Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
28 W 38TH Street #PHW
Interested in this property?
Active For Sale Co-op

$4,900,000

$1,581 per sq ft

28 W 38TH Street #PHW

Midtown, Manhattan

The Wheeler Building

MLS® #RLS20095657

RLS at REBNY

Listing by Brown Harris Stevens Residential Sales LLC

2

Bedrooms

2.5

Baths

3,100

Sq. Ft.

1910

Year Built

Quick Summary

Bedrooms 2
Bathrooms 3 full, 1 half
Living Area 3,100 sq ft
Year Built 1910
Ownership Co-op
Maintenance $3,943/mo
Neighborhood Midtown
Floor 12 of 12

Property Highlights

  • Views: City Lights, City
  • Exposure: North,South,West facing
  • Outdoor Space: Terrace, Wrap Around

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 7
Baths 2 Full, 1 Half
Floor 12 of 12
View City Lights, City
Exposure North,South,West
Cooling Other
Pets Yes
Year Built 1910
Living Area 3,100 sq ft
Architectural Style Loft
Basement Other
Block/Lot 00839/0063

Listing History

Event Date Price Change
Listed Jun 4, 2026 $4,900,000 -
Currently Jun 4, 2026 $4,900,000 -

Description

Moments from Fifth Avenue and Bryant Park, this approximately 3,100-square-foot, two-bedroom, two-and-a-half-bath duplex home combines the privacy, industrial texture, and outdoor space of a downtown loft with the convenience of central Midtown.

Originally a manufacturing space, the home features a Workshop/APD renovation that preserves its industrial character while shaping it into a warm, highly functional home for daily life. Across two light-filled levels, oversized picture windows and north, south and west exposures keep the interiors open and bright. Aged smoked Chambord oak floors, satin glass, dark patina steel, and custom lighting give the home its distinctive balance of warmth, edge, and architectural restraint.

The lower level is reserved for retreat. The primary suite includes a large dressing room, a bedroom anchored by a stone-framed gas fireplace, and a distinctive bath finished with split-faced diamond grey limestone, teak flooring, dark chocolate stainless steel, and custom acid-etched glass partitions and shower enclosures.

The second bedroom suite adds generous proportions, strong natural light, and a crisp, skylit bath where warm teak flooring, frosted glass, and clean architectural lines create a calm, spa-like feel.

Upstairs, the mood opens. A floating staircase leads to a full living and dining level with a wood-burning fireplace and a windowed chef's kitchen appointed with Sub-Zero, Viking, and Miele appliances, along with Caesarstone countertops. Integrated Lutron lighting, multi-room surround sound, and radiant heat add comfort, control, and ease throughout the home.

Outside, the loft reveals one of its strongest advantages. A landscaped deck with surround sound and a gas grill creates an easy setting for evenings above the city, while a metal and ipe staircase leads to an additional roof terrace with sweeping Manhattan skyline views and a direct view of the Empire State Building.

With its scale, Workshop/APD renovation, manufacturing history, two-level layout, three exposures, two private bedroom suites, and private outdoor space, this is not a conventional Midtown apartment. It has the texture and individuality of a downtown loft, with Fifth Avenue and Bryant Park just moments away.

26-28 West 38th Street is a 12-story, 30-unit co-op with video security and an on-site full-time superintendent. Pets are permitted. A capital assessment of $500.50 per month is currently in place, and there is a 1.5% flip tax payable by the seller. A freight elevator upgrade is planned, funded from building reserves.

Features & Amenities

Interior Features

High Ceilings Walk In Closets Building Other Washer Hookup In Unit Fireplace (1)

Exterior Features

Private Outdoor Space Under60 Sqft Terrace Wrap Around

Building Amenities

Elevators

Appliances

Dishwasher Washer Dryer Allowed

Building Information

Financial Details

Maintenance $3,943/mo

Midtown Manhattan is the city's primary commercial and transit hub, home to Grand Central Terminal, Rockefeller Center, Bryant Park, and the Empire State Building. The residential market features luxury condo towers, classic pre-war cooperatives, and postwar doorman buildings served by nearly every subway line in the system. Properties range from high-floor units with skyline panoramas to well-maintained co-ops along the tree-lined side streets east and west of Fifth Avenue.

Midtown Live Market Data

View Neighborhood

Active Listings

225

Median Asking Price

$1.99M

Median $/Sqft

$1,702

Avg Days on Market

N/A

New This Week

3

Price Reduced

36%

Sold (30 Days)

19

Median Sale Price

$1.67M

Live data from RLS at REBNY • Updated 6/4/26, 3:49 PM EST

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Location

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28 W 38TH Street #PHW, Midtown, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1910
Year Built
116 years old
2
Floors
2
Residential Units
R5B
Zoning District
Two Family Dwellings

Tax & Assessment

Assessed Value: $75,960
Land Value: $15,960
Exemptions: $1,420

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 2,503 SF
Building Area: 1,548 SF
Built FAR: 0.62
Allowed FAR: 1.5

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed monthly maintenance are $3,943 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 2 bedrooms and 2 full bathrooms and 1 half bathroom.

The listed interior living area is 3,100 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1910, making it approximately 116 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pets are permitted at this property: Pets Allowed,Building Pets Allowed Comments:Pets Allowed. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $4,900,000 for 3,100 sq ft, the asking price per square foot is approximately $1,581. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20095657
First Listed: 6/4/2026
On Market: 6/4/2026
Price Changed: 6/4/2026
Contract Date: 6/4/2026

Listing Courtesy of Brown Harris Stevens Residential Sales LLC - Raphael E DeNiro

Listing Contact: 212-381-3344

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 6/4/2026 at 7:49 PM UTC

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