NYC property data › Manhattan › Midtown › 5 East 38 Street

5 East 38 Street

Midtown, Manhattan · Commercial & office · BBL 1008680008

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28Units
12Floors
82,878Building sq ft
7,406Lot sq ft
1920Year built
C5-2.5Zoning
11.19 of 12.00Built FAR
$26.5M · 2006Last sale
31DOB permits
0Open violations

Who owns this building?

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Sales history

RecordedDocumentAmount
2006-05-15Deed$26,500,000

Source: NYC ACRIS. A $0 amount means the deed records no consideration — common on estate, correction and in-family transfers, and not a sale price of zero.

Recent DOB permits

IssuedTypeWork
2025-10-21Renewal Permit with ChangesSprinklers
2025-09-02Initial PermitGeneral Construction
2025-08-11Initial PermitSuspended Scaffold
2025-06-26Initial PermitSidewalk Shed
2025-04-30Renewal Permit Without ChangesMechanical Systems

Source: DOB NOW approved permits, which covers 2017 onward. 31 permits on file for this lot.

Motivated-Seller Score

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Owner debt & loan position

The most recent open mortgage recorded against this lot, when it was recorded, and how far into its term it is.

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Who finances deals like this

The lenders with the most recorded office mortgages in Manhattan since 2021, from public ACRIS filings.

  1. Deutsche Bank Ag, New York Branch — 21 loans, typically $11.23M–$38.17M
  2. Athene Annuity And Life Company — 14 loans, typically $3.17M–$45M
  3. Safra National Bank Of New York — 9 loans, typically $328K–$20M
  4. Metlife Real Estate Lending LLC — 8 loans, typically $1.15M–$25M
  5. Corebridge Institutional Investments (u.s.), LLC — 5 loans, typically $37.71M–$54.61M
Match this deal to 179 lenders

Other lots on this block

Recent sales in Midtown

Midtown commercial real-estate market data →

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Compiled from NYC Open Data: PLUTO (lot and building attributes), ACRIS (deeds and mortgages), DOB NOW (permits) and HPD (violations). Public record, presented as recorded; Crezly does not warrant it. BBL 1008680008 · data refreshed 2026-08-14

Development & air rights

93% Utilization — built floor area as a share of the estimated as-of-right maximum

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Estimated from NYC PLUTO zoning data. This is not a zoning analysis — confirm with a zoning attorney or architect before relying on it. As-of-right only: excludes bonuses, air-rights transfers and variances.