Arcadia

408 East 79th Street At 1st Avenue
PRICING INFORMATION FOR Arcadia
Two Bedrooms from $1,499,000 (updated February 8, 2012)

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Arcadia - 408 East 79th Street: CARTER'S REVIEW


Air-rights transfers - the exchange of unused development rights from one property to another – are not unusual in New York City, but they are seldom used to build directly above the other property. Usually the properties are adjacent lots that may be legally merged for new construction on the combined lot.

This 20-story condominium apartment building, however, has used the air-rights from the low-rise apartment building with fire escapes, immediately to its east, to cantilever part of its bulk over that building, a rare phenomenon in the city.

The building has a doorman, a concierge, a health club, a children’s playroom, a library, a screening room, wine cellar, and storage, and is pet-friendly.

Construction on the new building began in 2004. It is cantilevered at its seventh floor on its east side. The building, which has 84 units, has a setback above its 13th floor. The developer of this building is Jelee LLC.

Costas Kondylis was the architect.

The building is across the street from a newsstand and Saint Monica s Catholic Church, and it is on the former site of Phillips auction house. It is adjacent to a slightly taller, but setback, apartment tower on the southeast corner, at First Avenue.

This location is not convenient to subways, but there is good bus service on 79th Street and York Avenues, and there is an downtown entrance to the FDR Drive, at the east end of 79th Street.

Carl Schurz Park and a couple of the city’s top schools for girls are a few blocks away to the east and north.



BUILDING SUMMARY
  • Condominium
  • Built in 2004
  • Located in Lenox Hill
  • 84 apartments
  • 20 floors
  • Approx. avg. price per sq ft: $1,143
  • Approx. price per sq ft range:
    $1,023 - $1,261
FEATURES & AMENITIES
  • FT Doorman
  • Hi Rise
  • Post War
  • Central AC
  • Elevator
  • Event Room
  • Children's Playroom
  • Lounge
  • Fitness Center
PROS & CONS
PROS
  • Not far from Carl Schurz Park
  • Library
  • Health club
  • Wine cellar
  • Storage
  • Doorman
  • Concierge
  • Screening room
  • Good cross-town bus service

CONS
  • No balconies
  • No sidewalk landscaping
  • No roof deck
  • Not close to subways

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All data is deemed reliable but is not guaranteed accurate by the REBNY / RLS or CityRealty. See Terms of Service for additional restrictions. All information furnished regarding New York City property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer. The number of bedrooms listed on this website is not a legal conclusion. Each person should consult with his/her own attorney, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom.