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131 E 38th Street
About This Property
Currently configured as a single-family residence with a thriving garden-level dental practice that generates a 6 figure net annual income for the residential owner, this property offers a unique blend of personal living space and professional opportunity.
Features:
Expansive Layout: Five bedrooms, four bathrooms, and multiple office spaces provide ample room for living, working, and entertaining.
Timeless Charm: Classic details throughout the home create a warm, inviting atmosphere while offering opportunities for thoughtful updates to match your style.
Outdoor Living: A landscaped backyard and a parlor-level balcony overlooking the garden offer rare outdoor retreats in the heart of the city.
Flexibility: Whether you envision a luxurious single-family residence, a live-and-work setup, or a creative reconfiguration, the possibilities are endless.
Prime Location
Situated just moments from Grand Central Station and the United Nations, this townhouse offers unparalleled convenience. Enjoy easy access to transportation, dining, shopping, and cultural landmarks-all while retreating to your private urban sanctuary.
Your Opportunity Awaits
With its income potential, strategic location, and opportunities for customization, 131 E 38th St is a rare find in today's market. Whether you're seeking a home to personalize or an investment to grow, this property is your blank canvas.
Schedule a private showing today and imagine the possibilities that await at 131 E 38th St!
Listed By
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 24, 2025 | Price Decreased |
$4,499,999
↓ $450K
(9.1%) | |
Price Decreased | |||
Dec 5, 2024 | Listed by EXP Realty NYC | $4,950,000 | |
Listed by EXP Realty NYC | |||
Dec 4, 2024 | Sold | ||
Sold | |||
Nov 19, 2024 | Relisted | $4,950,000 | |
Relisted | |||
Nov 17, 2024 | No longer available | - | |
No longer available |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
09/09/2024
| |
Studio
|
-
|
4250 ft²
|
$5,100,000
Studio
-
4250 ft²
|
$2,999
-99.94%
12/04/2024
|
-
|
Joshua Carter
EXP Realty NYC
|
Building Info
- 1 Units
- 1 Unit for Sale
