The Cherokee - 508 East 78th Street, New York, NY 10075 Property Information
Also known as: 516 E 78th St, New York, NY 10075
The Cherokee - 508 East 78th Street, New York, NY 10075 Property Information
Also known as: 516 E 78th St, New York, NY 10075
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- Neighborhood
Address
| Building name | The Cherokee |
| Primary address | The Cherokee - 508 East 78th Street |
| Secondary address | 508-514 E 78th St |
| Neighborhood | Lenox Hill |
| Zip code | 10075 |
| Borough | Manhattan |
| Block & lot | 01489-0037 |
Sales & Tax Overview for 508 East 78th Street, New York
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Purchase date | 08/17/2004 |
| Purchase price | $268,000 |
| Tax class | Register |
| Estimated property tax | $1,656,026 |
Lot & Building Information for 508 East 78th Street, New York
| Lot sq. ft. | 22,987 |
| Lot dimensions | |
| Property type | Walk-up Cooperative Building (Other than Condominiums) (XC6)
|
| Building sqft | 98,580 |
| Building dimensions | |
| Buildings on lot | 2 |
| Stories | 6 |
| Year built | 1911 |
| Frontage(s) | Cherokee Place (narrow) East 78 Street (narrow) |
| Nearest wide street | York Avenue |
| Distance to wide street | Register |
Area Overview
| School district | 2 |
| Community district | 8 |
| Closest police station | 0.72 Miles |
| Closest fire station | 0.41 Miles |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
Building Description
The Cherokee retains a reputation as one of the most important and beloved buildings in NYC. This 6-story Upper East Side co-op at 508 East 78th Street has a limestone and brick facade dressed with green iron Juliet balconies and gates. In fact, The Cherokee has been ranked as having the second best balconies in New York City, only second to Trump Plaza.
It was originally opened in 1912, with the help of the construction company involved in building Grand Central Terminal's Oyster Bar and Ellis Island's Great Hall. The project was funded by Mrs. Vanderbilt as a pioneering effort in philanthropic housing, which was closely watched and praised by the media all over the world. Its old world pre-war era charm has attracted several notable actors to stay or shoot film including Robert De Niro, Matt Damon, and Ewan McGregor. Located in front of John Jay Park, it looks over the East River. Catch the M79, M15, or M31 bus from multiple stations within a one block radius. PS 158 and JHS 167 are both a short walk away.
Other Property Data for 508 East 78th Street, New York
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Alternate Addresses
You will find all alternate addresses for the property in this section.
- 508-514 E 78th St, New York, NY 10075
- 516-522 E 78th St, New York, NY 10075
About 508 East 78th Street, New York
The Cherokee - 508 East 78th Street, New York, NY 10075 was built in 1911 and has a total of 98,580 square feet.
What is the assessed value of The Cherokee - 508 East 78th Street, New York, NY 10075 and the property tax paid?Assessed at $15,653,250, the tax amount paid for The Cherokee - 508 East 78th Street, New York, NY 10075 is $1,724,087. For the next year, the tax amount for The Cherokee - 508 East 78th Street, New York, NY 10075 is estimated at $1,656,026.
When was The Cherokee - 508 East 78th Street, New York, NY 10075 last sold and what was the last sale price?The Cherokee - 508 East 78th Street, New York, NY 10075 was last sold in 08/17/2004 for $268,000.
How many residential units does this building have?This building has 192 residential unit(s).
Ownership Information for 508 East 78th Street, New York
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Past Sales & Property History for 508 East 78th Street, New York
Create a free account to view the complete sales history for 508 East 78th Street, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.
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*Here are the three most recent sales for this property.
Title Documents for 508 East 78th Street, New York
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R: Recorded date
D: Document date
Property Taxes for 508 East 78th Street, New York
Access detailed property tax data for The Cherokee - The Cherokee - 508 East 78th Street, New York, NY 10075. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025-2026 |
| Property tax: | $1,575,884 |
| Estimated property tax: | $1,656,026 |
| Tax assessor's market value: | $34,785,000 |
| Assessed value: | $15,653,250 |
| Exemptions granted by city: | Register |
Assessment History for 508 East 78th Street, New York
Here's the assessment & property tax history for 508 East 78th Street, New York, including the evolution of the total tax rate and corresponding property tax.
| Year | Market value | Assessed value | Taxable | Tax rate % | Base tax | Property tax | Year over year change |
|---|---|---|---|---|---|---|---|
| 2025/26 | $34,785,000 | $15,653,250 | $13,860,340 | 12.439% | $1,733,179 | $1,575,250 | +2.88% |
| 2024/25 | $32,719,000 | $14,723,550 | $13,377,336 | 12.5% | $1,682,011 | $1,531,156 | +4.76% |
| 2023/24 | $30,794,000 | $13,857,300 | $12,782,132 | 12.502% | $1,607,930 | $1,461,569 | +5.84% |
| 2022/23 | $30,864,000 | $13,888,800 | $12,338,130 | 12.267% | $1,525,392 | $1,380,923 | +5.81% |
| 2021/22 | $29,024,000 | $13,060,800 | $11,750,985 | 12.235% | $1,449,500 | $1,305,137 | -9.68% |
Permits for 508 East 78th Street, New York
The complete history of permits filed for 508 East 78th Street, New York, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.
