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2 East 78th Street

$5,000,000 ($2,000 per ft2) -13% | 3 beds, 2 baths | Approx. 2,500 ft2
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400 days on Market

Key Details

  • Listed: Apr 14, 2023
    Last Price Change: -13% ($750,000) on Apr 17
    Days on Market: 400
    Building Type: Townhouse
    Neighborhood: Park/Fifth Ave. to 79th St. (Manhattan)
Monthly Real Estate Taxes: $5,728
Total Taxes & Fees: $5,728 ($2.29/ft2)
Est. Monthly Mortgage: $26,854
Total Est. Monthly Carrying Cost: $32,582 ($13.03/ft2)
Note: the above is based on a down payment of 20% ($1,000,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location: This single-family townhouse is located in a prime location just off Fifth Avenue, in the Park/Fifth Ave. to 79th St. neighborhood, and in close proximity to Central Park.
  • Versatile and Modern Design: The property, currently serving as the headquarters for a private foundation, showcases its versatility. It has been renovated and impeccably-maintained, with a modern design by Keenen/Riley.
  • Zoning and Layout: The zoning allows for a variety of uses including Residential, Live/Work, Community Facility (Nonprofit, Educational, Medical, Governmental). Each of the four floors has a pleasingly-proportioned, almost square plan.
  • Outdoor and View Features: The garden floor features a stainless-steel-clad Kitchen and opens to a small terrace with a planting bed. The open-plan rooms offer pretty treetop views onto East 78th Street and the gorgeous limestone façade of the James B. Duke Mansion.
  • Architectural Significance: Built in 1925 on a beautiful, tree-lined street, the building is surrounded by architecturally-significant neighboring buildings and includes Pre War features.
  • Exclusivity and Privacy: The building consists of only 2 apartments, providing a sense of exclusivity and privacy. Apartment amenities include a terrace.

Description

Just off Fifth Avenue, 2 East 78th Street is a renovated and impeccably-maintained single-family house presenting a myriad of possibilities. Currently serving as the headquarters for a private foundation, the residence has been redesigned by Keenen/Riley. 2 East 78th Street’s current zoning (R10) allows for all of the following uses: Residential, Live/Work, Community Facility (including Nonprofit, Educational, Medical, Governmental), and its current configuration could easily be adapted to suit the new owner’s needs.

Each of the four floors has a pleasingly-proportioned, almost square plan and a modern design sensibility. The garden floor, currently a stainless-steel-clad Kitchen, opens to a small terrace with a planting bed. Above, the rooms are open-plan and have pretty treetop views onto East 78th Street and the gorgeous limestone façade of the James B. Duke Mansion. Built in 1925 and exceptionally situated on a beautiful, tree-lined street moments from Central Park, 2 East 78th Street’s stellar locale and outlooks are further enhanced by the very attractive and architecturally-significant neighboring buildings.

Annual Taxes: $64,761.76 Approximate Internal Square Footage: 2,425 Approximate External Square Footage: 325 No additional FAR permitted

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Building Amenities

  • Pre War
Listing courtesy of Sothebys International Realty

Pricing History

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Area info for 2 East 78th Street

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Subways

  1. 6
at Lexington Ave 0.26 miles
  1. 4
  2. 5
at Lexington Ave 0.49 miles