31 East 38th Street
Listing Information
| Address | 31 East 38th Street |
| Neighborhood | Murray Hill |
| Approx SF | 7,836 |
| Beds/Baths | |
| Offered at | $7,900,000 SOLD |
| Building Type | Multi-family |
| Taxes | $53,883 |
| Financing Allowed | 80.0% |
31 East 38th Street
Description
The five-story Italianate Masterpiece, in the heart of Midtown Manhattan, is a true Old World treasure. Built in 1869, this triumph once belonged to William Russell Grace, renowned philanthropist who was mayor to New York City. All of the initial exterior architectural features remain intact, including the massive stoop, balustrades, and roof cresting.ORIGINAL EMBELLISHMENTS: The 28-foot wide fa ade, this home was built with the finest materials available at the time, and its interiors have been remarkably well preserved. The parlor floor retains an air of gracious hospitality with its fourteen-foot ceilings and plaster embellishments. French doors and beautiful inlaid floors are just a taste of the handcrafted features that grace this resplendent edifice.
A SUBLIME POTENTIAL: This house can be reconfigured in several ways. Restoration to a magnificent single family home is a welcome possibility, while new owners may also enjoy retaining some or all of the income property within, or utilizing one or more floors for office space. This airy home, at over 7,500 square feet, lends itself to a variety of ideal uses. The Garden and Parlor level have been stripped of any 1950's built-ins and are ready for reconstruction with architects plans already drawn.