Condominium · 1960
The 155 Condominium
155 East 38th Street, New York, NY 10016
Buildings·Gramercy·Condominium

155 East 38th Street

155 East 38th Street, New York, NY 10016

CorridorGramercy
At a glance
Year built
1960
Type
Condominium
Units
174
Floors
20
Landmark
No
Pets
Pet-friendly (cats and dogs), per building documentation
Subletting
Permitted under the condominium framework
Pied-à-terre
Allowed
The Data Room

Every recorded sale at this building, 2003–2026

Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.

Median $/sf
$973
Listing discount
3.6%
Recorded sales
111
On record
2003–2026

The 155 Condominium is a full-service Murray Hill building — a 1960 white-brick apartment house, later converted to condominium ownership, near the corner of East 38th Street and Third Avenue and a short walk from Grand Central Terminal. It is not an architectural statement; it is a well-run, amenity-complete condominium that combines condominium flexibility with a rare-for-the-neighborhood amenity set, in one of Midtown's most convenient residential pockets.

The building's proposition rests on two things. First, the amenity load is genuinely full: a 24-hour doorman, a live-in resident manager, a fitness center, a private garden, a common roof deck, and — most valuable in this neighborhood — an on-site parking garage. Buildings that pair a garage, a garden, and a roof deck at a Murray Hill mid-market price point are not common. Second, the condominium structure delivers the flexibility that the neighborhood's cooperatives do not: financing latitude, permitted subletting, pied-à-terre and investment use, and welcoming rules for foreign buyers and entities.

Murray Hill itself is a durable residential market. Bounded by Grand Central to the north, the Morgan Library and the NYPL to the west, and the East Side medical corridor beyond, it draws a steady base of professionals, Grand Central commuters, and buyers who want Midtown access without Midtown intensity. The 155 Condominium sits squarely in that demand, close to the 6 at 33rd Street and the full Grand Central complex at 42nd.

Architecture and unit composition

The 155 Condominium is a mid-century white-brick building — a roughly twenty-story apartment house of 1960 vintage, with the efficient floor plates and central-core planning of its era, above a commercial base. The white-brick facade is characteristic of the postwar Manhattan apartment cycle: functional, uniform, and built for livability rather than ornament.

The apartment mix runs from studios through multi-bedroom layouts, and many units have been renovated over the building's life with hardwood floors, updated kitchens with stone counters and high-end appliances, and modernized baths. Because the building rises well above much of its low-scale Murray Hill surroundings, upper-floor apartments capture open exposures.

Apartment condition varies with individual ownership, as is typical of a mature condominium converted from an older building; buyers should underwrite each unit on its own renovation state rather than a building-wide finish standard.

Building operations

The 155 Condominium operates as a full-service condominium with a 24-hour doorman, a concierge desk, and a live-in resident manager. The amenity set is unusually complete for a Murray Hill mid-market building: a fitness center, a private garden, a common roof deck, an on-site parking garage, central laundry, a bike room, and private storage. The garage in particular is a standout for the neighborhood.

As a condominium, the building offers the flexibility of the ownership form: subletting and pied-à-terre use are accommodated, and foreign buyers, LLCs, and trusts are permitted. Monthly carry is a function of common charges plus separately assessed real estate taxes; buyers should model both, along with any building assessments, during due diligence.

Local Law 97

Carbon-penalty exposure
🟠
Material — penalties in current period, escalating in 2030
2024–2029 annual penalty
$32,466/yr
2030–2034 annual penalty
$150,585/yr
Per unit / month range
$16 – $72
See full Local Law 97 analysis — emissions history, scenarios, methodology →

Facade safety — Local Law 11

Local Law 11 / FISP · last inspection 2020–25
SWARMP
What this means for you

Safe to live in today — but the last inspection flagged repairs that are due on a deadline, so facade work and its cost are coming. Whether that’s a real concern depends on the scope, the timing, and how the building plans to pay for it — reserves or an assessment — which is exactly what we’d dig into for you.

Inspection history
2005–10
SWARMP
2010–15
SWARMP
2015–20
SWARMP
2020–25
SWARMP
2025–30
Due
Next report due
by Feb 2027
On record
$25,000 in filing penalties
The three grades, in buyer terms
SafeGood for ~5 years — no facade assessment on the horizon.
SWARMPSafe now, repairs due on a deadline — budget for the work or a possible assessment.
UnsafeActive hazard: sidewalk shed and repairs now. Expect disruption and an assessment.

QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.

See the full facade history →

Recent sales

Recent closings at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.

