
7
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505 E 79TH Street #8C
About This Property
The home's renovated windowed kitchen flaunts a new refrigerator and dishwasher, quartz countertops, wall oven, and Gaggenau cook top. The living room and second bedroom boast beautiful new strip hardwood floors, and the primary bedroom has parquet hardwood flooring. The home is further enhanced by excellent closet space and central air conditioning.
All permitted with Board approval: pets, washer/dryer installation, guarantors, gifting, co-purchasing, and subletting for a total of two years after two years of occupancy. A powder room can be added adjacent to the existing bathroom with Board approval (there is existing precedent). Up to 75% financing allowed.
East River House is a highly-regarded full-service cooperative with excellent financials. Residents enjoy a full-time doorman, resident manager, elegant lobby, laundry facility, bike room, and 24-hour attended garage. The building has made a wide range of capital improvements, all accomplished without any assessments: two new energy efficient boilers, new elevators, new hallways, new lobby, new mail room, new cooling tower, new intercom, new gravity tank, and current LL11 facade work.
The building's ideal location places you near every residential convenience including the East River Promenade, Carl Schurz Park, John Jay Park, D'Agostino supermarket, Morton Williams supermarket, Agata & Valentina fine food market, the 79th Street crosstown bus and the M31 (both stop at 79th and York), the 6 train at 77th Street, and the Q train at 83rd Street.
Listed By

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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 6, 2025 | Listed by Brown Harris Stevens Residential Sales LLC | $749,000 | |
Listed by Brown Harris Stevens Residential Sales LLC | |||
May 26, 2021 | Sold to Catherine Mccauliff | ||
Sold to Catherine Mccauliff |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
11/04/2024
|
2 Bed
|
2 Bath
|
-
|
$1,299,000
2 Bed
2 Bath
|
$1,315,000
+1.23%
03/03/2025
|
-
|
June Gottlieb
Coldwell Banker Warburg
| |
04/11/2024
|
1 Bed
|
1 Bath
|
1140 ft²
|
$1,275,000
1 Bed
1 Bath
1140 ft²
|
$1,235,000
-3.14%
02/27/2025
|
-
|
Jessica Cohen
Compass Greater NY, LLC
| |
02/07/2024
|
1 Bed
|
1 Bath
|
950 ft²
|
$795,000
1 Bed
1 Bath
950 ft²
|
$670,000
-15.72%
11/07/2024
|
-
|
RONALD LENSE
Prudential Douglas Elliman Real Estate
| |
05/30/2023
|
Studio
|
1 Bath
|
-
|
$385,000
Studio
1 Bath
|
$390,000
+1.30%
10/16/2023
|
Karen Wigdor
Brown Harris Stevens Residential Sales LLC
| ||
04/11/2023
|
2 Bed
|
2 Bath
|
1400 ft²
|
$1,325,000
2 Bed
2 Bath
1400 ft²
|
$1,250,000
-5.66%
08/21/2023
|
Henry Weinstock
Compass
| ||
11/16/2022
|
1 Bed
|
1 Bath
|
-
|
$619,000
1 Bed
1 Bath
|
-
-
|
-
|
Nicholas Oliver
Modern Spaces, LLC
| |
09/28/2022
|
3 Bed
|
2 Bath
|
1650 ft²
|
$1,125,000
3 Bed
2 Bath
1650 ft²
|
$1,047,500
-6.89%
07/10/2023
|
-
|
Jessica Cohen
Compass Greater NY, LLC
| |
07/26/2022
|
1 Bed
|
1 Bath
|
750 ft²
|
$675,000
1 Bed
1 Bath
750 ft²
|
$595,000
-11.85%
07/11/2023
|
Ilene Rosmarin
Douglas Elliman Real Estate
| ||
03/31/2022
|
Studio
|
1 Bath
|
-
|
$465,000
Studio
1 Bath
|
$420,000
-9.68%
07/10/2023
|
-
|
JOSEPH POLIVY
Prudential Douglas Elliman Real Estate
| |
02/25/2022
|
1 Bed
|
1 Bath
|
750 ft²
|
$540,000
1 Bed
1 Bath
