128 East 38th Street #1, New York City, NY 10016
Listing Courtesy of Realmart Realty LLC
$4,450,000
Potential Rebate: $66,750
Overview
Please contact the listing agent for the virtual 3D tours.<br><br>128 East 38th Street is an elegantly renovated, 20-foot-wide single-family townhouse with a private elevator, located on a quiet residential block between Park and Lexington Avenues.<br><br>Originally constructed in 18681869 by architects D. & J. Jardine and developer Abraham B. Embury, this home was one of five Second Empirestyle brownstones on East 38th Street. Its handsome brick faade with a pedimented entryway and first-story oriel bay window dates to a 2001 exterior redesign. The current interior layout was completely reimagined and rebuilt to modern standards through an extensive, high-quality renovation completed in 2020. The home has been meticulously maintained since, a landmark townhome reimagined for chic modern living!<br><br>The residence features premium finishes such as HUNTER DOUGLAS automatic light-diffusing window treatments, custom HENRYBUILT grey walnut cabinetry and vanities, wide-plank SOTA white oak flooring, a NEST smart home system, and three marble fireplaces. Updated systems include central A/C and heat, plumbing with water filtration, and electrical wiring - all completed during the comprehensive renovation.<br><br>Upon entry, a gracious foyer adorned with a custom HENRYBUILT floating entry closet for coats and shoes, leads to an open dining room and chefs kitchen reflecting the high-quality craftsmanship of HENRYBUILT custom cabinets with dark smoke metal pull and drawers designed for storage of dinnerware and utensils. The integrated kitchen features the Arctic white marble backsplash, onyx PaperStone countertop, Miele stainless steel four-burner Cooktop, vented hood, Miele 24 built-in Microwave Oven, Miele 24 Electric Steam oven, Miele 18 Dishwasher, 30 Sub-Zero refrigerator and freezer. You will also find a powder room on this floor to convenient your guests.<br><br>The Parlor floor, with 108 ceilings and double exposures, offers a spacious living and entertaining area with a step-out balcony overlooking the residentials courtyard, to complete with a wet bar and a modern sleek marble wood fireplace.<br><br>The Third floor is currently used as the office/dressing, with a wall of floor-to-ceiling custom built-in wardrobes by HENRYBUILT. The room can be converted into a bedroom with the existing full bathroom in the rear corner, or simply to be combined with the Fourth floor as a grand primary duplex.<br><br>The Fourth floor is highlighted by 17 windows including 7 large skylights, bringing in tremendous natural light into the full-floor primary suite, with an extensive wall of custom built-in hanging shelves/bins and towel rack. The primary bathroom features a Porcelanosa deep soaking tub, glass-enclosed shower, custom vanity by HENRYBUILT and DURAVIT. The beautiful steel caracol (spiral stairs) ascends to the private roof deck where one can enjoy the precious skyline views of Chrysler and Empire State buildings.<br><br>The finished lower level provides a third full bathroom, laundry with Samsung and LG smart appliances, and flexible space for a gym, recreation room, or staff quarters. It has its own street-level entrance and additional storage, including a separate 100-square-foot space beneath the sidewalk.<br><br>Set within the Murray Hill Historic District, this home combines 19th-century architectural charm with modern design and functionality. Its prime location steps from some of the top restaurants in NYC, famous landmarks such as the Morgan Library, Chrysler Building and Empire State Building, and a very short distance from the United Nations, One Vanderbilt and Grand Central Station.<br><br>Dimensions and square footage are approximate. Buyer to independently verify.<br><br><br><br><br><br>
Home Features
- •Central Air
- •Building Inside
- •Common Area
- •In Unit
- •Private Outdoor Space Over 60 Sqft
- •Eat-in Kitchen
- •High Ceilings
- •Dishwasher
Estimated Monthly Payment
$24,387 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$66,750
Monthly savings impact
$185/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Realmart Realty LLC
Data Source: TRESTLE #RLS20055849
Price Analysis
Compare average listing prices and value metrics for 128 East 38th Street against the surrounding Murray Hill market.
Average List Price
Price Per SqFt
77.88% Lower
than the Murray Hill price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Murray Hill
Overview of Murray Hill
Murray Hill is a charming, somewhat relaxed enclave on the East Side of Manhattan, spanning roughly from 34th to 40th Streets. Known for its recent college graduate population, it also boasts historic districts with stunning townhouses. For those seeking Murray Hill Manhattan real estate, the neighborhood usually offers more space for your money than its neighbors.
Living in Murray Hill, Manhattan offers a residential vibe that feels distinct from the corporate towers of Midtown to the north. It is a mix of high-rise apartment complexes and tree-lined blocks of brownstones. As a popular Manhattan NYC neighborhood, it strikes a balance between a lively bar scene on Third Avenue and quiet, upscale living on Park Avenue.
Real Estate & Housing Market
The market for homes for sale in Murray Hill is viewed as a value pocket in Manhattan. You can find everything from affordable post-war co-op studios to multi-million dollar historic townhouses in the Murray Hill Historic District. It attracts a wide demographic, from young finance professionals renting their first apartments to established families owning entire brownstones.
The "Corinthian" and other condo towers offer full-service luxury living. The area is steady and reliable for investment, with strong rental demand from the nearby medical mile (NYU Langone) and UN workers. Prices here are generally more accessible than in Flatiron or Gramercy.
Lifestyle & Community
The lifestyle in Murray Hill is social and active. The neighborhood is famous for its nightlife along Third Avenue, which is bustling with sports bars and restaurants. However, west of Lexington Avenue, the vibe transforms into one of quiet elegance, with carriage houses and diplomatic residences.
Community amenities are strong, with the St. Vartan Park providing a local playground and sports courts. The proximity to Grand Central makes it a convenient choice for commuters, while the varied housing stock allows residents to "move up" within the neighborhood as they progress in their careers.
Transportation & Accessibility
Murray Hill is well-served by transportation. The 4, 5, 6, 7, and S trains at Grand Central are a short walk away, as is the 33rd St station for the 6 train. The neighborhood is also a hub for the select bus service, making crosstown travel easier.
Access to the Midtown Tunnel allows for quick escapes to Long Island and the airports. For daily commuting to Wall Street or Upper East Side, the Lexington Avenue line (4/5/6) is the lifeline of the neighborhood.
Parks, Schools & Amenities
While green space is at a premium, St. Vartan Park is a beloved community hub. The East River Ferry at 34th Street is a game-changer, connecting residents to Brooklyn, Queens, and Wall Street via a scenic boat ride.
The area is home to the Morgan Library & Museum, a cultural treasure. Amenities like Trader Joe’s, Fairway, and a plethora of gyms and dry cleaners cater to the busy professionals who live here.
Who This Neighborhood Is Best For
Murray Hill is best for recent graduates and young professionals seeking a fun social scene ("Murray Hill" is often nicknamed "Curry Hill" for its Indian restaurants or associated with post-grad life). However, the historic district is ideal for those seeking townhouse living at a relative discount.
