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118 E 37th St #Townhouse, New York, NY, 10016

6beds
6baths
5,734sqft
$4,495,000
$784price/sqft
$31,612/moest. monthly cost
$1,264,480/yrincome needed

About This Home

Situated on a prime, tree-lined block in the heart of Murray Hill, 118 East 37th Street is a 20-foot-wide Manhattan townhouse offering exceptional scale, flexibility, and long-term potential. Select upper floors enjoy striking views of the iconic Chrysler Building, creating a quintessential New York backdrop for this classic multi-family property. The building is currently configured as five residential units and presents a compelling opportunity for investors or end-users seeking income with future upside. The garden through second floors are arranged as a spacious owner’s triplex. The garden level has been used as an office and opens directly to a south-facing garden, creating an ideal live/work environment. The parlor floor contains kitchen and living areas, while the second floor provides bedroom space and access to a private terrace overlooking the garden. Also located at the front of the second floor is a separate studio apartment, creating an additional residential unit within the building and offering flexible income potential. Above, the third and fourth floors each feature floor-through two-bedroom apartments, providing two additional full-floor residences with excellent natural light and views toward the Chrysler Building. These apartments offer efficient layouts with clear separation between living and bedroom areas and remain highly desirable in the Murray Hill rental market. In total, the property is configured as five units: a garden-through-second-floor triplex residence, a studio apartment on the front of the second floor, and two full-floor two-bedroom apartments on the third and fourth floors. At 20 feet wide, the townhouse benefits from generous interior volume rarely found in similar buildings. The existing configuration allows for continued use as an income-producing property while also offering the opportunity to reimagine the building as a larger owner’s residence with rental units or potentially reconfigure it to suit a variety of residential or investment strategies. Situated in the center of Murray Hill, the property enjoys close proximity to Grand Central Terminal, Midtown offices, and some of Manhattan’s most vibrant dining and neighborhood amenities. Known for its historic brownstones, convenient transportation, and central location, Murray Hill continues to attract residents seeking the charm of townhouse living within easy reach of Midtown and the East River waterfront.

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: MultiFamily
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 6
  • Full bathrooms: 6

Interior Area

  • Total structure area: 5,734
  • Total interior livable area: 5,734 sqft

Property

Details

  • Special condition: Resale

Features

  • Patio & porch: Other
  • Exterior features: Balcony,Garden
  • Has view: Yes
  • View description: City

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 $22,729$272,748
Home Insurance *$5,277$63,324
Property Taxes $2,659$31,908
Electricity $947$11,371
Total$31,612$379,344
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,083,840/yr
40% on housing$948,360/yr
45% on housing$842,986/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

$784This listing

vs Other Active Listings

Avg $/sqft

ZIP 10016$1,003
New York County$1,489

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
2026-05-06Price change$4,995,000
2026-03-16Listed for sale$5,500,000

For Sale by Agent

AgentThomas Wexler
BrokerageLeslie J. Garfield

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