--- title: "128 East 38th Street #1, New York City, NY 10016" description: "128 East 38th Street #1, New York City, NY 10016 — Townhouse in Murray Hill, Manhattan, NY. Listing Price $4,450,000. 3 bed, 4 bath, 2,400 sqft Illustrative Buyer Commission Share of $66,750 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/128-east-38th-street-1-ny-10016" source: "Real Estate Rebate Team" status: "Active" --- # 128 East 38th Street #1, New York City, NY 10016 Townhouse in Murray Hill, Manhattan, NY Courtesy of Realmart Realty LLC ## At a Glance - **Listing Price**: $4,450,000 - **Beds**: 3 - **Total Baths**: 4 - **Sqft**: 2,400 - **Monthly Taxes**: $2,398 / mo - **Price per Sqft**: $1,854 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $4,450,000 - **Illustrative Buyer Commission Share**: -$66,750* - **Illustrative Net Cost**: $4,383,250 *Illustrative Buyer Savings of $66,750 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![128 East 38th Street #1, New York City, NY 10016 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/00015877-cbee-4d37-ba58-f8dfce6b07b5.jpg) ![128 East 38th Street #1, New York City, NY 10016 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9767b089-cd39-48c2-aad3-bdff082604ac.jpg) ![128 East 38th Street #1, New York City, NY 10016 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8f285e52-e5e8-49b0-b575-d01a191b6ba2.jpg) ![128 East 38th Street #1, New York City, NY 10016 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/98051950-c94f-4fb1-a621-c82a075228fc.jpg) ![128 East 38th Street #1, New York City, NY 10016 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/24bdbf70-4e90-46cb-b22c-c5cd77e62cc9.jpg) ![128 East 38th Street #1, New York City, NY 10016 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/edd28ca1-3596-43e1-80f8-f4023979fea0.jpg) ![128 East 38th Street #1, New York City, NY 10016 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5a589378-8488-4536-8046-cd132001d5f2.jpg) ![128 East 38th Street #1, New York City, NY 10016 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e5870271-cc9c-4511-ad6e-cc00e4af2df1.jpg) ![128 East 38th Street #1, New York City, NY 10016 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/973c622e-e68b-4d7f-9622-48579f3d4451.jpg) ![128 East 38th Street #1, New York City, NY 10016 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c0ff0b13-ee5d-4759-a3e2-da8309e21f57.jpg) ## Property Overview Please contact the listing agent for the virtual 3D tours. 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. 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! 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. 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. 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. 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. 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. 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. 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. Dimensions and square footage are approximate. Buyer to independently verify. ## Property Details - **Property Type**: Single Family Residence - **Beds**: 3 - **Total Baths**: 4 - **Rooms**: 6 - **Sqft**: 2,400 sqft - **Stories**: 5 - **Year Built**: 1910 - **Price per Sqft**: $1,854 - **Monthly Taxes**: $2,398 / mo - **Listed On**: Oct 21, 2025 - **Days on Market**: 327 Days ### Residence Features - Central Air - Building Inside - Common Area - In Unit - Private Outdoor Space Over 60 Sqft - Eat-in Kitchen - High Ceilings - Dishwasher - City ## Sales Evidence ### Recent closed sales 128 East 38th Street has 7 recorded sales since September 2021, the most recent for $2,100,000 in May 2025. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | 6-B (Apartment) | 2 | 1,272 | $2,100,000 | $1,651/ft² | May 29, 2025 | MLS | | PH-A (Apartment) | 3 | 2,316 | $3,870,000 | $1,671/ft² | November 13, 2024 | MLS | | 6-F (Apartment) | 2 | 1,292 | $2,109,071 | $1,632/ft² | October 8, 2024 | MLS | | 4-A (Apartment) | 2 | 1,292 | $1,950,000 | $1,509/ft² | June 21, 2024 | City record · MLS | | 3-A (Apartment) | 2 | 1,292 | $1,985,000 | $1,536/ft² | May 30, 2024 | City record · MLS | | 3B (Apartment) | 2 | 1,272 | $1,912,500 | $1,504/ft² | February 12, 2024 | City record · MLS | | 5A (Apartment) | 2 | 1,290 | $2,075,000 | $1,609/ft² | December 28, 2023 | City record · MLS | Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below. ### How this price compares The median closed price for comparable house sales in Murray Hill is $6,345,000, based on 6 sales between July 2022 and August 2026. This home is asking $4,450,000, $1,895,000 below that median. The middle half of those sales closed between $4,772,500 and $6,762,500. - **Median closed price**: $6,345,000 - **Middle half**: $4,772,500 – $6,762,500 - **Based on**: 6 house sales in Murray Hill - **Period**: July 2022 – August 2026 - **Median $/ft²**: $1,075/ft² Across the 5 of these sales with a published asking price, the median closed at 88.4% of what it originally asked. 