For Sale · Listing by Compass
501 E 79th Street #2EF
Upper East Side, Manhattan
$3,750,000
501 E 79th Street #2EF
MLS® #RLS20103535
Listing by Compass
Open Houses Scheduled
Thursday, October 15 • 10:00 AM – 12:00 PM
Friday, October 16 • 12:00 PM – 2:00 PM
REBNY 2025: signed Buyer Representation Agreement required before any showing.
- 4
- Bedrooms
- 3.5
- Baths
- N/A
- Sq. Ft.
- 1961
- Year Built
Quick Summary
Property Highlights
- Views: City
- Exposure: West facing
- Outdoor Space: Deck, Terrace
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Sep 8, 2026 | $3,750,000 | - |
| Price Reduced | Sep 8, 2026 | $3,950,000 | +5.3% |
Description
A Rare Upper East Side Offering: 1,400 SF Private Terrace & Exceptionally Low Monthly Maintenance Welcome to Residence 2EF at 501 East 79th Street, a meticulously renovated four-bedroom, three-and-a-half-bathroom home offering two of Manhattan's most coveted luxuries: an extraordinary 1,400-square-foot private terrace and exceptionally low monthly maintenance of $4,161, which includes all utilities, even electricity. Offering the space, privacy, and comfort of a suburban home without ever leaving Manhattan, this exceptional residence combines expansive indoor-outdoor living, sophisticated design, and remarkably low carrying costs—a combination rarely found on the Upper East Side. The defining feature of this home is its spectacular 1,400-square-foot private terrace, a true extension of the living space and an exceptional rarity in Manhattan. Beautifully landscaped and equipped with a self-watering irrigation system, the terrace offers endless possibilities for al fresco dining, entertaining, gardening, children's play, or simply enjoying a morning coffee surrounded by lush greenery. With outdoor space of this scale, the residence offers a lifestyle more often associated with a private house than a Manhattan apartment. Inside, every inch of the home has been thoughtfully renovated with timeless design, exceptional craftsmanship, and modern conveniences. A gracious entry gallery finished in elegant Venetian plaster welcomes you into expansive living and entertaining spaces, where oversized windows frame tranquil terrace views and fill the home with natural light. At the heart of the residence is a stunning oversized eat-in chef's kitchen featuring premium appliances, extensive custom cabinetry, generous counter space, and radiant heated floors. Adjacent to the kitchen, the elegant dining room overlooks the terrace and is anchored by a striking marble fireplace featuring a modern electric flame, creating the perfect setting for intimate dinners or larger gatherings. Designed with both comfort and functionality in mind, the thoughtful floor plan offers two separate bedroom wings, each with two bedrooms, providing privacy and flexibility for family and guests. The expansive primary suite is a true retreat, overlooking the terrace and featuring a private home office, generous closet space, and a luxurious en-suite bath. Two additional bathrooms feature radiant heated floors, while an exceptionally spacious laundry room with a vented washer and dryer offers abundant storage and adds to the home's effortless everyday living. Additional highlights include wide-plank white oak flooring throughout, custom lighting, designer sconces, exceptional closet space, and premium finishes at every turn. York Towers is a financially strong, 100% owner-occupied, full-service cooperative that owns its commercial space, helping keep monthly maintenance remarkably low. With all utilities, including electricity, covered by maintenance, the building offers a particularly compelling financial advantage for a home of this size. Originally built as a cooperative, York Towers features generous room proportions, gracious layouts, and a lower-density feel. The building has recently undergone an extensive transformation, including a stunning new limestone and brick façade, an elegant redesigned lobby, modernized elevators, and a beautifully furnished rooftop terrace with East River views. Residents enjoy 24-hour concierge service, a live-in resident manager, and a private garage (waitlisted). Discussions are also underway regarding the potential addition of a fitness center. Perfectly positioned moments from Carl Schurz Park, the East River Promenade, John Jay Park, well-regarded public and private schools, neighborhood restaurants, cafés, markets, shopping, the public library, and multiple transportation options, Residence 2EF offers a rare opportunity to enjoy the space and comfort of a suburban home with all the conveniences of Manhattan living.
Features & Amenities
Interior Features
Exterior Features
Building Amenities
Appliances
Building Information
Financial Details
About Upper East Side
View All Upper East Side ListingsThe Upper East Side remains the gold standard for classic New York elegance. Known for 'Museum Mile' and its low-traffic, tree-lined streets, the neighborhood offers a refined lifestyle away from the midtown bustle. While famous for its historic cooperatives, the area has seen a recent surge in ultra-luxury new construction condos, particularly along the Second Avenue Subway corridor, making it a top choice for both traditionalists and modern buyers.
Upper East Side Live Market Data
View NeighborhoodActive Listings
322
Median Asking Price
$1.67M
Median $/Sqft
$1,522
Avg Days on Market
N/A
New This Week
19
Price Reduced
28%
Sold (30 Days)
52
Median Sale Price
$1.40M
Live data from RLS at REBNY • Updated 10/15/26, 7:51 PM EST
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501 E 79th Street #2EF, Upper East Side, New York County
Floor Plans
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)
Want help estimating ownership costs or understanding building compliance? Let's discuss
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed monthly maintenance are $4,165 per month. Confirm the exact amount with Milton Coste before making an offer.
The current listed annual property tax is $0, or roughly $0 per month. Verify the current assessment with your attorney before closing.
This property has 4 bedrooms and 3 full bathrooms and 1 half bathroom.
According to MLS records, the building was constructed in 1961, making it approximately 65 years old.
This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.
Pets are permitted at this property: Pets Allowed. Contact Milton Coste for weight limits or breed restrictions.
To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.
Have a question not answered here?
(917) 416-7433Listing Courtesy of Compass - Alexandra Hedaya
Listing Contact: (917) 251-7061
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.
How working with a buyer's agent works: I work for you, not the seller. Before I show you anything, New York brokerage rules ask us to put that in writing: an agreement and a disclosure that say I work for you and negotiate on your behalf. The agreement is non-exclusive: you can work with other agents, it runs for a short fixed term we agree on, and you can end it with a note. You may attend open houses independently without an agreement. Read how it works
RLS Data display by Keller Williams NYC. Data last updated on 10/15/2026 at 11:51 PM UTC
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Sale history, taxes, violations and comps for this unit
Before you bid
Pre-Offer Report: 501 E 79th Street #2EF
At $3,750,000, the listing leaves out what decides the offer: the recorded sale history, the tax and abatement picture, open building violations and permits, and the closed sales that set the price. Milton prepares the report from public records. No obligation.
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What happens next
- 1Milton emails you today.
- 2A short call about what you want and when.
- 3The agreement arrives electronically after the call. Then showings.
Your info is secure and never shared.
You're contacting Milton Coste, a buyer's agent. Before any private showing, New York brokerage rules require a short non-exclusive agreement. Milton walks you through it before you sign anything. Broker commissions are not set by law and are fully negotiable. How working together works.
Upper East Side Market Update
52 sales last 30 days · $1.67M median · 6.2 months supply
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Quick Facts
Monthly Costs Estimate
$750,000
Source: Freddie Mac PMMS
Est. Monthly Payment
$0
Estimates only. Consult a lender for exact figures.
Mansion tax applies at this price point
New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $3M to $4,999,999 at 1.50%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.
Estimated mansion tax at asking
$56,250
Estimate based on the asking price. Confirm your own obligation with your real estate attorney.
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