The Real Deal New York

Gingerbread-style carriage house returns to market in time for holidays

The Bowdoin Stable, housing arts center, will be delivered vacant

December 03, 2012 12:00PM
By Katherine Clarke

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The 38th Street property

‘Tis the season for a gingerbread house to hit the market, and the owners of the closest thing in New York City have not disappointed. The George S. Bowdoin Stable, a landmarked carriage house at 149 East 38th Street has come back on the market in time for the holidays, asking $8.25 million.

The home, which has been on the market several times since last year, is listed by Joel Weinberg of DTZ. The asking price represents a more than $5 million discount off the property’s original asking price of $13.99 million. It was first listed by Mobius Realty in 2011 and then by Sotheby’s International Realty earlier this year. The property was last taken off the market in July, asking $9.3 million.

The building currently houses the Gabarron Foundation Carriage House Center for the Arts, a foundation supporting U.S. and Spanish art. A Spanish buyer paid $5 million for the property in 2005, according to public records. Weinberg was not immediately available for comment.

The three-story Dutch Revival-style building, zoned for residential use, features 7,400 square feet of interior space. It was originally built in 1902 for real estate developer and business man William Martin. It was named after its second owner, George Bowdoin, who bought it in 1907, it was previously reported. The building was converted into a carriage garage in 1917.

The building’s façade features sculpted horse heads and the head of a bulldog standing guard from the top of the gable, according to the listing. The three-bedroom property also has a terrace and garage. It will be delivered vacant.

The Gabarron Foundation did not immediately respond to a request for comment.

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