Highlights
•Prime NoHo location •Strong townhouse conversion potential •Surrounded by extensive cultural, retail, and lifestyle amenities •Delivered vacant •Value-add opportunity •Excellent access to public transportation
Description
38 East 4th Street, historically known as The Lafayette House, is a five-story Greek Revival townhouse encompassing approximately 7,005 square feet, ideally located between Lafayette Street and the Bowery in the heart of NoHo. Originally constructed in 1848, this iconic brownstone sits on one of New York City’s most sought-after and fashionable streets. From 2006 through 2019, the property operated as a boutique hotel and short-term residence under the ownership of Eric Goode and Sean MacPherson, accommodating travelers as well as overflow guests from the nearby Bowery Hotel. Known for creating some of New York’s most influential hospitality and nightlife destinations, the owners transformed the building into a refined pied-à-terre-style experience, with fifteen generously sized rooms featuring hardwood floors, decorative fireplaces, brass bathroom fixtures, and curated antique furnishings. Investment Opportunity : Delivered vacant, 38 East 4th Street presents a compelling opportunity for townhouse or multifamily conversion, as well as for owner-users such as non-profits, foundations, hedge funds, family offices, or medical professionals. Positioned at the crossroads of New York City’s premier hotels, upscale retail, arts, history, and entertainment, the property is located on the same block as the Merchant’s House Museum and within close proximity to Greenwich Village, Washington Square Park, Tompkins Square Park, and NYU. The asset offers investors the ability to execute short-term value-add improvements while benefiting from strong long-term appreciation fundamentals. Townhouse Conversion Potential : Given its prime NoHo location near some of Manhattan’s most affluent neighborhoods, 38 East 4th Street represents an exceptional townhouse conversion opportunity. With area townhouse sales averaging over $2,400 per square foot in 2025, the property offers the ability to create a custom residence at a basis below prevailing market pricing. The surrounding area boasts median household incomes exceeding $223,000, with sustained growth trends supporting long-term value. The property does not currently have a Certificate of Occupancy, and its air rights have been sold.
Listing Details
- Space Type
multifamily
- Sub Category
apartments-building
- Sale Type
1031 Exchange
- Date Listed
2/3/2026
- Investment Type
Value Add
Property Specifics
- Property Name
38 E 4th St, New York
- No of Buildings
1
- No of Stories
5
- Building Size
7,005 SF
- Lot Size
2,411 SF