49 E 78Th St New York, NY 10075
Property profile & analytics
49 E 78Th St New York, NY 10075
- Retail residential properties
- 10,870 SF
- 0.06 lot acres
Property ID
US63-2505358
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- John Molloy Gallery / Art Gallery
- Yu Cheng Chen / Alternative Medicine Practice
- Robertiello Richard C MD / Physician
- Edes Gilbert Consulting / Business Management Consultant
- Shrikant Bhamre Md / Ophthalmologist
Property Details for 49 E 78Th St
- Year built
- 1910
- Lot size
- 0.06 lot acres
- Property size
- 10,870 SF
- Zone code
- R8B
- Property type
- Retail residential properties
- APN
- 01393-0026
- APU
- 13930026
Description
This 12,100 square foot, 10-unit apartment building at 49 E 78th St, New York, NY 10075, is a prime investment opportunity. Built in 1910, this Class D elevator building boasts a large penthouse and private backyard. The property sits on a 2,554 square foot lot (25' x 102') with R8B/LH-1A zoning. Currently configured with two office spaces and seven one-bedroom apartments, plus a duplex owner's apartment (to be delivered vacant), it presents a unique chance for luxury redevelopment. The building's location on the Upper East Side, between Park and Madison Avenues, offers exceptional proximity to Central Park, Museum Mile, high-end retail, and public transportation (three blocks from the 77th Street 6 train station and numerous bus lines). The current NOI is $109,518, with a pro-forma NOI of $560,815 and a pro-forma cap rate of 5.78%. The asking price is $9,700,000 ($801.65/sq ft). This property is ideal for conversion into condominiums, single-family townhouses, or a boutique hotel. The building has no remaining development rights and is part of the Upper East Side Historic District. This is a rare chance to acquire a significant asset in a highly desirable location.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9619
- Latitude
- 40.7756
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$186,885
$614,848
$879,991
$1,494,839
-
$2,920,000
$4,179,200
$7,099,200
