122 E 38th St - Office FOR SALE


New York, NY 10016- Murray Hill
$7,250,000 USD
212-660-7700
122 E 38th St, New York, NY for Sale
$7,250,000 USD
Office - FOR SALE
1/13
null | Request Cap Rate

NEW


122 E 38th St
New York, NY 10016
Murray Hill


HIGHLIGHTS

  • Fully vacant 6,480 SF Neo-Federal townhouse with six floors and roof terrace.
  • Prime Murray Hill location near Grand Central Terminal, NYU Langone Medical Center, and the UN Headquarters.
  • Historic architectural details including fireplaces, soaring ceilings, and custom millwork complemented by modern systems.
  • Expansive roof garden plus two outdoor decks offering dramatic cityscape views.
  • Flexible Certificate of Occupancy allows a variety of uses, including office, institutional, embassy, medical, or luxury single-family conversion.

OVERVIEW

Cushman & Wakefield and Corcoran have been exclusively retained to offer for sale 122 East 38th Street (the “Property”), an extraordinary 6,480± SF live-work commercial townhouse located on one of Murray Hill’s premier blocks between Park and Lexington Avenues, just steps from Grand Central Terminal. This distinguished six-story plus cellar and roof terrace Neo-Federal townhouse combines historic elegance with modern refinement. Built in the early 20th century, the property features a stately brick façade with limestone detailing and balanced architectural proportions. Inside, soaring ceiling heights, intricate moldings, multiple fireplaces, and a dramatic spiral staircase create a sense of timeless sophistication, while updated, eco-conscious systems provide contemporary comfort and efficiency. Situated on a tree-lined block just off Park Avenue, the Property offers a rare blend of privacy, prestige, and convenience, suitable for live-work users, governments, nonprofits, medical, institutional ownership, office use, or single-family conversion. 122 East 38th Street also boasts a storied history. Notable former residents include Charles Isham, historian and head librarian of the New York Historical Society, and his wife Mary Todd Lincoln Isham, granddaughter of President Abraham Lincoln. In 1913, the couple commissioned the architecture firm Walker & Gillette to add the elegant mansard fourth floor, further enhancing the townhouse’s architectural prominence

FOR SALE DETAILS

PRICE

$7,250,000 USD

PRICE/SF

$1,074 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

C

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,372 SF

ZONING

R8B, New York

APN/PARCEL ID

0893-0078

ASK ABOUT THIS PROPERTY

John CirauloCushman & WakefieldMore Info
212-660-7700

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John CirauloCushman & WakefieldMore Info
212-660-7700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.