Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
501 E 79th Street #2EF

For Sale · Listing by Compass

501 E 79th Street #2EF

Upper East Side, Manhattan

$3,750,000

Interested in this property?
Active For Sale • Co-op

$3,750,000

501 E 79th Street #2EF

Upper East Side, Manhattan

MLS® #RLS20103535

RLS at REBNY

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

Bedrooms 4
Bathrooms 4 full, 1 half
Lot Size 15,451.66 sq ft
Year Built 1961
Ownership Co-op
Maintenance $4,165/mo
Parking Garage
Neighborhood Upper East Side
Floor 2 of 20

Property Highlights

  • Views: City
  • Exposure: West facing
  • Outdoor Space: Deck, Terrace

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 8
Baths 3 Full, 1 Half
Floor 2 of 20
View City
Exposure West
Cooling Other
Pets Yes, CatsOk, DogsOk
Year Built 1961
Parking Features Garage
Structure Type HighRise,MultiFamily
Flooring Hardwood, Marble
Furnished Unfurnished
Lot Size 15,451.66 sq ft
Parcel # 1576-0001-00501-000-00002EF
Block/Lot 01576/0001

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

Entrance Foyer Eat In Kitchen Walk In Closets Building Washer Dryer Install Allowed Common On Floor Common Area In Unit Flooring: Hardwood, Marble Fireplace (1)

Exterior Features

Building Basketball Court Building Roof Deck Private Outdoor Space Over60 Sqft Deck Terrace

Building Amenities

Basketball Court Bike Storage Concierge Elevators Fitness Center

Appliances

Dryer Dishwasher Washer

Building Information

Building Data View Compliance & Permits
Total Units 137
Stories 20
Structure HighRise,MultiFamily

Financial Details

Maintenance $4,165/mo
Previous Price $3,950,000

The 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 Neighborhood

Active 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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Location

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501 E 79th Street #2EF, Upper East Side, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1960
Year Built
66 years old
20
Floors
112
Residential Units
R10A
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $22,741,650
Land Value: $3,811,500
Exemptions: $221,987

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 15,451 SF
Building Area: 206,079 SF
Built FAR: 13.34
Allowed FAR: 10

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

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) 416-7433
MLS® ID: RLS20103535
First Listed: 7/14/2026
On Market: 9/8/2026
Price Changed: 9/8/2026
Contract Date: 6/25/2026

Listing 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 at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 10/15/2026 at 11:51 PM UTC

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Milton Coste - NYC Real Estate Broker

Milton Coste

Licensed Real Estate Associate Broker

Keller Williams NYC

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Sale history, taxes, violations and comps for this unit

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Upper East Side Market Update

52 sales last 30 days · $1.67M median · 6.2 months supply

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New listings in this neighborhood

Quick Facts

Status Active Type Co-op Neighborhood Upper East Side Borough Manhattan
County New York
Floor 2 of 20
Year Built 1961
First Listed 7/14/2026
Maintenance $4,165/mo

Monthly Costs Estimate

Down Payment 20%

$750,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Maintenance $4,165
Total Monthly $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

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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