- Year built
- 2005
- Type
- Condominium
- Units
- 46
- Floors
- 20
- Pets
- Pets permitted
- Financing
- Condominium — flexible (verify current terms)
Every recorded sale at this building, 2004–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,346
- Listing discount
- 3.6%
- Recorded sales
- 139
- On record
- 2004–2026
408 East 79th Street — The Arcadia — is a 2005 ground-up luxury condominium by Costas Kondylis with one of the deeper amenity programs on the far-eastern Upper East Side. Built on the former site of the Phillips auction house, it delivers new-construction finishes, condominium flexibility, and a full amenity suite — spa, screening room, residents' lounge, and children's playroom — in a corridor where most of the ownership stock is older co-op product.
The building's defining feature is new-construction quality plus a genuine amenity deck. Kondylis, one of New York's most prolific residential architects, delivered high ceilings, floor-to-ceiling glass, and premium kitchen and bath finishes, wrapped in a white-glove service package. For buyers who want turnkey, low-maintenance modern living with condominium latitude — financing flexibility, permissive use, and no co-op board gauntlet — The Arcadia is a structural answer in a neighborhood that otherwise offers little of it.
Its amenity depth stands out for a building of its size. A renovated fitness center with a separate yoga/ballet studio, a private spa and massage room, a screening room, a library, a residents' lounge with a catering kitchen, and a children's playroom give the building a lifestyle-and-family appeal that punches above its unit count.
Architecture and unit composition
The Arcadia is a contemporary luxury condominium of roughly 20–21 stories designed by Costas Kondylis and completed in 2005 as ground-up new construction on the former Phillips auction house site. Apartments feature high ceilings (cited in the 9-to-11-foot range), premium appliance packages (Sub-Zero, Wolf, Miele), custom built-ins, and in-unit washer/dryers — a modern, turnkey interior program.
The apartment mix runs from one-bedrooms through larger units and penthouses, with penthouse combinations at the top of the building. Source records differ on the exact unit and floor count; the figures should be confirmed against the offering plan at offer stage.
Building operations
The Arcadia operates as a full-service luxury condominium with a 24-hour doorman and concierge, elevator, a renovated fitness center with a separate yoga/ballet studio, a private spa/massage room, a screening room, a library, a residents' lounge with a catering kitchen (party room), a children's playroom, a bike room, and storage. Laundry is handled in-unit rather than by a common room. Parking is available at a garage across the street rather than in-building.
As a condominium, the building offers standard condo flexibility on financing, subletting, and pied-à-terre and investment ownership; the specific board policies were not confirmed in accessible sources and should be verified against the offering plan and managing agent at offer stage.
Recent sales
The Arcadia trades as a new-construction luxury Upper East Side condominium, with value expressed on a per-square-foot basis. Recent building activity has run in the range of roughly $1,500–$1,600 per square foot on average, with mid-floor units generally in the mid-single-digit millions and penthouse combinations reaching materially higher. The building's new-construction quality, amenity depth, and condominium flexibility support pricing at a premium to older co-op product in the same corridor. Per-square-foot value is best read within a unit's specific floor, exposure, and configuration rather than a single building average.
Recent closings at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| May 21, 2026 | 3B | 1 BR · 1.5 BA · 800 sf | $995,000 | $1,244/sf | -5.2% |
| Dec 19, 2025 | 7AD | 3 BR · 2.5 BA · 2,300 sf | $3,350,000 | $1,457/sf | +1.5% |
| Oct 17, 2025 | 8B | 3 BR · 3 BA · 1,858 sf | $2,700,000 | $1,453/sf | -9.8% |
| Jul 30, 2025 | 17 | 4 BR · 5 BA · 3,836 sf | $5,800,000 | $1,512/sf | off-mkt |
| Jul 29, 2025 | 17A | 3 BR · 1,875 sf | $5,600,000 | $2,987/sf | off-mkt |
| Jul 14, 2025 | 19A | 2 BR · 2.5 BA · 1,685 sf | $2,340,000 | $1,389/sf | -2.5% |
| Feb 13, 2025 | 15A | 4 BR · 5 BA · 3,170 sf | $5,300,000 | $1,672/sf | -3.5% |
| Sep 27, 2024 | 3B | 1 BR · 1.5 BA · 800 sf | $1,000,000 | $1,250/sf | -14.9% |
Market read. Most recent trades (2026) cleared a median $1,346/sf across 1 sale. Median listing discount 3.6% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01473-7504) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
What to know if you’re buying
New-construction quality plus amenity depth. 2005 Kondylis construction with spa, screening room, lounge, and playroom — an uncommon package for the corridor.
Condominium flexibility. Financing latitude, permissive use, and no co-op board gauntlet — verify the specific terms at offer stage.
Note the parking arrangement. Parking is at a garage across the street rather than in-building; confirm current options if it matters.
Confirm the unit and floor count. Source records vary; verify against the offering plan.
Model the full monthly carry. Common charges plus property taxes plus utilities at a full-amenity condominium are material.
What to know if you’re selling
Lead with new construction and amenities. 2005 quality, floor-to-ceiling glass, and the full amenity deck are the marketing story against older corridor product.
Reach the flexibility buyer. Pied-à-terre, investment, and international buyers value the condo structure and turnkey finishes.
Price against the closest match. Floor, exposure, and configuration drive per-square-foot variation; penthouses price on their own terms.
Closings are condo-fast. Condominium transactions move on a shorter timeline than the surrounding co-ops.
Comparable buildings
If you're considering 408 East 79th, also evaluate:
- 400 East 84th Street — nearby Yorkville building
- 422 East 72nd Street — nearby full-service UES condominium
- 450 East 83rd Street — nearby Yorkville building
- 525 East 82nd Street (The Mansion House) — nearby Yorkville cooperative
The Roebling Team at The Arcadia
The Roebling Team at Compass specializes in Central Park West, the Upper East Side, and the broader Park-facing Manhattan market. We publish this building profile because condominium buyers and sellers deserve building-specific intelligence — architecture, operational reality, transactional mechanics, and apartment-level pricing context — not generic market commentary.
If you're considering a purchase or sale at 408 East 79th, a 30-minute consultation is the right starting point. We'll bring the full context this page provides plus the transactional specifics your situation requires — financial structuring, due diligence priorities, comparable analysis at the apartment level, and the pacing that fits your timeline.
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Upper East Side — read The Roebling Team Guide to Upper East Side.
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