100% of them closed below the original ask. A house is not part of a building of comparable apartments, so this benchmark is drawn from house sales across Murray Hill. Apartment sales are excluded from it entirely. ### How these sales were negotiated - **Sold vs original ask**: 88.4% of the original ask - **Closed below ask**: 100% of 5 sales - **Listed → in contract**: 210 days (about 30 weeks) - **In contract → closed**: 37 days (about 5 weeks) Across the 5 of these sales with a published asking price, the median closed at 88.4% of what it originally asked. 100% of them closed below the original ask. Half of these homes were in contract within 210 days (about 30 weeks) of coming to market, based on the 4 with a recorded listing date. Once a deal was agreed, closing took a further 37 days (about 5 weeks), based on the 3 with both dates recorded. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Based on 6 house sales in Murray Hill, July 2022 – August 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 128 East 38th Street](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/128-east-38th-street) ## Property Tax History Taxes at 128 East 38th Street #1 were $28,787 in 2026. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $239,220 | $101,520 | $137,700 | $143,326 | $28,787 | 20.085% (estimated) | | 2025 (FY 2025/26) | $240,720 | $101,520 | $139,200 | $143,326 | $28,787 | 20.085% (estimated) | | 2024 (FY 2024/25) | $197,160 | $101,520 | $95,640 | $142,248 | $28,571 | 20.085% | | 2023 (FY 2023/24) | $200,040 | $101,520 | $98,520 | $134,197 | $26,953 | 20.085% | | 2022 (FY 2022/23) | $208,560 | $101,520 | $107,040 | $126,604 | $25,712 | 20.309% | | 2021 (FY 2021/22) | $223,560 | $101,520 | $122,040 | $119,438 | $23,843 | 19.963% | | 2020 (FY 2020/21) | $222,180 | $101,520 | $120,660 | $119,438 | $25,136 | 21.045% | | 2019 (FY 2019/20) | $232,020 | $101,520 | $130,500 | $118,540 | $25,091 | 21.167% | | 2018 (FY 2018/19) | $111,831 | — | — | $111,831 | $23,394 | 20.919% | | 2017 (FY 2017/18) | $105,503 | — | — | $105,503 | $21,507 | 20.385% | | 2016 (FY 2016/17) | $99,532 | — | — | $99,532 | $19,897 | 19.991% | | 2015 (FY 2015/16) | $99,532 | — | — | $99,532 | $19,462 | 19.554% | | 2014 (FY 2014/15) | $98,784 | — | — | $98,784 | $18,924 | 19.157% | | 2013 (FY 2013/14) | $93,193 | — | — | $93,193 | $17,885 | 19.191% | | 2012 (FY 2012/13) | $87,920 | — | — | $87,920 | $16,326 | 18.569% | | 2011 (FY 2011/12) | $82,944 | — | — | $82,944 | $15,100 | 18.205% | | 2010 (FY 2010/11) | $82,944 | — | — | $82,944 | $14,402 | 17.364% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 1008930075. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 128 East 38th Street Murray Hill · Townhouse 128 East 38th Street, New York, NY 10016 A Townhouse in Murray Hill built in 1910. - **Year Built**: 1910 - **Total Units**: 1 - **Floors**: 5 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/128-east-38th-street) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [1](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/128-east-38th-street-1-ny-10016) | 3 | 4 | 2,400 sqft | $1,854 | $4,450,000 | Realmart Realty LLC | Oct 21, 2025 | 326 days | ## Estimated Monthly Payment **$24,900 / month**, assuming a 20% down payment ($890,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $22,502 - **Property Taxes**: $2,398 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Murray Hill Overview of Murray Hill [Explore Murray Hill](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/murray-hill) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Murray Hill - [Midtown real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/midtown) - [Kips Bay real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/kips-bay) - [Flatiron District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/flatiron-district) - [Theater District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/theater-district) - [Gramercy real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/gramercy) - [Stuyvesant Town real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/stuyvesant-town) ## Related Links - [128 East 38th Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/128-east-38th-street) - [Murray Hill neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/murray-hill) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > 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. ©2026 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 the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.