$6,400,000
SOLD OCT 28, 2024

38 W 26th St Unit PH 12 AB New York, NY 10010

NoMad Neighborhood
3 Beds
2 Baths
5,500 Sq Ft
$5,690/mo HOA Fee

Recently Sold

$1,164 Per Sq Ft

9% Below List Price

Highlights

  • Rooftop Deck
  • 3-minute walk to 28 Street (N,R Line)
  • 1 Fireplace
  • P.S. 11 Sarah J. Garnet School Rated A
  • Skyline View
  • 4-minute walk to Madison Square Park

About This Home

As of October 2024

Truly one-of-a-kind 5,500 square foot PRE-WAR PENTHOUSE LOFT just a block away from Madison Square Park

This expansive full floor loft with four exposures and soaring ceilings was meticulously renovated by the owner, a renowned German artist. A keyed elevator opens onto private landing hallway on 12th floor and the massive 60' by 99' floor plate. Ceiling heights range from 10'10" to 20'10", and 22 oversized windows and two large skylights flood the entire loft with light in this free-standing building. The loft was originally designed for the owner's live-work and international pied-a-terre lifestyle by the architect, Reinhold Martin.

The South side of the loft spans 110' of the frontage from East, South to West with 12 large windows. This open public space consists of an extravagant living area with a vintage wood burning fireplace, a large chef's kitchen, a dining area, and a bookshelf-lined library. Two bedrooms with abundant light are on the East side of the loft, and two full bathrooms decorated with Moroccan tiles are on the West side. Appliances include a 36" wide SubZero refrigerator, a professional Thermador oven, a Miele dishwasher and Miele washer & dryer.

The North side of the loft is another sensational scaled open space, once used as the artist's studio and office. It can easily be turned into multiple bedrooms or a large primary bedroom with ensuite bathroom, as the plumbing risers in the Northwest corner of the loft are already in place. This impressive loft with its open design provides endless possibilities to create your own layout.

The design of the space and the custom-built cabinetry by Walter Nikkels are a perfect representation of the Bauhaus design with exceptional attention to detail and craftsmanship. The flooring throughout the loft is made up of hand selected planks of rare rift-sawn thick white oak and is in excellent condition.

The building has a common roof deck one floor up which can be easily reached by the common stairs.

38 West 26th Street is a former leather sawing factory built in 1909. The building has 16 residential units, one commercial unit, two elevators and a service elevator, a full-time superintendent, and video intercom system. The building has undergone numerous improvements in the recent years, including Local Law 11, facade repair, exterior iron work, elevator upgrades, sidewalk replacement, installation of a new water tank, a new roof, and new front entrance doors.

This well-run Co-op has incredibly low monthly common charges of approx. $1.00/mo. per square foot due to substantial rental income received from the ground floor tenant, a high-end restaurant. The recently negotiated market rent lease has 13 years remaining.The Co-cp allows: Pied-a-terre, Sub-leasing, Financing, Guarantors, Co-purchasing, Parent gifting, Pets, and No flip tax. Alterations and unit improvements welcomed by the Board.

38 West 26th Street is perfectly situated where uptown meets downtown, and seconds from pedestrian Broadway and historic Madison Square Park, a stunning seven-acre urban oasis and cultural hub. Enjoy the best of city living with world-class shopping, top restaurants, entertainment, and grocers such as Eataly, Fairway and Whole Foods. Transportation options nearby include the N, R, W, F, M and 6 subway

Last Agent to Sell the Property

Yoko Sanada

Douglas Elliman Real Estate License #10301214227 Listed on: 08/07/2024

Douglas Elliman Real Estate

Property Details

Home Type

  • Co-Op

Year Built

  • Built in 1909

HOA Fees

  • $5,690 Monthly HOA Fees

Home Design

  • Entry on the 12th floor

Interior Spaces

  • 5,500 Sq Ft Home
  • 21 Foot Ceilings
  • 1 Fireplace
  • Dining Area
  • Skyline Views
  • Kitchen is in good condition

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom is in good condition
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer Dryer Allowed
  • Washer Hookup

Additional Features

  • Home has sun exposure from multiple directions
  • Zoned Cooling

Listing and Financial Details

  • 10 Shares in the Co-Op
  • Legal Lot and Block 0068 / 00827

Community Details

Overview

  • 12 Units
  • 3 Elevators
  • 12 Lofts Condos
  • No Mad Subdivision
  • 12-Story Property

Amenities

  • Rooftop Deck
  • Community Storage Space

Pet Policy

  • Pets Allowed In Building

Property Details

Home Type

Co-Op

Year Built

Built in 1909

Lot Details

0

HOA Fees

$5,690 per month

Listing Details

  • Exposures: East, West, South
  • SponsorUnitYN: No
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: No Mad
  • Entry Level: 12
  • Structure Type: Loft
  • ResoPropertyType: Residential
  • BuildingPetsAllowed: BuildingYes
  • GarageSpacesAssignedYN: No
  • GreenBuildingYN: No
  • Special Features: None
  • Property Sub Type: Coop
  • Stories: 12

Interior Features

  • Appliances: Washer Dryer Allowed
  • Ceiling Height: 20.5
  • Fireplace Features: Other
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 5500.0
  • Living Area Units: Square Feet
  • Basement: No
  • Basement: Other
  • Dining Type: Area
  • Kitchen Condition: Good
  • Floor Number: 12

Beds/Baths

  • Bathroom Condition: Good
  • Bathrooms Total: 2.0
  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 3

Exterior Features

  • View: City, Skyline
  • View: Yes
  • Exterior Features: None
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Washer Hookup, In Unit
  • Green Building Features: Storage
  • Cooling: Electric, Zoned
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 5690.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Stock Cooperative
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Zoning: M1-6

Building Info

  • New Construction: No
  • New Development: No
  • Building Name: 12 LOFTS
  • Elevators: 3
  • Landmark Status: No
  • Units: 12
  • Total Stories: 12
  • Year Built: 1909
  • Shares: 10.0
  • Lobby Attendance Type: None
  • Building Laundry Features: None
  • Building Exterior Features: BuildingRoofDeck

Rental Info

  • Land Lease: No

Tax Info

  • Tax Abatement: No
  • Tax Block: 00827
  • Tax Lot: 0068
  • Building Tax Lot: 0068

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2024 10/28/24 Sold $6,400,000 -8.5% $1,164 / Sq Ft
08/07/2024 08/07/24 Pending -- -- --
08/07/2024 08/07/24 For Sale $6,995,000 -- $1,272 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10998211

Real Estate Board of New York (REBNY)