [The Cherokee — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/the-cherokee) - [Lenox Hill neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/lenox-hill) - [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.