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Grand Central Commercial Townhouse

  • Usage: Office
  • Type: Sale
  • Floor: 1st Floor
  • Size: 6,480 SQFT
  • Price: $7,250,000
  • Term: For Sale
Six-story, six thousand four hundred eighty square foot commercial townhouse unfolds as a full-building opportunity with a cellar level of approximately one thousand one hundred square feet, delivering a total of roughly seven thousand five hundred eighty square feet inclusive of below-grade space . Interior planning follows a true vertical layout, where each floor operates as its own defined environment while remaining connected by both a central spiral staircase and an elevator servicing the cellar through the fifth floor, with the uppermost level and roof accessed by stair. Ceiling heights are consistently elevated across all levels, reinforcing volume and allowing each floor to function as either executive office space, institutional use, or residential-style occupancy depending on the end user.

Entry begins at the garden level, where a front-facing office or staff lounge establishes an immediate operational presence, supported by a secondary staff office, powder room, and a fully built catering kitchen with adjoining butler’s pantry. This level transitions efficiently toward the rear with a service staircase connection to the parlor floor, allowing separation between front-of-house and support functions. Above, the parlor level acts as the primary reception and client-facing floor, organized around a formal foyer and gallery that leads into a large conference room or guest lounge, supported by an additional service pantry that enables hosting, presentations, or institutional use.

The third and fourth floors shift toward core office functionality, each level configured with three perimeter offices and supporting powder rooms, creating consistent, repeatable office layouts ideal for private offices, partner suites, or consulting rooms. These floors benefit from strong front and rear exposures, allowing perimeter rooms to function as executive offices or high-end meeting spaces while maintaining efficient internal circulation around the central stair and elevator core. The fifth floor introduces a more residential-style layout, featuring two large rooms that can operate as offices or private suites, complemented by a full bathroom and a substantial walk-in closet, offering flexibility for live-work users or executive accommodations.

At the top of the building, the sixth floor transforms into a penthouse-level environment anchored by a full living room and kitchen layout that opens directly onto a private terrace, creating a seamless indoor-outdoor condition that is rarely found in Midtown townhouse product. This level functions equally well as an executive suite, entertaining space, or residential component within a broader office or institutional use. Above, a full roof garden provides an additional outdoor environment with open skyline exposure, significantly extending the usable footprint and creating opportunities for events, informal meetings, or private use.

The cellar level supports the entire building with infrastructure and utility functions including workshop space, wine storage, laundry, boiler room, storage, and mechanical systems, ensuring that operational needs are fully contained without compromising upper floor usability . Across all levels, original architectural detailing such as fireplaces, moldings, and millwork remain intact, integrated alongside updated systems that allow the building to function at a modern standard while preserving its historic character.

Notes:
• 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.


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122 E. 38th Street, New York, NY 10016
Building at 122 E 38 St

About the Building

122 East 38th Street is a six-story commercial townhouse with approximately 6,750 square feet above grade and an additional 1,372 square feet at the cellar level, for a combined footprint of roughly 8,100 square feet. The building sits on a lot of approximately 1,372 square feet with a building footprint of about 4,092 square feet and was constructed in 1915. It is classified as a Class B office asset and includes one passenger elevator servicing the main floors.

The asking price is approximately $7,250,000, equating to about $1,074 per square foot. A prior recorded sale was approximately $5,125,000, or about $759 per square foot. Annual real estate taxes are approximately $110,850, and estimated operating expenses for office use range between $32 and $36 per square foot.

The property is located in the Murray Hill submarket near Grand Central Terminal, with immediate access to multiple subway lines and regional rail. Building use efficiency is estimated between 64 percent and 80 percent depending on configuration. The structure is delivered fully vacant and benefits from a flexible Certificate of Occupancy allowing office, institutional, medical, embassy, or residential conversion use, with six full floors plus cellar and a roof terrace.


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