|
|
Welcome to 131 East 38th Street - A Townhouse of Endless Possibility
In the heart of Murray Hill, nestled on a quiet, tree-lined street minutes from Grand Central, stands a townhouse that tells a story of timeless character and modern potential. 131 East 38th Street is more than a property-it's a canvas for your vision, a residence where life, work, and inspiration converge.
From the moment you arrive, the home's stately brick facade and classic architecture speak to a bygone era of craftsmanship and grace. Step inside, and you're greeted by nearly 4, 000 square feet of space that feels both grand and intimate, where original details-hardwood floors, intricate moldings, soaring ceilings-offer a rich backdrop for whatever future you imagine.
Today, the home functions as a single-family residence with a thriving dental practice on the garden level-a setup that quietly generates substantial income without disrupting the tranquility of the home above. It's a rare hybrid: a sanctuary that pays dividends, a space that supports both personal dreams and professional ambitions.
As you explore its five floors, you'll find five spacious bedrooms, four full bathrooms, and an array of flexible rooms perfect for offices, studios, or creative retreats. Whether you dream of hosting elegant dinners in the parlor or unwinding in a sunlit reading nook, the layout adapts effortlessly to your lifestyle.
Step outside, and you're in one of Manhattan's rarest luxuries: a landscaped garden, tucked away from the city's pulse yet close enough to feel its energy. A second-story balcony overlooks this green escape, offering a perfect morning coffee perch or sunset retreat.
The home's versatility is perhaps its most exciting feature. Reimagine it as a luxurious single-family residence, continue the live/work model, or explore a fresh configuration altogether-the structure, zoning, and location support countless possibilities. Opportunity for "no expenses" derived from substantial income from ground floor professional office w single tenant and flexible terms.
And then, there's the location. Just a short distance from the United Nations, Bryant Park, and the cultural heartbeat of Midtown, 131 East 38th offers immediate access to the best of New York. Yet when you return home, the city melts away behind the townhouse's historic doors.
This is more than a place to live-it's a rare opportunity to build a life exactly as you envision it. With income potential, architectural charm, and an unbeatable address, 131 East 38th Street is where your next chapter begins.
3 outdoor spaces, rooftop, ground patio + backyard, balcony.
Schedule your private showing today with the listing brokers, and imagine the story you'll write here.
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$4,798,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $3,838,400 | $3,838,400 | $3,838,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | $3,750 | $3,750 | $3,750 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $21,794 | $23,634 | $32,391 |
| Total Monthly Payment | $25,669 | $27,509 | $36,266 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.