Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $2,999

Listed at $4,950,000 · Sold 99.9% below asking · Closed December 4, 2024

131 E 38th Street
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Closed For Sale Multi Family

$4,950,000

$1,165 per sq ft

131 E 38th Street

Murray Hill, Manhattan

MLS® #RLS11012973

RLS at REBNY

Listing by EXP Realty NYC

Studio

0

Bath

4,250

Sq. Ft.

1901

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 0
Living Area 4,250 sq ft
Lot Size 1,881 sq ft
Year Built 1901
Ownership None
Property Taxes $45,000/yr
Neighborhood Murray Hill

Property Highlights

  • Views: City
  • Outdoor Space: Balcony, Rooftop
  • Style: Prewar,WalkUp architecture

Property Details

Type Multi Family
Ownership None
Baths 0 Full
View City
Cooling Central Air
Pets Yes
Cross Street Park Avenue/Lexington Avenue
Year Built 1901
Living Area 4,250 sq ft
Architectural Style Prewar,WalkUp
Lot Size 1,881 sq ft
Parcel # 0894-0028
Block/Lot 894/28

Description

Discover an extraordinary opportunity in Midtown Manhattan with this 5-story, 5-bedroom, 3.5-bathroom townhome, perfectly positioned near Grand Central Station and the United Nations. This meticulously renovated residence combines luxury living with impressive income potential. The main home features a stunning glass-enclosed dining room, a sunroom, and a pool deck with views of Chrysler Building for an inflatable pool or hot tub. The parlor level connects to a landscaped backyard and a private balcony, offering a serene retreat. A spacious walk-in closet and multiple office spaces add to the home's versatility, making it ideal for modern living. On the garden level, a successful dental practice generates $15,000 per month, providing a significant income stream. This townhome is the perfect blend of sophisticated city living and smart investment.

Features & Amenities

Interior Features

See Remarks

Exterior Features

Balcony Balcony Rooftop

Building Information

Stories 5
Style Prewar,WalkUp

Financial Details

RE Taxes $45,000/yr ($3,750/mo)
Original Price $5,100,000
Sale Price $2,999
Previous Price $5,100,000

Murray Hill offers a central Manhattan location with a surprisingly neighborhood-like feel. Known for its historic 'Sniffen Court' and a mix of mid-century high-rises and 19th-century townhouses, it is a popular choice for professionals seeking proximity to Grand Central and Midtown. The neighborhood is particularly well-regarded for offering a wide range of price points, from entry-level studio cooperatives to expansive luxury penthouses.

Murray Hill Live Market Data

View Neighborhood

Active Listings

229

Median Asking Price

$838K

Median $/Sqft

$1,224

Avg Days on Market

N/A

New This Week

23

Price Reduced

26%

Sold (30 Days)

23

Median Sale Price

$750K

Live data from RLS at REBNY • Updated 3/24/26, 6:42 AM EST

Similar Listings in Murray Hill

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Location

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131 E 38th Street, Murray Hill, New York County • Near Park Avenue/Lexington Avenue

Floor Plans

Floor Plan
MLS® ID: RLS11012973
First Listed: 10/1/2024
On Market: 9/9/2024
Price Changed: 10/31/2024
Closed: 12/4/2024
Contract Date: 9/9/2024

Listing Courtesy of EXP Realty NYC - Joshua Carter

Listing Contact: (718) 594-3425

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 3/24/2026 at 10:42 AM UTC

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