$4,798,000
$197K PRICE DROP

Estimated payment $28,442/month

Total Views 22,130
5 Beds
4 Baths
4,000 Sq Ft
$1,200 Price per Sq Ft

Highlights

  • Central Air
  • P.S. 116 Mary Lindley Murray Rated A-
  • 5-minute walk to Grand Central-42 Street

About This Home

Welcome to 131 East 38th Street - A Townhouse of Endless Possibility

In the heart of Murray Hill, nestled on a quiet, tree-lined street minutes from Grand Central, stands a townhouse that tells a story of timeless character and modern potential. 131 East 38th Street is more than a property-it's a canvas for your vision, a residence where life, work, and inspiration converge.

From the moment you arrive, the home's stately brick facade and classic architecture speak to a bygone era of craftsmanship and grace. Step inside, and you're greeted by nearly 4,000 square feet of space that feels both grand and intimate, where original details-hardwood floors, intricate moldings, soaring ceilings-offer a rich backdrop for whatever future you imagine.

Today, the home functions as a single-family residence with a thriving dental practice on the garden level-a setup that quietly generates substantial income without disrupting the tranquility of the home above. It's a rare hybrid: a sanctuary that pays dividends, a space that supports both personal dreams and professional ambitions.

As you explore its five floors, you'll find five spacious bedrooms, four full bathrooms, and an array of flexible rooms perfect for offices, studios, or creative retreats. Whether you dream of hosting elegant dinners in the parlor or unwinding in a sunlit reading nook, the layout adapts effortlessly to your lifestyle.

Step outside, and you're in one of Manhattan's rarest luxuries: a landscaped garden, tucked away from the city's pulse yet close enough to feel its energy. A second-story balcony overlooks this green escape, offering a perfect morning coffee perch or sunset retreat.

The home's versatility is perhaps its most exciting feature. Reimagine it as a luxurious single-family residence, continue the live/work model, or explore a fresh configuration altogether-the structure, zoning, and location support countless possibilities. Opportunity for "no expenses" derived from substantial income from ground floor professional office w single tenant and flexible terms.

And then, there's the location. Just a short distance from the United Nations, Bryant Park, and the cultural heartbeat of Midtown, 131 East 38th offers immediate access to the best of New York. Yet when you return home, the city melts away behind the townhouse's historic doors.

This is more than a place to live-it's a rare opportunity to build a life exactly as you envision it. With income potential, architectural charm, and an unbeatable address, 131 East 38th Street is where your next chapter begins.

3 outdoor spaces, rooftop, ground patio + backyard, balcony.

Schedule your private showing today with the listing brokers, and imagine the story you'll write here.

Listing Agent

Mark D. Friedman

Brown Harris Stevens Residential Sales LLC License #40FR0858964 Listed on: 07/28/2025

Brown Harris Stevens Residential Sales LLC

Co-Listing Agent

Richard Rosenthal

Brown Harris Stevens Residential Sales LLC License #40RO0989673

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $45,000

Year Built

  • Built in 1901

Lot Details

  • 1,900 Sq Ft Lot
  • Lot Dimensions are 100.00x19.00

Home Design

  • 4,000 Sq Ft Home
  • Entry on the 1st floor

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • Central Air

Additional Features

  • Basement

Community Details

  • Murray Hill Subdivision
  • 5-Story Property

Listing and Financial Details

  • Legal Lot and Block 0028 / 00894

Home Details

Home Type

Single Family

Est. Annual Taxes

$45,000

Year Built

Built in 1901

Lot Details

1,900 Sq Ft Lot

Listing Details

  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Murray Hill
  • Architectural Style: Walk-Up
  • Entry Level: 1
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 5

Interior Features

  • Interior Features: Smoke Free
  • Fireplace: No
  • Living Area: 4000.0
  • Living Area Units: Square Feet
  • Basement: Yes
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Bathrooms Integer: 3
  • Bedrooms: 5

Exterior Features

  • View: Other
  • View: No
  • Exterior Features: Private Outdoor Space Over 60 Sqft
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Other
  • Green Building Features: Green Building
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 1900.0
  • Lot Size Dimensions: 100.00x19.00

Rental Info

  • Land Lease: No

Building Info

  • New Construction: No
  • Units: 1
  • Total Stories: 5
  • Year Built: 1901

Tax Info

  • Tax Block: 00894
  • Tax Lot: 0028
  • Tax Annual: 45000.0

Multi Family

  • Building Area Units: Square Feet

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $44,914 $237,037 $143,899 $93,138
2024 $44,914 $223,620 $154,440 $38,830
2023 $51,264 $252,420 $154,440 $97,980
2022 $50,866 $267,720 $154,440 $113,280
2021 $53,623 $287,700 $154,440 $133,260
2020 $52,108 $310,380 $154,440 $155,940
2019 $48,583 $303,000 $154,440 $148,560
2018 $45,881 $225,074 $77,639 $147,435
2017 $43,285 $212,336 $79,337 $132,999
2016 $42,448 $212,336 $107,104 $105,232
2015 $24,160 $205,147 $132,892 $72,255
2014 $24,160 $193,536 $150,452 $43,084
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/30/2025 12/30/25 Price Changed $4,798,000 -3.9% $1,200 / Sq Ft
07/28/2025 07/28/25 For Sale $4,995,000 +166455.5% $1,249 / Sq Ft
12/04/2024 12/04/24 Sold $2,999 -99.9% $1 / Sq Ft View Prior Sale
10/31/2024 10/31/24 Price Changed $4,950,000 -2.9% $1,165 / Sq Ft
09/09/2024 09/09/24 For Sale $5,100,000 -- $1,200 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Purchase History

Date Type Sale Price Title Company
Deed $2,800,000 --
Deed $2,800,000 --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Commonwealth Land Title Ins
Interfamily Deed Transfer -- Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $0 No Value Available
Source: Public Records

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS20039564

Real Estate Board of New York (REBNY)

APN: 0894-0028

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