NOT LISTED FOR SALE

Estimated Value: $1,678,000 - $4,356,000

3 Beds
3 Baths
2,490 Sq Ft
$1,360/Sq Ft Est. Value

Last Sold July 10, 2017

Last sale price $3,850,000 $1,546 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $20,684/month

232 Days on Market

Highlights

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

About This Home

As of July 2017

BEST TOWNHOUSE DEAL IN MANHATTAN.

Price $4.25 million, monthlies a stunningly low $1,658 total per month.

Presenting the only fully renovated, brand new construction, twenty-foot wide townhouse in Manhattan under $4.3 million. 132 East 38th Street, a Second Empire style, landmarked home, has been completely rebuilt and reimagined for the modern purchaser. Staying true to history, the home retains original details, such as wall and ceiling ornaments. It has however been entirely renovated, now a three bedroom, three-and-a-half bath contemporary home. Greeted by a white stucco façade with newly updated black shutters, enter onto the parlor level to be greeted by high ceilings and a well-proportioned foyer. The first floor features a gracious dining space off of the brand new kitchen, featuring marble countertops and a Viking induction stovetop, wine refrigerator, Sub Zero fridge, and Viking dishwasher and microwave. On this level is also ample storage in closets and a powder room.The second level is the living and entertaining area, complete with a wall of built-ins, a home office, a home bar, and ethanol-burning fireplace. The third story is a full floor master suite, with enormous California Style walk-in closet built by Closet Factory and en-suite spa-like master bath. Rounding out the home are two top-floor guest or children's bedrooms, sharing a full bath.The home boasts a 400 square-foot rooftop terrace with stunning views of the Empire State Building. Additionally, a fully built out and usable basement is included, with washer/dryer, full bathroom, and recreational space.With completely updated electrical and six zones of heating/cooling, in addition to brand new piping and boiler system, this special home is delivered entirely turnkey. A large, 200 square foot storage space is included separate from the home under the sidewalk. 132 East 38th Street is located between Lexington and Park Avenues, steps from some of the top restaurants in all of New York City, landmarks such as the Morgan Library and Empire State Building, and a very short distance from the United Nations and Grand Central Station. Central location, culture, shopping, and value make this property truly unmissable!

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,571

Year Built

  • Built in 1869

Lot Details

  • 479

Home Design

  • Pre War Building

Interior Spaces

  • 2,490 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Community Details

  • Murray Subdivision

Listing and Financial Details

  • Tax Block 893

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,571

Year Built

Built in 1869

Lot Details

0

Listing Details

  • Cross Street: Lexington & Park Avenues
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: MURRAY
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 4

Interior Features

  • Living Area: 2490.0
  • Living Area Units: Square Feet

Beds/Baths

  • Bathrooms Integer: 3
  • Bedrooms: 3

Exterior Features

  • Patio/Porch Features: Rooftop

Utilities

  • Heating: Building Natural Gas

Building Info

  • Units: 1
  • Total Stories: 4
  • Year Built: 1869

Tax Info

  • Tax Block: 893

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2016
Closed on
Jul 10, 2017
Sold by
Waterbury @38Th Street Llc
Bought by
Salik Boaz
List Price
$4,695,000
Sold Price
$3,850,000
Premium/Discount to List
-$845,000
-18%
Current Estimated Value
$3,385,230

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$464,770
Avg. Annual Appreciation
-0.69%

Purchase Details

Closed on
Apr 8, 2016
Sold by
Dedalo S R L
Bought by
Waterbury @38Th Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
3.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 14, 2011
Sold by
One Pleasant Street Llc
Bought by
Dedalo S R L

Purchase Details

Closed on
Jan 10, 2001
Sold by
Slides Inc
Bought by
One Pleasant Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
8%

Purchase Details

Closed on
Feb 1, 1997
Sold by
Colligan James J and Hendry Tiffany
Bought by
Slides Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Salik Boaz $3,850,000 --
Waterbury @38Th Street Llc $2,765,000 --
Dedalo S R L $2,300,000 --
One Pleasant Street Llc $1,220,000 Ticor Title Guarantee Compan
Colligan James J -- The Title Guarantee Company
Slides Inc -- The Title Guarantee Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Waterbury @38Th Street Llc $2,000,000
Previous Owner Colligan James J $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2017 07/10/17 Sold $3,850,000 -18.0% $1,546 / Sq Ft
06/10/2017 06/10/17 Pending -- -- --
10/21/2016 10/21/16 For Sale $4,695,000 -- $1,886 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

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 $28,571 $143,326 $54,094 $89,232
2024 $28,571 $142,248 $84,240 $76,703
2023 $27,254 $134,197 $57,813 $76,384
2022 $23,988 $200,520 $84,240 $116,280
2021 $25,136 $215,460 $84,240 $131,220
2020 $25,281 $234,300 $84,240 $150,060
2019 $24,797 $229,560 $84,240 $145,320
2018 $22,797 $111,831 $31,554 $80,277
2017 $21,507 $105,503 $53,475 $52,028
2016 $19,897 $99,532 $62,721 $36,811
2015 $12,004 $99,532 $70,932 $28,600
2014 $12,004 $98,784 $81,493 $17,291
Source: Public Records

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10063293

Real Estate Board of New York (REBNY)

APN: 0893-0071