The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$3,150,000
40 E 78th St Unit 5E
Manhattan, NY, 10075
View more Manhattan, NY property pages2Beds
2Baths
1,300Sqft
$2423$/sqft
Market Insights
Above nearby median+58%
$2423/sqft vs a nearby median of $1534/sqft.
Nearby median$1534/sqft
Nearby properties12
Property size1,300 sqft
- +58% versus the nearby median price per square foot.
- 2 price records are available for this property.
- 1,300 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$2.43M$2.19M – $2.67M · 42% confidence
vs ask $3.15M+$720k (+22.9%)
Asking price is about 22.9% above where comps + adjustments land — there is room to negotiate.
$1,824/sqft median across 5 tight comps × 1,300 sqft= $2.37M
- Transit access+$59k +2.5%
Cumulative NYC adjustments+$59k+2.5%
Property Read
The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.
Recorded price cuts can create room for negotiation, but the latest ask still needs to be compared against true comps.
Diligence Read2 items to check
AI ReadinessReady to analyze
Assistant read
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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.
Listing Details
- Days on market
- 21 days
- Last price change
- Down $100,000 (3.1%)
- Listed
- Apr 21, 2026
- Photos
- 24 photos
- Property type
- condos
- Status
- for sale
Photos
Building Facts
- Year built
- 1958
- Stories
- 16
- Total units
- 123
- Residential units
- 111
- Building area
- 4.43 ac
- Lot size
- 17,265 sqft
- Land use
- Multi-family elevator buildings
- Building class
- R4
From NYC public records where available.
Price History
May 11, 2026diff
$3,150,000for sale
May 4, 2026Initial record
$3,250,000for sale