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Off market
  • Tax assessed value
    $29,172,000

    508 E 78th St APT 5M, New York, NY 10075

    0beds
    98,580sqft
    Cooperative
    Built in 1910
    -- sqft lot
    $-- Zestimate®
    $296/sqft
    $2,764 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $2,764/mo

    Zestimate® history
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    What's special

    New laundry roomPied a terresLandscaped courtyardEast river promenadeLive-in superBicycle roomMission ceviche

    Calling all Investors..........This charming studio which can easily convert to a one bedroom apartment is located in the magnificent Cherokee - A glorious pre-war Beaux Arts landmark building. This gorgeous building exudes old world charm and is infused with an elegant European Ambiance. Perched on the 5th Floor, this Sunny Studio boasts Beautiful Brand New Hardwood Floors, a floor to ceiling triple sashed window, and 9 foot ceilings. The LOW MONTHLY MAINTENANCE INCLUDES UTILITIES: Gas & Electric, Heat & Hot Water. There is a current Tenant in there until June 2022. The Cherokee features a live-in super, video intercom system, bicycle room, central storage room, a landscaped courtyard and a new laundry room. Utilities; gas & electric, are included in the maintenance! Pied a terres, Investors, Parents buying for Children, co-purchasers and guarantors are all permitted. Steps away from John Jay Park and the East River promenade makes this apartment a must have. Investment friendly. The Cherokee has excellent financials. There is no flip tax and 80% financing is allowed. Investors, parents purchasing for adult children, guarantors, pied a terres, subletting, and pets are most welcome! The Upper East Side has a burgeoning restaurant scene with numerous dining options ranging from Quality Eats, Uva wine bar, Penrose and newcomers Thep and Mission Ceviche which are really thriving. Boutique gourmet food store options include Citarella, Agata & Valentina and the newly renovated Gracie's that added a wine bar. On a larger scale, Whole Foods and Fairway are only blocks away. Orwasher's Bakery (voted the #1 baguette by Time Out NY) is just around the corner and has been baking the classic black-and-white cookie since 1916 - soft and pillowy with a touch of lemon zest! But our all time favourite is the scrumptious Cacio and Pepe, an authentic Italian restaurant serving the most mouth watering dishes. Co-broke Commission is 2.5%.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 0
    • Bathrooms: 1
    • Full bathrooms: 1
    Appliances
    • Included: Dryer, Washer
    • Laundry: In Unit
    Interior area
    • Total interior livable area: 98,580 sqft

    Property

    Lot
    • Size: 0.53 Acres
    Details
    • Parcel number: 0148900375M02

    Construction

    Type & style
    • Home type: Cooperative
    Condition
    • Year built: 1910

    Community & HOA

    HOA
    • Has HOA: Yes
    • HOA fee: $1,004 monthly
    Location
    • Region: New York

    Financial & listing details

    • Price per square foot: $296/sqft
    • Tax assessed value: $29,172,000
    • Annual tax amount: $1,243,813

    Price history

    DateEventPrice
    1/18/2023Sold$330,000-5.4%$3/sqft
    Source: StreetEasy #S1598186 Report a problem
    8/14/2022Listing removed--
    Source: StreetEasy Report a problem
    10/19/2021Listed for sale$349,000$4/sqft
    Source: StreetEasy Report a problem
    3/6/2018Listing removed$2,050
    Source: Keller Williams NYC Report a problem
    2/9/2018Listed for rent$2,050
    Source: Keller Williams NYC Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2019$1,243,813 -8.3%$13,127,400 +1.4%
    2018$1,356,520 $12,946,950 +12.7%
    2017-- $11,486,700
    Find assessor info on the county website

    Neighborhood: Upper East Side

    Nearby schools

    GreatSchools rating