The Charles House

The Charles House is a condo located 40 East 78th Street, in Upper East Side, New York. The building was first built in 1958 and is 66 years old. The lot that the building was built on is 204 feet wide and 100 feet long. The official lot area is listed as 17,265 square feet. In total, 40 East 78th Street has a total floor area of 193,124 square feet. Of that, 138,675 square feet are used for residential purposes. About 54,449 square feet of the building are used for commercial purposes. Additionally, the building has a 23,140 square feet garage. There are a total of 112 units. Of those, 111 are residential units. There are 1 commercial units. 40 East 78th Street has a total of 16 floors. Thankfully, the building is equipped with elevator service. Residents can acccess the 3 elevators in 40 East 78th Street.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! For your convenience, laundry is located in the building. For those who love to work out, there is a fitness center. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 340 closings on record, of which we have matching data for 36 listings. In the past 3 years, a listing in this building will typically remain on the market for about 169 days and tend to sell below the original asking price of $2,495,000 by 0.64%. Meaning, listings tend to sell at a median of $1,733 price per square foot. The transaction that took the longest to complete was unit 5E, listed on Dec 18, 2017 for $2,995,000. This particular unit ultimately sold 317 days later for $2,725,000. The most recent transaction was for unit 5H, which was first advertised on Apr 06, 2023, sold for $1,730,000 on Jan 31, 2024. Fun fact, the oldest transaction we have on record took place on Dec 10, 1987. See the full transaction history for The Charles House below.

Upper East Side, where 40 East 78th Street is located, has a median asking price of $1,649,000 for condo buildings. Meanwhile, the building itself has a median asking price of $2,495,000. For interested buyers, that means the building's median asking price is around 1.68% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit in this building compared to other condo buildings in the neighborhood.

There are currently 2 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $2,350,000. It is a 2 bedroom and 2 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $1,895,000. It is a 2 bedroom and 2 bathroom unit. A breakdown of active listings shows no studio, no one-bedroom, 2 two-bedroom, no three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $2,122,500. Active units for sale at 40 East 78th Street are mostly 2-bedroom apartments Active units for sale at 40 East 78th Street have a median count of 2 bedrooms and have a median count of 2 bathrooms.