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38 West 26th Street, #PH12

Listing no longer available on CityRealty as of Mar 25, 2024
It previously was on the market for a total of 89 days.
89 days on Market

Pricing History

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Key Details

  • Listed: Dec 27, 2023
    Last Price Change: ($455,000) on Feb 1
    Days on Market: 89
    Building Type: Cooperative
    Neighborhood: Chelsea (Manhattan)
    Listing viewed 554 times
Monthly Maintenance: $5,690 ($1.03/ft2)
Est. Monthly Mortgage: -
Total Est. Monthly Carrying Cost: $42,808 ($7.78/ft2)
Note: the above is based on a down payment of 20% ($1,399,000), which is the minimum amount permitted by the building.

Description

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.

Purchasing the part of the roof deck can be negotiated with the board.

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 lines, and PATH trains.

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About 38 West 26th Street

69

38 West 26th Street has received a CityRealty Rating of 69, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

21
Out of 44
+
26
Out of 36
+
14
Out of 39
+
8
=
69
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Distinguished 6 out of 8 points
Retail Quality:
Good 3 out of 5 points
Canopy Entrance:
No Canopy 1 out of 3 points
Alterations:
Well Done 1 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Exists 1 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Not Allowed 2 out of 2 points
Free Standing:
No 0 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unrelated Base 0 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Attractive / Pleasant 3 out of 5 points
Distance To Neighborhood Center:
Less than 10 blocks 5 out of 5 points
Views:
Open 2 out of 4 points
Neighborhood Ambience:
Attractive 2 out of 3 points
Traffic Noise:
Considerable 1 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
Less than 3 Short Blocks 2 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
Less than 3 Short Blocks 2 out of 2 points
Distance To Park:
Less Than 3 Short Blocks 2 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Quite Stylish 3 out of 5 points
Units Per Floor:
2 4 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
None 0 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Minimal 1 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
None 0 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
Yes 1 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
None 0 out of 2 points

Building Amenities

  • Conversion Year: 1984
  • Pre War
  • Intercom
  • Elevator

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