38 E Fourth St
New York, NY 10003
Multifamily Property For Sale · 15 Units

Executive Summary
38 East 4th Street, formerly known as The Lafayette House, is a five-story, 7,005± square foot Greek-revival townhouse located between Lafayette Street and the Bowery in the heart of the NoHo District. This iconic brownstone was built in 1848 and is located on one of the most fashionable streets in New York City. From 2006 to 2019, the property was operated by owners Eric Goode and Sean MacPherson as a boutique hotel and short-term stay accommodating tourists, friends, and family, and even
overflow guests from the nearby Bowery Hotel. Eric and Sean, who between them opened art nightclub Area and notable hot spots like B Bar & Grill, The Waverly Inn, The Park, The Maritime, The Ludlow Hotel, The Jane and The Bowery Hotel, converted the brownstone to feel more like a pied-à-terre than a hotel, so each of the fifteen spacious, hardwood-floored rooms is individually decorated with grand fireplaces, brass fittings in the bathrooms and antique furnishings.
Investment Opportunity
38 East 4th Street will be delivered vacant and is an ideal townhouse or multifamily conversion opportunity. It can also be an excellent owner/user property for non-profits, foundations, hedge funds, family offices, and medical professionals. Located in NYC’s epicenter of modern hotels, upscale stores, art, history, and entertainment, 38
East 4th Street is on the same street as The Merchant’s House Museum (29 East 4th Street) and in close proximity to Greenwich Village, Washington Square Park, Tompkins Square Park, and NYU. 38 East 4th Street allows investors to capitalize on both short-term value-add renovations and long-term appreciation.
Townhouse Conversion Opportunity
38 East 4th Street is a prime townhouse conversion opportunity given its central location to some of New York’s most affluent neighborhoods. With area townhouse sale prices averaging more than $2,400 per square foot in 2025, 38 East 4th Street is a rare opportunity to build a custom townhouse at below-market prices. Median Household Income has averaged $223,000+ over the past couple of years, with 4.51% 5-year growth offering townhouse occupiers the opportunity to live amongst some of New York’s wealthiest residents.
The property does not have a Certificate of Occupancy, and the building’s air rights have been sold.