338 East 78th Street is a charming prewar brownstone built in 1910, situated between First and Second Avenues on Manhattan's Upper East Side. This intimate self-managed cooperative consists of eight owner-occupied units, featuring period details like wood-burning fireplaces, high ceilings, and hardwood floors throughout.
The building maintains a well-structured financial policy requiring 30% down payment, with 70% financing permitted. Residents enjoy amenities including a basement laundry facility and video intercom system. The co-op allows pied-à-terres and has a specific sublet policy permitting rentals after five years of ownership, with only one unit allowed to be sublet at any time.
Many units in the building feature distinctive architectural elements such as exposed brick walls, private outdoor spaces, and thoughtfully designed layouts. The building's maintenance costs are kept relatively low due to its self-managed status, and pets are considered on a case-by-case basis.
The location offers excellent accessibility to public transportation, with the Q train at 72nd Street and the 6 train at 77th Street and Lexington Avenue nearby. The neighborhood is rich with amenities, including notable establishments like Agata and Valentina, Butterfly Bake Shop, and Quality Eats, while recreational spaces such as John Jay Park, its pool, and the East River Promenade are within walking distance.
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For some co-ops, instead of price per square foot, we use an estimate of the number of rooms for each sold apartment to chart price changes over time. This is because many co-op listings do not include square footage information, and this makes it challenging to calculate accurate square-foot averages.
By displaying the price per estimated room count, we are able to provide a more reliable and consistent metric for comparing sales in the building. While we hope that this gives you a clearer sense of price trends in the building, all data should be independently verified. All data provided are only estimates and should not be used to make any purchase or sale decision.