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Morgan Studios, 170 East 78th Street, #5EF

$3,150,000 ($1,286 per ft2) | 3 beds, 2 baths | Approx. 2,450 ft2
Building Profile  | 
185 days on Market

Key Details

  • Listed: May 13, 2024
    Days on Market: 185
    Building Type: Cooperative
    Neighborhood: Lenox Hill (Manhattan)
    Doorman: FT Doorman
    Listing viewed 145 times
Monthly Maintenance: $7,458 ($3.04/ft2)
Est. Monthly Mortgage: $10,394
Total Est. Monthly Carrying Cost: $17,852 ($7.29/ft2)
Note: the above is based on a down payment of 50% ($1,575,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Location and Building: This spacious 3-bedroom, 2-bathroom apartment is located in a renowned full-service prewar cooperative building in the Lenox Hill neighborhood, originally built in 1927 as artist’s studios. The building is fully staffed with a doorman, live-in resident manager, and superintendent, and is situated on a lovely tree-lined block, close to transportation, restaurants, and shopping.
  • Living Space: The apartment offers approximately 2,450 square feet of living space, featuring a large, south-facing living room with a wood-burning fireplace and two seating areas, a formal dining area that can accommodate a table for 6 or more, and an additional cozy den with a second wood-burning fireplace and separate office area.
  • Kitchen: The newly renovated kitchen boasts ample storage, a wine fridge, refrigerator and freezer drawers, a six burner stove, farm sink, and a large island, perfect for those who love to cook.
  • Primary Bedroom Suite: The primary bedroom suite offers privacy and includes a bathroom with dual sinks, a large vanity, free standing shower, and separate claw foot tub.
  • Amenities: The apartment features an abundance of closet space, a newly installed washer and dryer, and thru wall AC in entertaining rooms. Pets and pied-a-terres are permitted with board approval.
  • Nearby Attractions: The building's close proximity to Central Park, fine dining and shopping, art galleries, and mass transit connections make it an ideal location for those seeking a vibrant lifestyle. Southern exposures provide abundant natural light throughout the apartment.

Description

A Country Oasis in the City. At nearly 2500 square feet, this special three-bedroom home is one-of-a-kind and not to be missed. Located in renown 170 East 78th Street, a beloved full-service prewar cooperative, this apartment evokes the feeling of a house with all the conveniences of an apartment building.
The ultimate entertaining apartment, a welcoming entry gallery is the focal point from which all public rooms are accessed and easily flow through. A 29 ft. oversized South-facing living room is bathed in sun all day and easily accommodates two seating areas; one more formal living area centered around a woodburning fireplace, and a second by the formal kitchen and dining great room, allowing for easy interaction between parties in both rooms.

Two sets of large casement windows and prewar details add to the charm and wow factor of this beautiful room.

Separated from the living room by a pair of glass French doors, the open kitchen and dining room is perfect for both formal and informal gatherings. The newly renovated kitchen has ample storage throughout, a wine fridge, refrigerator and freezer drawers, six burner stove, farm sink, and large island. The formal dining area easily accommodates a table for 6 or more.

This room also benefits from two East-facing windows, one of which is floor-to-ceiling and opens to a juliet balcony.

To the right of the entry gallery is another huge entertaining room- a cozy den with wood-burning fireplace. Also bathed in sunlight via gorgeous casement windows, this is the ultimate hang out and game room. There is close access to a secondary kitchenette and laundry room with refrigerator and dishwasher.

The scale of this room is so great there is even a separate office area.

The three bedrooms flank either side of the apartment. The primary bedroom suite is located on one side allowing for the upmost privacy, and the two additional bedrooms and bathroom are on the other. The primary suite has a bathroom with dual sinks and large vanity, free standing shower, and separate claw foot tub.

There is an abundance of closet space throughout the apartment, a newly installed washer and dryer, and thru wall AC in entertaining rooms.

170 East 78th Street, also known as Morgan Studios, is a boutique prewar cooperative built in 1927. Originally used as artist’s studios, this is a destination building for many. On a lovely tree-lined block and close to transportation, restaurants and shopping, the building has a full-time doorman and live in resident manager.

Pied-e-terres and pets are permitted with board approval and basement storage available for a monthly fee. The building permits up to 50% financing. 2.5% flip tax paid by the buyer.

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Listing courtesy of Corcoran Group

Pricing History

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About Morgan Studios, 170 East 78th Street

55

Morgan Studios, 170 East 78th Street has received a CityRealty Rating of 55, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

18
Out of 44
+
25
Out of 36
+
12
Out of 39
=
55
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Attractive 5 out of 8 points
Retail Quality:
None 2 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Exists 1 out of 2 points
Local Visibility:
Partially Visible 1 out of 2 points
Watertank:
Enclosed 1 out of 2 points
Airconditioners:
Allowed and Present 0 out of 2 points
Free Standing:
No 0 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Very Attractive with Trees 4 out of 5 points
Distance To Neighborhood Center:
Less than 40 blocks 2 out of 5 points
Views:
Open 2 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Very Little 3 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
Less than 3 Short Blocks 2 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
Less than 3 Short Blocks 2 out of 2 points
Distance To Park:
More than 6 Short Blocks 0 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Minimal but Attractive 2 out of 5 points
Units Per Floor:
5-9 2 out of 5 points
Ceiling:
14 or more Feet 4 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
None 0 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Minimal 1 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
None 0 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
No 0 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Some 1 out of 2 points

Building Amenities

  • FT Doorman
  • Elevator

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Pros
  • Doorman
  • Good local shopping and restaurants
  • Convenient to many schools and religious institutions
  • Near Lenox Hill Hospital
  • Very good public transportation
  • Very attractive- quiet street
  • Very tall ceilings
  • Canopied entrance
  • Close to Subway
Cons
  • No health club
  • Three-step-down vestibule
  • No sidewalk landscaping
  • No garage
  • No roof deck
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Subways

  1. 6
at Lexington Ave 0.07 miles
  1. 4
  2. 5
at Lexington Ave 0.43 miles

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