750 ft²
|
$565,000
+4.63%
06/29/2022
|
Devin Someck
Living New York
| ||
02/24/2022
|
2 Bed
|
1 Bath
|
-
|
$699,000
2 Bed
1 Bath
|
$627,500
-10.23%
07/10/2023
|
-
|
Shawn Cook
Elliman
| |
05/30/2018
| |
1 Bed
|
1 Bath
|
-
|
-
1 Bed
1 Bath
|
-
-
|
-
|
-
|
04/16/2018
|
1 Bed
|
1 Bath
|
-
|
$899,000
1 Bed
1 Bath
|
$895,000
-0.44%
08/08/2018
|
Lauren Rose
Compass
| ||
09/05/2017
|
1 Bed
|
1 Bath
|
-
|
$620,000
1 Bed
1 Bath
|
$615,000
-0.81%
01/29/2018
|
Zachary Sosne
Next Stop NY
| ||
04/18/2017
|
3 Bed
|
2.5 Bath
|
2500 ft²
|
$3,750,000
3 Bed
2.5 Bath
2500 ft²
|
$3,650,000
-2.67%
08/29/2017
|
Albiona Zhubi
Compass
| ||
09/19/2016
|
1 Bed
|
1 Bath
|
750 ft²
|
$575,000
1 Bed
1 Bath
750 ft²
|
$585,000
+1.74%
02/28/2017
|
Christine Mulligan
Douglas Elliman Real Estate
| ||
06/08/2016
|
4 Bed
|
3 Bath
|
-
|
$6,000,000
4 Bed
3 Bath
|
$3,400,000
-43.33%
08/03/2017
|
-
|
Jessica Cohen
Compass Greater NY, LLC
| |
09/25/2015
|
2 Bed
|
2 Bath
|
-
|
$1,395,000
2 Bed
2 Bath
|
$1,212,500
-13.08%
04/12/2016
|
Daniela Kunen
Douglas Elliman Real Estate
| ||
09/15/2015
|
1 Bed
|
1 Bath
|
950 ft²
|
$925,000
1 Bed
1 Bath
950 ft²
|
-
05/02/2016
|
Phyllis Carson
Halstead dba Brown Harris Stevens Residential Sales LLC
| ||
04/13/2015
|
Studio
|
1 Bath
|
-
|
$575,000
Studio
1 Bath
|
$560,000
-2.61%
07/29/2015
|
Shaun Anders
Douglas Elliman Real Estate
| ||
04/07/2015
|
3 Bed
|
2 Bath
|
-
|
$2,150,000
3 Bed
2 Bath
|
-
02/24/2016
|
Kathleen Sloane
Brown Harris Stevens Residential Sales LLC
| ||
03/02/2015
|
1 Bed
|
1 Bath
|
-
|
$575,000
1 Bed
1 Bath
|
$575,000
06/15/2015
|
Carl Ekroth
Douglas Elliman Real Estate
| ||
09/03/2014
|
Studio
|
1 Bath
|
600 ft²
|
$435,000
Studio
1 Bath
600 ft²
|
$425,000
-2.30%
12/17/2014
|
Fern Budow
Corcoran Group
| ||
05/20/2014
|
1 Bed
|
1 Bath
|
600 ft²
|
$485,000
1 Bed
1 Bath
600 ft²
|
$450,000
-7.22%
10/09/2014
|
JOSEPH POLIVY
Douglas Elliman Real Estate
| ||
05/19/2014
|
2 Bed
|
2 Bath
|
1300 ft²
|
$1,225,000
2 Bed
2 Bath
1300 ft²
|
-
12/18/2014
|
Peter Palenzona
Citi Habitats
| ||
09/21/2013
|
2 Bed
|
2 Bath
|
-
|
$1,495,000
2 Bed
2 Bath
|
-
-
|
-
|
Jane Goldberg
Douglas Elliman Real Estate
| |
09/13/2013
|
1 Bed
|
1 Bath
|
-
|
$499
1 Bed
1 Bath
|
$487,500
+97,595.39%
04/01/2014
|
Wendy Jodel
TOWN Residential, LLC.
| ||
04/17/2013
|
1 Bed
|
1 Bath
|
750 ft²
|
$459,000
1 Bed
1 Bath
750 ft²
|
-
-
|
-
|
Ilsa Vasquez
NYLON Real Estate
| |
02/22/2013
|
2 Bed
|
2 Bath
|
-
|
$839,000
2 Bed
2 Bath
|
$825,000
-1.67%
07/11/2013
|
Frederick Wigdor
Halstead dba Brown Harris Stevens Residential Sales LLC
| ||
01/29/2013
|
1 Bed
|
1 Bath
|
750 ft²
|
$550,000
1 Bed
1 Bath
750 ft²
|
-
-
|
-
|
Kevin Mcwilliams
Living New York
| |
01/03/2013
|
Studio
|
1 Bath
|
-
|
$399,000
Studio
1 Bath
|
-
05/14/2013
|
Adam Solomon
Elliman
| ||
12/11/2012
|
1 Bed
|
1 Bath
|
-
|
$699,000
1 Bed
1 Bath
|
$699,000
02/05/2021
|
-
|
Michael SB Moran
Prudential Douglas Elliman Real Estate
| |
03/30/2012
|
1 Bed
|
1 Bath
|
950 ft²
|
$699,500
1 Bed
1 Bath
950 ft²
|
-
04/02/2013
|
Theresa Desanti-Kovary
TOWN Residential, LLC.
| ||
12/12/2011
|
1 Bed
|
1 Bath
|
750 ft²
|
$575,000
1 Bed
1 Bath
750 ft²
|
$560,000
-2.61%
12/16/2014
|
-
|
Devin Someck
Living Real Estate Group
| |
04/22/2008
|
3 Bed
|
2 Bath
|
-
|
$1,895,000
3 Bed
2 Bath
|
$1,750,000
-7.65%
02/05/2021
|
-
|
Ann Jeffery
Brown Harris Stevens
|
Building Info
- 210 Units
- 2 Units for Sale
