Luxury pick of the week

A Murray Hill three bedroom with a curved wall of windows, for $3,000,000

The facade of the 1988 building is distinctive thanks to its fluted towers.

Douglas Elliman

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2020
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Welcome to Brick Underground’s luxury pick of the week, a feature spotlighting a condo, co-op, or townhouse for sale with an asking price of at least $3,000,000, the current entry threshold for luxury apartments in Manhattan. If you’re in the market for a high-end abode, you should know that while sales have slowed considerably over the past couple of years, that trend is starting to reverse as sellers come to grips with the new market reality and adjust their prices accordingly. It's good news for your wallet—just be aware that many luxe listings won’t linger on the market indefinitely. For more information, check out Brick Underground’s tips on buying a luxury apartment in NYC.

A recent price drop brought this Murray Hill condo, 330 East 38th St., #24NO, just to the threshold of luxury pricing in New York City. The apartment, with three bedrooms and four baths, is currently asking $3,000,000, after a 6 percent cut in November. Monthly taxes are $2,218 and monthly common charges are $1,801.

According to StreetEasy, this combination apartment has been on and off the market since May 2018, when it was listed for $3,500,000. 

For comparison, another listing in the building offers buyers the opportunity to combine two apartments, #30MN, to create a four bedroom, four bath—the adjacent listings are being sold together for $3,650,000. And a slightly smaller, already combined apartment, #33CD, with an asking price of $2,950,000, is in contract.

The 840-unit building with 54 floors is distinctive. Completed in 1988 and occupying an entire block, the facade has fluted towers that create curved walls of windows.

Apartment #24NO has south- and east-facing views. The living room has a wall of 18 large windows overlooking the East River.

The renovated kitchen has Sub-Zero and Bosch appliances.

There's a separate dining room that is large enough to be used as a fourth bedroom.

The terrace has river views.

Amenities include a 17,000-square-foot health club with a glass-enclosed pool, sauna, steam room, Jacuzzi, quarter-mile outdoor jogging track, golf simulator, yoga/fitness classes, and a 28,000-square-foot sun deck with private jogging track. There is also a children's playroom, concierge, dry cleaning, housekeeping, a business center, and valet parking.

The building has a horseshoe driveway with a porte-cochère and a private parking garage.