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105 East 38th Street, #PH

$2,450,000 ($817 per ft2) | 4 beds, 4.5 baths | Approx. 3,000 ft2
Building Profile  | 
35 days on Market

Key Details

  • Listed: Oct 1, 2024
    Days on Market: 35
    Building Type: Cooperative
    Neighborhood: Murray Hill (Manhattan)
Monthly Maintenance: $9,165 ($3.06/ft2)
Est. Monthly Mortgage: $13,014
Total Est. Monthly Carrying Cost: $22,179 ($7.39/ft2)
Note: the above is based on a down payment of 20% ($490,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Property Overview: This is a spacious 4-bedroom, 4.5-bathroom penthouse with approximately 3,000 sq ft of interior space and over 2,000 sq ft of private outdoor space, located in the desirable Murray Hill neighborhood.
  • Architectural Excellence: The property features high ceilings over 9 feet, Juliet Balconies, two wood-burning fireplaces, and panoramic views of iconic landmarks. It also comes with previously approved plans for a seamless blend of historical integrity and contemporary luxury.
  • Additional Space: There is an opportunity to design additional living areas or guest bedrooms on the 10th floor, and the apartment also comes with a garden.
  • Building Amenities: The pet-friendly building offers an elevator, central laundry room, public spaces, a common roof deck, and a live-in superintendent for added convenience and security. It also allows for subletting, pied-à-terre ownership, co-purchasing, and guarantors.
  • Prime Location: The property is situated on a quiet, tree-lined block near Grand Central Terminal, Bryant Park, Trader Joe's, and more.
  • Rich History: Built in 1924 and converted into a 27-unit cooperative in 1985, the building is part of the Murray Hill Historic District and has a rich history.

Description

Opportunity awaits you at this once in a lifetime chance to create one of the most stunning Penthouses off of lower Park ave. 105 E 38th St is tucked away steps from Park Ave on a quiet tree-lined block. You’ll need your architect to help design over 3000 SqFt interior and over 2000 SqFt private outdoor space.

This remarkable property has previously approved plans with both landmarks and the city, ensuring a seamless blend of historical integrity and contemporary luxury. Spanning two combinable floors, this residence offers the potential for at least 4 spacious bedrooms and 4.5 bathrooms. The 9th floor, wrapped in newly LPC restored windows, features two wood-burning fireplaces and a panoramic view that includes the iconic Empire State and Chrysler Buildings. Exposed brick and over 9-foot ceilings enhance the expansive living footprint, while Juliet Balconies invite natural light and offer protected historic views. Consider the opportunity to construct a masterful staircase leading to the 10th floor, where additional living areas or guest bedrooms can be designed to your liking.

Imagine adding a third fireplace and stepping out onto a garden terrace, then ascending to your private rooftop to enjoy unobstructed views and outdoor living. This pet-friendly, elevator midrise building offers flexibility with subletting, pied-à-terre ownership, co-purchasing, and guarantors. As part of the Murray Hill Historic District, this property comes with a rich history—ask the listing agent for original archived photos from its first owner’s published collection from the 1920s. Don’t miss the chance to transform this remarkable property into a Manhattan masterpiece unlike any other.

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Listing courtesy of Compass

Pricing History

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About 105 East 38th Street

Building Amenities

  • Conversion Year: 1985
  • Elevator
  • Lounge
  • Rooftop Terrace
  • Laundry Room
  • Live-In Superintendent

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Subways

  1. 4
  2. 5
  3. 6
  4. 7
at Lexington Ave and 43rd 0.19 miles
  1. M
  2. B
  3. D
  4. F
at 5th-6th Aves and 42nd 0.34 miles
  1. N
  2. Q
  3. R
at Broadway and 35th 0.48 miles

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