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516 East 78th Street #3O
Coop in Lenox Hill •  building info
1bd • 1ba
List Price

$512,500

Key Details
Days on market
66
Last price change
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Estimated payment
$3,854/mo
Taxes
Included in maintenance fees
Maintenance
$1,396/mo
Description
Set within one of the citys more architecturally distinctive prewar cooperatives, this beautifully bright one-bedroom residence offers an ideal opportunity for first-time buyers, professionals, and investors. Bathed in natural light, the home has been exceptionally loved and blends classic prewar charm with modern updates. Three oversized windowstwo of them floor-to-ceilingalong with two private balconies overlook the quiet, tree-lined street below, distinguishing this home with a rare, Parisian charm. Gleaming hardwood floors run throughout, while the inviting eat-in kitchen is designed for effortless entertaining, featuring granite pass-through countertops, extra bar seating, and thoughtfully integrated appliances including a washer/dryer, dishwasher, and built-in microwave. The bedroom enjoys abundant natural light, offers ample closet storage, and opens directly onto a private balcony. Located directly across from John Jay Park and the East River Esplanade in Lenox Hill, The Cherokee, built in 1909, is a landmark cooperative comprised of four elegant courtyard buildings with large windows and richly detailed architecture. The building is pet friendly, and offers an on-site, live-in superintendent, attentive staff, central laundry, bike storage, and a package room. The co-op is extremely well-managed with strong financials, allows parents purchasing, co-purchasing, guarantors, and investors, and monthly maintenance fees conveniently include gas and electricity.

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Important Stuff
Elevator
Washer/Dryer in unit
Cats and Dogs allowed
Policies
Gifts Allowed
Sublets Allowed
Gaurantor Permitted
Co-purchase Allowed
Parents Buying Allowed
Pied-a-Terre Allowed
Unit features
Dishwasher
Hardwood floors
Storage Available
Private outdoor space

Balcony

Building amenities
Services and facilities
Bike Room
Fios Available
Laundry in Building
Live In Super
Package Room
Shared outdoor space
Courtyard
Building info

History
What it'll cost
Purchase price
$512,000
Asking Price: $512,500
Term
30 Years
Down Payment
$102,000 (20%)
Min: 20% (102,000)
Rate
6.0 %
Mortgage Amount
$410,000
Mortgage Payment
$2,458
Maintenance
$1,396
Estimated closing cost
$7,000
Total monthly cost $3,854
Listing Courtesy of Compass

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