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Lenox Hill Residential Market Stats
Access a detailed real estate market overview of Lenox Hill so you can assess current trends, home values, types of properties sold and transaction volume.
View the median home sale price in Lenox Hill and compare it to other neighborhoods in Manhattan.
Check out recently sold homes in Manhattan and see how their prices compare.
Risk
| FEMA flood zone(s): | X (See more on map) |
| Hurricane evacuation zone: | 5 (See more on map) |
Transportation
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Distance to Subway
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| Closest station | 2nd Ave & 72nd St at SE Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | Q | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.444 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | York Av/E 79 St | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Line | M31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.081 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schools
Nearest elementary schools
| Name | Rating | Att. zoned | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|---|
| P.S. 158 Baylard Taylor | 9 | Yes | Public | PK, K-5 | 644 | 0.05 |
| P.S. 158 Baylard Taylor | 9 | Yes | Public | PK, K-5 | 644 | 0.05 |
| Lycee Francais De New York | NR | No | Private | PK-12 | 1,364 | 0.12 |
| Lycee Francais De New York | NR | No | Private | PK-12 | 1,364 | 0.12 |
| The Town School | NR | No | Private | PK-8 | 384 | 0.12 |
Nearest middle schools
| Name | Rating | Att. zoned | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|---|
| Jhs 167 Robert F Wagner | 8 | Yes | Public | 6-8 | 1,019 | 0.43 |
| YORKVILLE EAST MIDDLE SCHOOL | 9 | No | Public | 6-8 | 256 | 0.05 |
| Lycee Francais De New York | NR | No | Private | PK-12 | 1,364 | 0.12 |
| The Town School | NR | No | Private | PK-8 | 384 | 0.12 |
| St. Stephen of Hungary School | NR | No | Private | PK-8 | 365 | 0.26 |
Nearest high schools
| Name | Rating | Att. zoned | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|---|
| Lycee Francais De New York | NR | No | Private | PK-12 | 1,364 | 0.12 |
| Eleanor Roosevelt High School | 10 | No | Public | 9-12 | 541 | 0.17 |
| Rudolf Steiner Upper School | NR | No | Private | 7-12 | 0 | 0.27 |
| The Brearley School | NR | No | Private | K-12 | 748 | 0.29 |
| Brearley School | NR | No | Private | K-12 | 748 | 0.29 |
Data provided by GreatSchools.org © 2025. All rights reserved.
Neighbors for 508 East 78th Street, New York
Here are the neighbors for The Cherokee - The Cherokee - 508 East 78th Street, New York, NY 10075.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 527 E 78th St, New York | 44,364 | 05/24/2017 | $1,500,000 |
| 530 E 76th St, New York | 292,013 | ||
| 1472 York Ave, New York | 98,622 | 05/24/2017 | $1,500,000 |
| 503 E 78th St, New York | 47,574 | 05/24/2017 | $1,500,000 |
| 1458 York Ave, New York | 102,068 | ||
| 500 E 77th St, New York | 257,247 | 08/01/1994 | |
| 520 E 76th St, New York | 81,000 | 11/23/2015 | $425,000 |
| 542 E 79th St, New York | 54,792 | 05/24/2017 | $1,500,000 |
| 536 E 79th St, New York | 44,952 | 05/24/2017 | $1,500,000 |
| 1420 York Ave, New York | 57,785 | ||
| 519 E 78th St, New York | 44,764 | 05/24/2017 | $1,500,000 |
| 535 E 78th St, New York | 44,364 | 05/24/2017 | $1,500,000 |
| 524 E 79th St, New York | 44,364 | 05/24/2017 | $1,500,000 |
| 519 E 76th St, New York | 258,394 | 08/01/1994 | |
| 525 E 75th St, New York | |||
| 511 E 78th St, New York | 44,364 | 05/24/2017 | $1,500,000 |
| 516 E 79th St, New York | 44,364 | 05/24/2017 | $1,500,000 |
| 509 E 77th St, New York | 98,580 | 05/29/1987 | |
| 1428 York Ave, New York | 10,630 | 04/16/1998 | |
| 540 E 76th St, New York | 60,981 | 01/27/1987 |