How do you quadruple your money on a Manhattan brownstone? Make it the prettiest around.
Not only was 133 East 38th Street awarded the Murray Hill Architectural Award for best historic restoration–at least that’s what its Corcoran listing declares–but rehabbers extraordinaire Nikola Webb and Paul J. Andersson just sold the place for $4.55 million, exactly the asking price. That is after paying only $1.625 million for the home in 2002. The buyer is Stuart Wallace Thorn, president and CEO of Southwire, a Greorgia-based company that is “one of the worlds largest producers of electrical power cables.” He previously worked for Campbell’s Soup, among other companies.
This exquisite five-bedroom home, with a 40-foot-deep garden, 16-foot-long terrace and 1,000-square-feet of overalloutdoor space is a sight to behold. It drips with molding and original banisters, and even the neighboring rowhouses are a beautiful pair. There are original marble fireplaces and a tastefully renovated kitchen. It’ll outshine any southern mansion, that is for sure. But don’t take our word for it, see for yourself.