
6
Map


508 E 78TH Street #2M
About This Property
Perched on the 2nd floor (non-elevator) this beautiful apartment boasts high ceilings new, hardwood floors and an oversized floor to ceiling window. The apartment features a renovated kitchen with stainless steel appliances and new hardwood cabinets. Great for investors as a rental income, or as your perfect Upper East Side First Home.
The Cherokee features a live-in super, video intercom system, overnight security, bicycle room, central storage room, a landscaped courtyard, and a new laundry room. Utilities: gas & electric, heat and hot water are included in the maintenance. Pied a terres, Investors, Parents buying, co-purchasers and guarantors are all permitted. Pets are most welcome!! Steps away from John Jay Park and the East River promenade makes this apartment a must have.
The Upper East Side has a burgeoning restaurant scene with numerous dining options ranging from Quality Eats, Uva wine bar, Penrose and newcomers Thep and Mission Ceviche which are really thriving. Boutique gourmet food store options include Citarella, Agata & Valentina and the newly renovated Gracie's that added a wine bar. On a larger scale, Whole Foods and Fairway are only blocks away. Orwasher's Bakery (voted the #1 baguette by Time Out NY) is just around the corner and has been baking the classic black-and-white cookie since 1916 - soft and pillowy with a touch of lemon zest! And why not try the fabulous Pink Berry.
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
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%.
How much can I actually make?
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.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jun 27, 2025 | Price Decreased |
$365,000
↓ $30K
(7.6%) | |
Price Decreased | |||
Apr 4, 2025 | Listed by Corcoran Group | $395,000 | |
Listed by Corcoran Group | |||
Oct 25, 2017 | Sold to Suzanne Powell Bishopric, W... | ||
Sold to Suzanne Powell Bishopric, W... | |||
Jun 17, 2016 | Sold to Stacie Deiner | ||
Sold to Stacie Deiner | |||
Nov 14, 2005 | Sold to Donal Harte | ||
Sold to Donal Harte |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
11/12/2024
|
1 Bed
|
1 Bath
|
-
|
$500,000
1 Bed
1 Bath
|
$500,000
03/04/2025
|
-
|
Janine Young
The Corcoran Group
| |
09/20/2024
|
2 Bed
|
1 Bath
|
-
|
$875,000
2 Bed
1 Bath
|
$835,000
-4.57%
06/14/2025
|
-
|
GRACE MIGLIO
Corcoran Group
| |
05/16/2022
|
3 Bed
|
2 Bath
|
-
|
$1,025,000
3 Bed
2 Bath
|
$950,000
-7.32%
10/14/2022
|
-
|
Katie Thurber
Serhant
| |
08/30/2021
|
Studio
|
1 Bath
|
-
|
$395,000
Studio
1 Bath
|
$385,000
-2.53%
06/09/2022
|
-
|
Mary Anne Fusco
Elliman
| |
06/24/2021
|
3 Bed
|
2 Bath
|
-
|
$999,500
3 Bed
2 Bath
|
$999,500
09/17/2021
|
-
|
Nicholas Oliver
Modern Spaces, LLC
| |
11/09/2020
|
1 Bed
|
1 Bath
|
-
|
$499,000
1 Bed
1 Bath
|
$475,000
-4.81%
06/25/2021
|
-
|
Ben Garama
Corcoran Group
| |
10/02/2018
|
2 Bed
|
1 Bath
|
915 ft²
|
$719,000
2 Bed
1 Bath
915 ft²
|
$730,000
+1.53%
01/04/2019
|
-
|
Douglas Perlson
RealDirect Brokerage Services
| |
01/26/2018
|
3 Bed
|
2 Bath
|
-
|
$1,348,000
3 Bed
2 Bath
|
$989,000
-26.63%
07/02/2018
|
-
|
Kevin Moore
WNY Metro Roberts Realty
| |
03/01/2017
|
1 Bed
|
1 Bath
|
500 ft²
|
$380,000
1 Bed
1 Bath
500 ft²
|
$380,000
02/05/2021
|
-
|
Satsuki Yasuda
Relo Redac, Inc
| |
04/17/2015
|
2 Bed
|
1 Bath
|
915 ft²
|
$609,000
2 Bed
1 Bath
915 ft²
|
-
-
|
-
|
Douglas Perlson
Perlson Douglas J
| |
11/03/2014
|
1 Bed
|
1 Bath
|
-
|
$355,000
1 Bed
1 Bath
|
$355,000
02/05/2021
|
-
|
Gary Posylkin
UpNext Real Estate
| |
09/05/2014
|
1 Bed
|
1 Bath
|
-
|
$365,000
1 Bed
1 Bath
|
$365,000
06/04/2015
|
-
|
Leasing Office 15 Cliff
Rose Associates Inc
| |
07/22/2014
|
1 Bed
|
1 Bath
|
-
|
$375,000
1 Bed
1 Bath
|
-
-
|
-
|
Gary Posylkin
UpNext Real Estate
| |
06/03/2014
|
2 Bed
|
2 Bath
|
-
|
$730,000
2 Bed
2 Bath
|
$750,000
+2.74%
11/06/2014
|
-
|
Miriam Cortazzo
Miriam Cortazzo RE
| |
04/25/2014
|
2 Bed
|
1 Bath
|
-
|
$375,000
2 Bed
1 Bath
|
$380,000
+1.33%
02/05/2021
|
-
|
Gary Posylkin
UpNext Real Estate
| |
04/23/2014
|
1 Bed
|
1 Bath
|
-
|
$375,000
1 Bed
1 Bath
|
$385,000
+2.67%
02/05/2021
|
-
|
Gary Posylkin
UpNext Real Estate
| |
04/04/2013
|
1 Bed
|
1 Bath
|
-
|
$365,000
1 Bed
1 Bath
|
$355,000
-2.74%
10/09/2013
|
-
|
-
| |
03/01/2013
|
1 Bed
|
1 Bath
|
600 ft²
|
$365,000
1 Bed
1 Bath
600 ft²
|
$365,000
02/05/2021
|
-
|
Leasing Office 15 Cliff
Rose Associates Inc
| |
09/20/2012
|
1 Bed
|
1 Bath
|
-
|
$275,000
1 Bed
1 Bath
|
-
-
|
-
|
Carol W. Landon
Prudential Douglas Elliman Real Estate
| |
09/20/2012
|
1 Bed
|
1 Bath
|
550 ft²
|
$285,000
1 Bed
1 Bath
550 ft²
|
-
-
|
-
|
Brian Meier
Berkshire Hathaway HomeServices New York Properties
|
Building Info
- 384 Units
- 2 Units for Sale
