131 E 38th St New York, NY 10016
Murray Hill NeighborhoodEstimated payment $28,442/month
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
Brown Harris Stevens Residential Sales LLC License #40FR0858964 Listed on: 07/28/2025
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 |
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 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $0 | No Value Available |
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS20039564
APN: 0894-0028
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Ask me questions while you tour the home.