Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,570,000

· Closed July 26, 2024

28 W 38TH Street #3E
Closed For Sale Co-op

$1,570,000

$785 per sq ft

28 W 38TH Street #3E

Midtown, Manhattan

THE WHEELER BUILDIN

MLS® #RLS10961929

RLS at REBNY

Listing by Douglas Elliman Real Estate

3

Bedrooms

2

Baths

2,000

Sq. Ft.

1910

Year Built

Quick Summary

Bedrooms 3
Bathrooms 2
Living Area 2,000 sq ft
Year Built 1910
Ownership Co-op
Maintenance $2,908/mo
Neighborhood Midtown
Floor 3 of 12

Property Highlights

  • Exposure: North,South facing
  • Style: Loft architecture
  • Character: Pre-war building (1910)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 5
Baths 2 Full
Floor 3 of 12
Exposure North,South
Pets Yes
Year Built 1910
Living Area 2,000 sq ft
Architectural Style Loft
Basement Other
Parcel # 0839-0063-00028-000-000003E
Block/Lot 00839/0063

Listing History

Event Date Price Change
Listed Sep 5, 2023 $1,699,000 -
Price Reduced Jul 26, 2024 $1,650,000 -2.9%
Currently May 8, 2026 $1,570,000 -4.8%

Description

Timeless MIDTOWN Loft in the Glamorous Garment District is now offered for Sale!

Home to world-renowned, award-winning husband & wife designers and their family! This classic work/live loft is approximately 2000sf, sunny and quiet with huge, original wood windows (the middle window is a 8x8' pivoting beauty), and soaring high ceilings. Currently set up as an enormous open living, office, dining and kitchen space occupying the front half of the loft and 2 bedrooms + Home Office/3rd bedroom, and 2 full bathrooms, occupying the back half of the loft. The stylish Eat-in kitchen features a Farmers sink and high-end stainless steel appliances: a Viking Fridge, a Wolf Stove and a Bosch Dishwasher. One completely brand NEW renovated bathroom equipped with a porcelain bathtub, 2 drawer vanity & sink top, mirrored and lighted medicine cabinet and a brand new toilet, ALL surrounded in Pure White subway tiles. The second bathroom, offers navy blue mosaic floors, white tile walls and Grohe fixtures. There are beautiful original hardwood floors throughout, stylish ceiling fans in each room, A full size Bosch Washer/Dryer and an abundant amount of storage.

The Wheeler Building was built in 1910 and is a high-end beautiful boutique property with only two apartments per floor, secured entrance with key-fob locked elevators and a fabulous super from 9-4. This well established coop has excellent financials, creative and interesting shareholders which helps keep the maintenance low.

It's centrally located, just a stone's throw from the new high-end condo developments on Fifth Avenue, as well as the historic Lord & Taylor department store, Now home to Amazon new offices, and of course the iconic New York Public Library & Bryant Park. Walking distance to almost all NYC subway lines, Penn Station and the Grand Central Stations, as well as great restaurants like Michelin listed Tonchin, Sechuan Gourmet, Cho Dang Gol and Daniel Bouloud's Le Pavillion. This kind of value, with this kind of potential, is very hard to find!
Call me today to book your private appointment!
please note: current assessment in place of $386.75 per month.


Features & Amenities

Interior Features

Smoke Free Building Washer Dryer Install Allowed Building Other Washer Hookup In Unit

Exterior Features

None

Appliances

Washer Dryer Allowed

Building Information

Financial Details

Maintenance $2,908/mo
Original Price $1,699,000
Sale Price $1,570,000
Previous Price $1,650,000

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

203

Median Asking Price

$1.97M

Median $/Sqft

$1,694

Avg Days on Market

N/A

New This Week

3

Price Reduced

30%

Sold (30 Days)

20

Median Sale Price

$2.17M

Live data from RLS at REBNY • Updated 5/8/26, 2:12 AM EST

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Location

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28 W 38TH Street #3E, 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 $2,908 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 3 bedrooms and 2 full bathrooms.

The listed interior living area is 2,000 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 $1,570,000 for 2,000 sq ft, the asking price per square foot is approximately $785. 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: RLS10961929
First Listed: 9/5/2023
On Market: 9/5/2023
Price Changed: 7/26/2024
Closed: 7/26/2024
Contract Date: 9/5/2023

Listing Courtesy of Douglas Elliman Real Estate - Rinat Gabai

Listing Contact: (917) 750-0676

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 5/8/2026 at 6:12 AM UTC

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