DateUnitApartmentPricePPSFvs. Ask
Jun 26, 20269A
5 BR · 1 BA · 600 sf
$580,000$967/sf-3.2%
Apr 20, 202621G
2 BR · 2 BA · 1,173 sf
$1,125,000$959/sf-5.9%
Feb 10, 202617A
5 BR · 1 BA · 600 sf
$563,000$938/sf-6.0%
Jan 16, 20269F
5 BR · 1 BA · 550 sf
$645,000$1,173/sf-0.8%
Jan 12, 202612J
3 BR · 3 BA · 2,200 sf
$1,995,000$907/sfoff-mkt
Oct 14, 20259H
2 BR · 1 BA · 418 sf
$535,000$1,280/sf-5.3%
Aug 13, 20258A
5 BR · 1 BA · 556 sf
$560,000$1,007/sf-8.9%
Nov 19, 202415A
5 BR · 1 BA · 600 sf
$595,000$992/sf-7.8%

Market read. Most recent trades (2026) cleared a median $973/sf across 5 sales. Median listing discount 3.6% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.

The retrade record

Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.

21D · 1,053 sf+70%
$855,000 ($808/sf) 2004$1,030,000 ($978/sf) 2005$1,450,000 ($1,377/sf) 2014
21G · 1,173 sf+61%
$699,000 ($661/sf) 2003$1,080,000 ($1,021/sf) 2012$1,450,000 ($1,236/sf) 2017$1,125,000 ($959/sf) 2026
5K · 878 sf+59%
$650,000 ($740/sf) 2004$899,000 ($1,024/sf) 2007$1,035,000 ($1,179/sf) 2014
18G+52%
$1,385,000 2005$2,100,000 2018
17D · 880 sf+52%
$754,000 ($857/sf) 2006$770,000 ($942/sf) 2011$1,145,000 ($1,301/sf) 2017

Other recent transfers

DateUnitPrice
Oct 1, 202014D$999,000
Dec 5, 201918A$763,688
Oct 15, 200314G$1,750,000
View all 111 recorded sales, sortable

Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00894-7502) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.

What to know if you’re buying

The amenity set is the value here. A garage, a private garden, a roof deck, and a fitness center at a Murray Hill mid-market price is an unusual combination. For buyers who want full-service living and — especially — on-site parking, this is the building's strongest card.

Condominium flexibility distinguishes it from the neighborhood's co-ops. Permitted subletting, pied-à-terre and investment use, and entity-friendly rules give buyers latitude that the surrounding cooperatives do not. Investors and pied-à-terre buyers should weight this.

The location is Grand Central-convenient. The 6 at 33rd Street and the full Grand Central complex at 42nd put the building within easy reach of Midtown, the East Side, and the commuter rail network.

Model the full monthly carry. As a condominium, carry is common charges plus separately assessed taxes; run both, along with any current assessments, rather than a single figure.

Underwrite the apartment on its own condition. As a mature converted building, renovation state varies widely. View the specific unit and price on its recent comparables.

What to know if you’re selling

Lead with the garage and the amenity set. On-site parking, the private garden, the roof deck, and the fitness center are the concrete differentiators that move Murray Hill inventory. Feature them.

Price on square footage, floor, and view. With a heterogeneous apartment stock, per-square-foot comparables on the specific line and floor are the right basis. Upper-floor exposure and outdoor access drive real premiums.

Position condition explicitly. In a mature condominium with wide renovation variation, a clean, move-in apartment stands out. Frame it directly.

Closing timelines are condominium-fast. Without cooperative board approval, condominium closings typically run 30–45 days from contract to closing, subject to any right of first refusal.

Comparable buildings

If you're considering The 155 Condominium, also evaluate:

The Roebling Team at The 155 Condominium

The Roebling Team at Compass works the Murray Hill and Midtown East condominium market as part of our broader Manhattan practice — from the Gramercy and Midtown East corridors to the Park-facing trophy buildings uptown. We publish this building profile because condominium buyers and sellers deserve building-specific intelligence — the amenity reality, the transactional mechanics, and comparable analysis at the apartment level — not generic neighborhood commentary.

If you're considering a purchase or sale at The 155 Condominium, a 30-minute consultation is the right starting point.

The neighborhood

For the full corridor — architecture, schools, transit, and pricing across Gramercy — read The Roebling Team Guide to Gramercy.

Considering a move at The 155 Condominium?

Get the full picture on this building.

The full comp set, a private valuation of your line, or current and off-market availability — sent to you directly.

Or schedule a consultation →
Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com
Considering a sale?

Own an apartment here? See what it would sell for.

A broker’s honest answer to three questions — what your apartment would likely sell for today, what it costs to sell, and what you’d walk away with — for your apartment at The 155 Condominium, in this market. Put together by a person, not an algorithm.