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128 E 38th St #1, New York, NY, 10016

3beds
4baths
0sqft
$4,450,000
--price/sqft
$30,603/moest. monthly cost
$1,224,120/yrincome needed

About This Home

3D tours available upon request. 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 1868–1869 by architects D. & J. Jardine and developer Abraham B. Embury, this home was one of five Second Empire–style brownstones on East 38th Street. Its handsome brick façade 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 chef’s 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 10’8” ceilings and double exposures, offers a spacious living and entertaining area with a step-out balcony overlooking the residential’s 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.

Getting Around

99
WalkingWalker's Paradise
100
TransitRider's Paradise
77
BikeVery Bikeable

Schools

3/10
8/10
Jhs 104 Simon BaruchGrades 6-80.9 mi

Construction

Condition

  • Year built: 1910

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Washer/Dryer
  • Laundry features: Inside

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Cooling

  • Cooling features: Central Air

Features

  • Fireplace: Yes

Interior Area

  • Total structure area: 0

Property

Details

  • Special condition: Resale

Features

  • Patio & porch: Other,Terrace,Deck
  • Exterior features: Balcony,Private Roof Deck,Terrace
  • Has view: Yes
  • View description: City,Skyline

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Cold Wave
Hurricane
Inland Flooding
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters in New York County and New York

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $22,501$270,012
Home Insurance *$5,224$62,688
Property Taxes $2,632$31,584
Electricity $246$2,954
Total$30,603$367,236
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,049,245/yr
40% on housing$918,090/yr
45% on housing$816,080/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.0%
2.0%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 10016$977
New York County$1,488

vs Homes Sold Last Month

Median $/sqft

ZIP 10016$1,230
New York County$1,203

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-10-21Listed for sale$4,450,000

For Sale by Agent

AgentKe Yan
BrokerageRealmart Realty LLC

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