51 East 78th Street #1D, New York City, NY 10075
Listing Courtesy of Compass
$450,000
Potential Rebate: $6,750
Overview
Elegant Prewar Beauty in Exclusive Location! Look no further for the ideal pied-a-terre or sophisticated studio home in a lovely, well-maintained cooperative between Madison and Park Avenues!
With over 11-foot ceilings and oversized, south-facing windows, this charming apartment has excellent light and is located on an elevated first floor off of the beautiful building lobby. With a formal entry foyer, this studio home has a gracious layout and the particularly high ceilings give the home an airy quality and spaciousness not often found in a studio. There is ample room for a full bedroom set and separate living area in the main room. The separate windowed kitchen area off of the entry foyer, is large enough for a proper kitchen and the separation from the main room helps keep cooking smells in the kitchen.
The current owner has used this apartment exclusively as a therapist's office for many years, but the building no longer wishes to have units used as professional offices, so this is a special opportunity to purchase a well-priced home in an exceptional building and location. The new owner will need to install their own kitchen in the location that had once housed a kitchen but was removed by the current owner to be used as a waiting room. The windowed bathroom is a well-maintained original art deco bathroom in excellent condition.
51 East 78th Street is a well-maintained, elevator cooperative with recently refreshed lobby, LOW maintenance, attentive superintendent, and common laundry. Please note this is a non-smoking building. Sorry, pets are not permitted. There is currently an assessment in the amount of $146.76 /month through May 2026.
Home Features
- •Common On Floor
- •Common Area
- •High Ceilings
Estimated Monthly Payment
$3,577 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$6,750
Monthly savings impact
$19/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Similar Homes
345 East 77TH Street #3F, New York City, NY 10075
Listing Courtesy of Corcoran Group
Why Buy With Us
Rebates Up To
2.5%
25+ Years
Experience
REBNY & NAR
Member
Verified
Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Compass
Data Source: TRESTLE #RLS20059750
Price Analysis
Compare average listing prices and value metrics for 51 East 78th Street against the surrounding Upper East Side market.
Average List Price
Price Per SqFt
Insufficient size data available to calculate Price Per SqFt comparisons for this specific selection.
90.83% Lower
than the Upper East Side price average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Upper East Side
Overview of Upper East Side
The Upper East Side (UES) is the epitome of classic New York wealth and culture. Stretching from Central Park to the East River, it is home to Museum Mile, Madison Avenue fashion, and some of the most prestigious addresses in the world. For buyers seeking Upper East Side Manhattan real estate, it offers a lifestyle of polished elegance and safety.
Living in the Upper East Side ranges from the ultra-luxury of Fifth Avenue to the bustling, younger energy of Second Avenue. As a premier Manhattan NYC neighborhood, it remains the gold standard for residential stability and top-tier schools.
Real Estate & Housing Market
The market for homes for sale in the Upper East Side is surprisingly diverse. While famous for $20 million townhouses and co-ops, the eastern avenues (Yorkville) offer excellent value for studios and one-bedrooms.
It is valid to say it has two markets: the "Gold Coast" west of Lexington (historic, expensive, co-op heavy) and the area east of Lexington (more condos, more rentals, more affordable).
Lifestyle & Community
The lifestyle on the UES is refined. Residents spend weekends at the Met or the Guggenheim, jogging in Central Park, and dining at established bistros. It is less trendy than downtown but more livable.
The community is generational. You will see grandmothers and toddlers who both grew up in the neighborhood. It feels established, clean, and manicured.
Transportation & Accessibility
The Upper East Side was transformed by the Second Avenue Subway (Q train), which relieved pressure on the 4/5/6 line. Now, the area feels incredibly connected to Midtown and downtown.
The crosstown buses through the park (at 65th, 79th, 86th, 96th) are vital lifelines to the West Side.
Parks, Schools & Amenities
Central Park is the neighborhood's front yard. Carl Schurz Park on the East River is a hidden gem with a dog run and promenade.
Amenities are world-class. The area has the highest concentration of private schools in the city (Dalton, Spence, Chapin) and top hospitals (Lenox Hill, Mt Sinai), making it a magnet for families and professionals.
Who This Neighborhood Is Best For
The Upper East Side is best for families, culture lovers, and anyone who wants a classic, safe, and green New York City experience.
