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38 West 26th Street PH12AB

New York City NY, 10010

$6,400,000


$1,163.64 per sqft

Sold

3 Beds

2 Baths

5,500 sqft

Co-op

Built in 1909

Truly one-of-a-kind 5,500 square foot PRE-WAR PENTHOUSE LOFT just a block away from Madison Square Park

This expansive full floor loft with four exposures and soaring ceilings was meticulously renovated by the owner, a renowned German artist. A keyed elevator opens onto private landing hallway on 12th floor and the massive 60' by 99' floor plate. Ceiling heights range from 10'10" to 20'10", and 22 oversized windows and two large skylights flood the entire loft with light in this free-standing building. The loft was originally designed for the owner's live-work and international pied-a-terre lifestyle by the architect, Reinhold Martin.

The South side of the loft spans 110' of the frontage from East, South to West with 12 large windows. This open public space consists of an extravagant living area with a vintage wood burning fireplace, a large chef's kitchen, a dining area, and a bookshelf-lined library. Two bedrooms with abundant light are on the East side of the loft, and two full bathrooms decorated with Moroccan tiles are on the West side. Appliances include a 36" wide SubZero refrigerator, a professional Thermador oven, a Miele dishwasher and Miele washer & dryer.

The North side of the loft is another sensational scaled open space, once used as the artist's studio and office. It can easily be turned into multiple bedrooms or a large primary bedroom with ensuite bathroom, as the plumbing risers in the Northwest corner of the loft are already in place. This impressive loft with its open design provides endless possibilities to create your own layout.

The design of the space and the custom-built cabinetry by Walter Nikkels are a perfect representation of the Bauhaus design with exceptional attention to detail and craftsmanship. The flooring throughout the loft is made up of hand selected planks of rare rift-sawn thick white oak and is in excellent condition.

The building has a common roof deck one floor up which can be easily reached by the common stairs.

38 West 26th Street is a former leather sawing factory built in 1909. The building has 16 residential units, one commercial unit, two elevators and a service elevator, a full-time superintendent, and video intercom system. The building has undergone numerous improvements in the recent years, including Local Law 11, facade repair, exterior iron work, elevator upgrades, sidewalk replacement, installation of a new water tank, a new roof, and new front entrance doors.

This well-run Co-op has incredibly low monthly common charges of approx. $1.00/mo. per square foot due to substantial rental income received from the ground floor tenant, a high-end restaurant. The recently negotiated market rent lease has 13 years remaining.The Co-cp allows: Pied-a-terre, Sub-leasing, Financing, Guarantors, Co-purchasing, Parent gifting, Pets, and No flip tax. Alterations and unit improvements welcomed by the Board.

38 West 26th Street is perfectly situated where uptown meets downtown, and seconds from pedestrian Broadway and historic Madison Square Park, a stunning seven-acre urban oasis and cultural hub. Enjoy the best of city living with world-class shopping, top restaurants, entertainment, and grocers such as Eataly, Fairway and Whole Foods. Transportation options nearby include the N, R, W, F, M and 6 subway

RPLU-5123138002

MLS ID

August 7, 2024

Listed

December 4, 2024

Updated

Map

38 West 26th Street PH12AB
New York City NY, 10010

Interior Features

Total Stories

12


Bedrooms

3


Total Bathrooms

2


Full Bathrooms

2


Interior Features

Dining Area


Appliances

Washer Dryer Allowed


Laundry Description

Building None, Washer Hookup, In Unit


Fireplace

Yes


Fireplace Description

Other


Cooling

No


Cooling Description

Electric, Zoned


Heating

No

Exterior/Building Features

Exterior Features

Building Roof Deck, None


Architectual Style

Loft

Other Property Details

Maintenance Fee

$5,690


Maintenance Fee Frequency

Monthly


Garage

No


View

Yes


View Description

City


County

NewYork


Pool

No


Zoning

M1-6

Listing History

Date

Event

Price

11/1/2024

Price change

$6,400,000

-9%

11/1/2024

Sold

$6,400,000

Listed by Yoko Sanada with Douglas Elliman Real Estate
Listing Contact: (917) 689-1767 

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the “RLS”). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024  The Real Estate Board of New York, Inc., All rights reserved

Data last updated on 12/4/2024 at 5:14 PM UTC

 

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