Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $6,090,000

· Closed April 7, 2015

38 E 1ST Street #3C
Closed For Sale Co-op

$6,090,000

$1,218 per sq ft

38 E 1ST Street #3C

East Village, Manhattan

MLS® #RLS10066480

RLS at REBNY

Listing by The Corcoran Group

3

Bedrooms

3

Baths

5,000

Sq. Ft.

1920

Year Built

Quick Summary

Bedrooms 3
Bathrooms 3
Living Area 5,000 sq ft
Year Built 1920
Ownership Co-op
Maintenance $1,988/mo
Neighborhood East Village
Floor 3

Property Highlights

  • Views: City
  • Exposure: East,North,South,West facing
  • Outdoor Space: Terrace

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 8
Baths 3 Full
Floor 3
View City
Exposure East,North,South,West
Cooling Central Air
Pets Yes
Cross Street Bowery & First
Year Built 1920
Living Area 5,000 sq ft
Architectural Style Prewar
Parcel # 0443-0056-00038-000-000003C

Listing History

Event Date Price Change
Listed Mar 20, 2014 $12,000,000 -
Price Reduced Aug 13, 2014 $6,500,000 -45.8%
Currently Apr 27, 2026 $6,090,000 -6.3%

Description

Approx 5000, this loft, once a school house with 16' ceilings, 33 windows across four exposure, immediately commands your attention. Grand entrance gallery leads to the double sized living room, paneled library, and festive dining room, are well served by sun-flooded and well appointed chef's eat-in-kitchen. Generously-sized walk-in closets and a spa-like marble bath, compliment a gracious master bedroom. The second and third bedrooms are equally well proportioned, each with en-suite baths. The thoughtful renovation includes such modern conveniences as central air-conditioning, a kick ass central sound system, and of course, the ever important W/D, and also enjoys a uniquely low maintenance. Your search for a truly magnificent loft located within epicenter of the art world is over.

Features & Amenities

Interior Features

Separate Formal Dining Room Eat In Kitchen Common Area

Exterior Features

Terrace

Building Information

Building Data View Compliance & Permits
Total Units 12
Style Prewar

Financial Details

Maintenance $1,988/mo
Original Price $12,000,000
Sale Price $6,090,000
Previous Price $6,500,000

The East Village remains New York’s epicenter of counter-culture and artistic expression. Known for its active street life, community gardens, and legendary music venues, the neighborhood offers an energy unlike any other. The real estate market is characterized by historic tenement-style cooperatives, historic low-rise walk-ups, and a growing selection of modern boutique condominiums that offer luxury amenities in Downtown Manhattan.

East Village Live Market Data

View Neighborhood

Active Listings

99

Median Asking Price

$1.29M

Median $/Sqft

$1,763

Avg Days on Market

N/A

New This Week

9

Price Reduced

24%

Sold (30 Days)

4

Median Sale Price

$1.41M

Live data from RLS at REBNY • Updated 4/27/26, 11:43 AM EST

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Location

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38 E 1ST Street #3C, East Village, New York County • Near Bowery & First

Floor Plans

Floor Plan
Floor Plan

Building Information

Official NYC property records for this building

1901
Year Built
125 years old
2
Floors
2
Residential Units
R6B
Zoning District
Two Family Dwellings

Tax & Assessment

Assessed Value: $145,500
Land Value: $18,000
Exemptions: $1,420

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 1,703 SF
Building Area: 1,600 SF
Built FAR: 0.94
Allowed FAR: 2

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed monthly maintenance are $1,988 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 3 bedrooms and 3 full bathrooms.

The listed interior living area is 5,000 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1920, making it approximately 106 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $6,090,000 for 5,000 sq ft, the asking price per square foot is approximately $1,218. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10066480
First Listed: 3/20/2014
Price Changed: 8/13/2014
Closed: 4/7/2015
Contract Date: 3/20/2014

Listing Courtesy of The Corcoran Group - Maria M Manuche

Listing Contact: (917) 328-2338

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. ©2026 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.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 4/27/2026 at 3:43 PM UTC

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