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516 East 78th Street #5C
Coop in Lenox Hill •  building info
studio • 1ba
Sold price

$425,000

Key Details
Days on market
141
Last price change
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Estimated payment
$3,271
Monthly taxes
N/A
Monthly maintenance
$1,122
Description
BRAND NEW TO MARKET.Move right into this freshly painted, beautiful sun-filled converted 2 bedroom. Located in the magnificent Cherokee building - A glorious pre-war Beaux Arts landmark building on the Upper East Side. This gorgeous building exudes old world charm and is infused with an elegant European Ambiance. Perched on the fifth floor (non-elevator) this lovely home boasts, large oversized Floor-to-Ceiling Windows along with two magnificent balconies overlooking John Jay Park and the East River. Enjoy the trees the breeze and your beautiful balconies whilst sipping on a luscious latte and escape the stresses of the day. Great for investors as a rental income, or as your perfect Upper East Side Home. The building allows immediate Sublets AND the LOW MAINTENANCE INCLUDES UTILITIES: Gas & Electric, Heat & Hot Water.The Cherokee features a live-in super, video intercom system, overnight doorman, 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. Pets are most welcome!! Steps away from John Jay Park and the East River promenade makes this apartment a must have. Investment friendly.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 mouthwatering dishes. Welcome home!

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Important Stuff
Elevator
Cats and Dogs allowed
Listing Amenities
Storage Available
Hardwood floors
Park View
Water View
Skyline View
Building Amenities
Bike Room
Package Room
Gifts Allowed
Live In Super
Fios Available
Laundry in Building
Outdoor Space
Balcony
Courtyard
Coop Rules
Sublets Allowed
Gaurantor Permitted
Co-purchase Allowed
Parents Buying Allowed
Pied-a-Terre Allowed
History
What it'll cost
Purchase price
$425,000
Asking Price: $425,000
Term
30 Years
Down Payment
$85,000 (20%)
Min: 20% (85,000)
Rate
6.5 %
Mortgage Amount
$340,000
Mortgage Payment
$2,149
Maintenance
$1,122
Estimated closing cost
$7,000
Total monthly cost $3,271
Listing Courtesy of Corcoran Group

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