--- title: "516 East 78th Street #4C, New York City, NY 10075" description: "516 East 78th Street #4C, New York City, NY 10075 — Lenox Hill, New York City, NY. Listing Price $525,000. 2 bed, 1 bath Illustrative Buyer Commission Share of $7,875 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10075/516-east-78th-street-c-4C-ny-10075" source: "Real Estate Rebate Team" status: "Active" --- # 516 East 78th Street #4C, New York City, NY 10075 Lenox Hill, New York City, NY Courtesy of Serhant ## At a Glance - **Listing Price**: $525,000 - **Beds**: 2 - **Baths**: 1 - **Common Charges**: $1,376 / 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**: $525,000 - **Illustrative Buyer Commission Share**: -$7,875* - **Illustrative Net Cost**: $517,125 *Illustrative Buyer Savings of $7,875 — 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 #4C, New York City, NY 10075 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bf4f863b-5dc8-40d3-9966-d3889ab875e9.jpg) ![516 East 78th Street #4C, New York City, NY 10075 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b8c55aa4-4b2c-4060-9a46-0a2f36bec06f.jpg) ![516 East 78th Street #4C, New York City, NY 10075 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/edccb56b-9f2d-411c-adaf-47e26b32e801.jpg) ![516 East 78th Street #4C, New York City, NY 10075 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/74951093-1a7c-4e40-9a42-b6fe4eb11bf0.jpg) ![516 East 78th Street #4C, New York City, NY 10075 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c3e75357-eca7-44a6-a8ec-2a57134d754a.jpg) ![516 East 78th Street #4C, New York City, NY 10075 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/643dc86b-9970-49b3-9870-822a8ea16a87.jpg) ![516 East 78th Street #4C, New York City, NY 10075 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7af54a5b-67e1-4dba-8e5d-01ba03460f60.jpg) ![516 East 78th Street #4C, New York City, NY 10075 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b773baa9-8081-48d1-8eac-fc169fc75882.jpg) ![516 East 78th Street #4C, New York City, NY 10075 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a35c95e0-afe2-49a5-a78d-d8e95b51bd48.jpg) ![516 East 78th Street #4C, New York City, NY 10075 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/689cfdda-644d-4aac-b2bb-e6c66f26c2a0.jpg) ## Property Overview 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-à-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-à-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. ## Property Details - **Property Type**: Co-op - **Beds**: 2 - **Baths**: 1 - **Rooms**: 3 - **Stories**: 6 - **Year Built**: 1911 - **Common Charges**: $1,376 / Monthly - **Listed On**: May 22, 2026 - **Days on Market**: 135 Days ### Residence Features - Building In Basement - Building Courtyard - Balcony - Private Outdoor Space Under 60 Sqft - High Ceilings - City Lights - City - River ## Estimated Monthly Payment **$4,031 / month**, assuming a 20% down payment ($105,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $2,655 - **Common Charges**: $1,376 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**: $525,000 - **Median sold price**: $1,395,000 - **Difference**: -$870,000 (-62.4%) - **Comparable sales**: 317 - **Sales from**: October 2024 – August 2026 - **Middle half of those sales**: $1,040,000 – $1,800,000 Based on co-op two-bedroom sales in Lenox Hill. Square footage is recorded for only 98 of these 317 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. 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 - **Sale-to-list price**: 96.4% (298 sales) - **Sold below asking**: 64% (298 sales) - **Typical time to find a buyer**: 78 days (297 sales) - **Typical time to close**: 92 days (300 sales) Based on co-op two-bedroom sales in Lenox Hill 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 two-bedroom sales in Lenox Hill | Year | Median sold price | Sales | | --- | --- | --- | | 2016 | $1,400,000 | 25 | | 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 | 181 | | 2026 YTD | $1,462,500 | 90 | Based on recorded co-op two-bedroom sales in Lenox Hill. 2026 is year-to-date. Sales data through August 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) ## 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 2 active listings. - **Year Built**: 1911 - **Active Units**: 2 - **Floors**: 6 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/516-east-78th-street) ### Available Residences — For Sale (2) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [4C](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10075/516-east-78th-street-c-4C-ny-10075) | 2 | 1 | — | — | $525,000 | Serhant | May 22, 2026 | 134 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 | 25 days | ## 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 - [516 East 78th Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/516-east-78th-street) - [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.