The Real Deal New York

New Condos: Upper East Side
151 East 78th Street

July 10, 2014 01:24PM

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72296087The Spruce Capital Partners-developed, 16-story condominium at 151 East 78th Street is one of the newest additions to the luxury market on the Upper East Side. Architecture and interiors for the newly construction were designed by renowned architect and Upper East Side native, Peter Pennoyer. The building will house 14 residences, including three penthouses. Sales for the first units released launched in May. At press time, just the three penthouses remained on the market. The smallest penthouse, a 3,381 square-foot three-bedroom, was listed at $10.85 million. Prices for the remaining two penthouses ranged from $27.5 million for a 6,924 square-foot six-bedroom to $29.5 million for a 6,975 square-foot seven-bedroom. The highest price tag exceeds the $29 million total that developer Spruce Capital Partners paid for the property in 2012. Residents will enjoy the service of a 24-hour doorman and live-in manager, as well as a landscaped garden, library, private storage, a bike room, a gym and a nearby yoga studio. Contact www.151e78.com or 212-390-1878.

NAME151 East 78th StreetPRICE RANGEFrom $10,850,000 to $29,500,000
ADDRESS151 East 78th StreetSIZE RANGEFrom 3,381 Sq Ft to 6,975 Sq Ft
TYPENew BuildingAVG PPSF$3,803
TOTAL UNITS14TAX ABATEMENTNo
DEVELOPERSpruce Capital PartnersAVG COMMON CHARGE$1.34/sf
BROKERStriblingFINISHED BY2014
Source: Streeteasy, BuzzBuzzHome, TRD, news reports. Data as of early July. List primarily includes Manhattan condo projects that have started sales since Jan. 1, 2010 that have units on market. Projects that started sales since Jan. 1, 2010 that subsequently sold out, have all units in contract or don’t currently have any listings on the market were excluded in most cases. “Price range,” “Size range,” “Avg PPSF (Price Per Square Foot)” and “Common Charge” refer to units currently for sale.
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