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Off market
  • $7,166,000

    121 E 38th St, New York, NY 10016

    6beds
    6,597sqft
    MultiFamily
    Built in 1863
    -- sqft lot
    $7,166,000 Zestimate®
    $1,086/sqft
    $6,434 Estimated rent

    Home value

    $7,166,000

    $5.95M - $8.60M

    $6,434/mo

    Zestimate® history
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    What's special

    121 East 38th Street is ideally located between Park and Lexington Avenues on one of Murray Hill's most attractive tree-lined townhouse blocks. The impressive brick-clad townhouse offers enormous square footage on six floors plus a finished cellar (approx. 7,900 S.F including the cellar), an elevator, and multiple configuration possibilities. Currently set up as an owner's five-floor apartment that functions as a beautiful triplex from the parlor to the fourth floor and, above that, a chic guest penthouse duplex with a fabulous roof-deck and open city views. In addition, there is a ground-floor one-bedroom floor-thru apartment, and a finished cellar. The house can work perfectly as-is (live with income), a family compound with three distinct living quarters, or it can easily convert to a single-family home. The choice is yours. Vacant. SHOWN BY APPOINTMENT ONLY. Ground Floor: Pass through a gated front patio and into a marble-floored entry foyer. Once inside, there is an entrance to the left into the large garden floor-thru one bedroom apartment, and straight ahead is a glass-paneled door that invites you up the curved staircase to the owner's five-story apartment. Should you so desire, a keyed elevator waits to whisk you to the upper floors. Parlor Floor: A gracious landing welcomes you to this breathtaking floor. When you look to the right, you will find an enormous and elegant living room that opens to a perfect-size dining room with a balcony. Together, both rooms span more than 46 feet deep and have 11-foot-high ceilings with intricate ceiling moldings. Look left, and you'll find a sun-flooded eat-in kitchen with incredibly wide and tall windows that look out to the beautiful townhouses across the street. The updated kitchen features a Viking Stove, two Sub-Zero refrigerators, a Fischer Paykal dishwasher, a center island, granite countertops, and a charming banquette to watch the cook or take in the passersby on the street. A powder room is neatly concealed on the landing. Third Floor: This magnificent floor offers a large front office (or bedroom), a spectacular family room with a beautiful coffered wood ceiling, and a library that opens to a terrace. Whether watching your favorite sport on TV with 20 of your closest friends, or just snuggling up with a book in the library or on the terrace--this floor is sure to please. Fourth Floor: The floor offers a front and rear bedroom--each with an en-suite bath. Double doors in the rear bedroom open to a terrace. Fifth Floor: This is the bottom floor of the penthouse duplex (guest apartment). This floor is "loft-like" in feel and offers an open kitchen with an island and front living room with a wall of windows to take in the southern light. In the rear of the floor is a generous bedroom with an en-suite bath with a Jacuzzi and a terrace. This floor could easily become two bedrooms and two baths in a single-family conversion. Sixth Floor: Upper floor of the penthouse duplex--currently used as a bedroom suite. You can't help but say WOW when you ascend the dramatic cast-iron staircase and arrive on this spectacular level. The whole floor is open with high ceilings. Solarium windows curve up the entire width and part of the ceiling of the front room to reveal an incredible cityscape--rarely seen in a townhouse. An updated bath with a glass-enclosed shower with multiple shower jets has just the right amount of frosted glass to conceal but also clear enough to take in the city beyond. This has to be seen! A 17-by-7-foot terrace completes this luxurious suite. Two bedrooms and two baths could easily be created on this floor. Rooftop Terrace: Stairs leading from the top floor of the penthouse open to reveal an entire decked roof with a hot tub. The views are fantastic--including a peak of The Chrysler Building. The area has water and electric to help create your rooftop dream.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 7
    • Full bathrooms: 6
    • 1/2 bathrooms: 1
    Heating
    • Gas
    Cooling
    • Central
    Appliances
    • Included: Dishwasher
    Features
    • Eat-in Kitchen, Den/Family Room, Entrance Foyer, Walk-In Closet(s), Cathedral Ceiling(s), Chefs Kitchen, Double Vanity, Washer/Dryer Hookup
    • Windows: Oversized Windows
    • Basement: See Remarks
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 6,597 sqft

    Property

    Lot
    • Size: 1,678 Square Feet
    Details
    • Parcel number: 008940015

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Mid Rise
    Materials
    • Roof: Other
    Condition
    • Year built: 1863

    Utilities & green energy

    • Sewer: Other
    • Water: See Remarks

    Community & HOA

    HOA
    • Amenities included: Roof Deck
    Location
    • Region: New York

    Financial & listing details

    • Price per square foot: $1,086/sqft
    • Tax assessed value: $7,023,000
    • Annual tax amount: $76,070
    • Inclusions: Dishwasher, Hot Tub

    Price history

    DateEventPrice
    10/22/2020Sold$5,807,000-17%$880/sqft
    Source: Public Record Report a problem
    10/18/2020Pending sale$7,000,000+20.5%$1,061/sqft
    Source: OneKey® MLS as distributed by MLS GRID #H6003756 Report a problem
    7/15/2020Sold$5,807,000-17%$880/sqft
    Source: Agent Provided Report a problem
    6/18/2020Listed for sale$7,000,000$1,061/sqft
    Source: Compass Report a problem
    6/18/2020Pending sale$7,000,000$1,061/sqft
    Source: Compass Report a problem
    1/17/2020Listed for sale$7,000,000-9.7%$1,061/sqft
    Source: Compass Report a problem
    2/1/2018Sold$7,750,000-29.5%$1,175/sqft
    Source: Public Record Report a problem
    7/30/2016Listing removed$11,000,000$1,667/sqft
    Source: William Raveis Real Estate #4617329 Report a problem
    4/21/2016Listed for sale$11,000,000+0.9%$1,667/sqft
    Source: William Raveis Real Estate #64246TH Report a problem
    2/29/2016Listing removed$10,900,000$1,652/sqft
    Source: The Relocation Group LLC #9752 Report a problem
    8/7/2014Listed for sale$10,900,000$1,652/sqft
    Source: The Relocation Group LLC #9752 Report a problem
    5/21/2014Listing removed$10,900,000$1,652/sqft
    Source: THE RELOCATION GROUP LLC #902612 Report a problem
    5/10/2014Listed for sale$10,900,000$1,652/sqft
    Source: THE RELOCATION GROUP LLC #902612 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$76,070 -6%$421,380 +17.9%
    2024$80,964 +2.6%$357,300 -16.4%
    2023$78,926 $427,500 -5.7%
    2022-- $453,420 +1.6%
    2021-- $446,280 -7.3%
    2020-- $481,560 +0.6%
    2019$71,105 +5%$478,680 +47.8%
    2018$67,747 +8.8%$323,853 +6%
    2017$62,281 +8.1%$305,522 +6%
    2016$57,620 $288,230 +1.3%
    2015$57,620 +148.6%$284,428 +1.6%
    2014$23,175 $279,936 +3.7%
    2013-- $269,878 +6%
    2012-- $254,602 +6%
    2011-- $240,192 +1.3%
    2010-- $237,024 +1.6%
    2009-- $233,280 +3.7%
    2008-- $224,899 +6%
    2007-- $212,169 +6%
    2006-- $200,160 +1.3%
    2005-- $197,520 +1.6%
    2004-- $194,400 +3.7%
    2003-- $187,416 +6%
    2002-- $176,808 +6%
    2001-- $166,800 +8.6%
    2000-- $153,600
    Find assessor info on the county website

    Neighborhood: Murray Hill

    Nearby schools

    GreatSchools rating