Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

RENTED AT $25,000/mo

Listed at $30,000/mo · Rented 16.7% below asking · Leased March 4, 2026

Looking for something similar?
Closed For Rent Rental

$30,000/mo

$6 per sq ft

242 E 49th Street

Midtown East, Manhattan

MLS® #RLS20057937

RLS at REBNY

Listing by Yoreevo LLC

NYC FARE Act Notice: Under NYC Local Law 119 (effective June 2025), if the landlord hired the broker, the tenant is not responsible for the broker fee. Ask about fee responsibility before scheduling a viewing.

5

Bedrooms

6.5

Baths

5,395

Sq. Ft.

1900

Year Built

Quick Summary

Bedrooms 5
Bathrooms 6 full, 1 half
Living Area 5,395 sq ft
Lot Size 1,907 sq ft
Year Built 1900
Ownership RentalBuilding
Neighborhood Midtown East
Floor 5

Property Highlights

  • Exposure: North,South facing
  • Outdoor Space: Balcony
  • Character: Pre-war building (1900)

Property Details

Type Rental
Ownership Rental Building
Total Rooms 9
Baths 5 Full, 1 Half
Floor 5
Exposure North,South
Heating None
Pets Yes
Cross Street 2nd Ave / 3rd Ave
Year Built 1900
Living Area 5,395 sq ft
Structure Type Townhouse
Flooring Hardwood
Furnished Unfurnished
Lot Size 1,907 sq ft
Parcel # 1322-0132
Block/Lot 01322/0132

Description

Sunny, refined, and move-in ready with fresh updates to every floor, this single-family townhouse rental offers every desirable amenity. 242 East 49th Street, once home to Bob Dylan, boasts five bedrooms including a full floor master suite with a balconied bath and steam room, a stone-tiled kitchen full of top-of-the-line appliances, library and an elevator. It is a blank slate ready to accommodate any lifestyle with unique New York City outdoor spaces. In addition to a parlour floor terrace and spacious South-facing rear yard, the townhouse has private access to Turtle Bay Gardens. The exclusive oasis is akin to entering Wonderland where residents can stroll a lush lane and enjoy several Roman-inspired fountains throughout.

Garden Floor:
Through the main entrance you reach the stone-tiled foyer. On the left is the renovated kitchen with stone flooring and counters, mosaic backsplashes, and deluxe appliances including a 6-burner Wolf range and stainless-steel Sub-Zero refrigerator. A powder room and elevator are nearby. On your right is a spacious walk-through pantry and china cabinet leading to the formal dining room. Three tall arch-top windows drench this room in sun, while an arch-top glass door opens out to the garden.

The flagstone patio is the ideal place for a summer dinner or cocktail hour. On your right, brick steps curve up to the second story terrace, creating a bi-level outdoor entertaining area. Ascend a few stone steps and swing open a low wooden gate to enter Turtle Bay Gardens. Stroll down the central path and experience the silence and relaxation of this private park.

Parlour Floor:
Up the stairs and through arch-top doors you reach the parlour level library. A decorative fireplace, built-in floor-to-ceiling bookshelves, and French windows combine to make this the library of any bibliophiles dreams. The rear parlour is an ideal entertaining space with soaring ceilings, a decorative fireplace, shining hardwood flooring, and a floor-to-ceiling mirror. Three sets of graceful French doors open onto the Mediterranean terrace where guests can enjoy the view of Turtle Bay Gardens, or descend curving steps to the flagstone patio and explore the Gardens firsthand.

Third Floor and Fourth Floors:
The rear guest bedrooms on the third and fourth floors have decorative fireplaces and walk-in closets and features such as french doors, Juliet balconies overlooking the gardens and gleaming hardwood floors. Adjoining each rear bedroom, a full bath with tub has been renovated with cream-colored marble. Another full bath is available in the hallway, with a glass shower and marble tile. The front bedrooms on these two levels enjoy an alcove, hardwood flooring, a fireplace, and three sun-drenched windows.

Fifth Floor:
Exit the elevator or ascend the stairs to the master suite level. The master bath is built for hours or relaxation with a Steamist steam bath sauna and Juliet balcony and a windowed dressing room with plenty of room for the most extensive wardrobe. The master bedroom has high, beamed ceilings, a decorative fireplace and three sets of French doors that open to the master terrace overlooking the garden.

Cellar:
Cellar includes a semi-finished space with a laundry room with side-by-side washer and dryer, a wood-paneled storage room, and a powder room. The building mechanicals are also stored on this level.

All dimensions are estimates. We support Fair Housing.





Features & Amenities

Interior Features

High Ceilings Building None In Unit Flooring: Hardwood

Exterior Features

Building Garden Balcony Building Balcony Garden Private Outdoor Space Under60 Sqft Balcony

Appliances

Dishwasher Microwave Stainless Steel Appliances

Rental Details

Available

3/4/2026

Security Deposit

$30,000

Fee Disclosure NYC FARE Act

Estimated Move-In Costs

First Month's Rent

$30,000

Security Deposit

$30,000

Application Fee

$20

Under NYC's FARE Act (Local Law 119), if the landlord hired the broker, the tenant is not responsible for the broker fee. Always confirm fee responsibility before signing.

Midtown East is a dynamic hub that serves as the gateway to Manhattan for many. Home to iconic landmarks like Grand Central Terminal and the Chrysler Building, the neighborhood offers unparalleled convenience for commuters and professionals. The residential landscape is a mix of high-rise luxury towers and charming side-street cooperatives, providing a wide array of options for those who want to be at the center of the city's energy.

Midtown East Live Market Data

View Neighborhood

Active Listings

218

Median Asking Price

$1.73M

Median $/Sqft

$1,656

Avg Days on Market

N/A

New This Week

7

Price Reduced

26%

Sold (30 Days)

12

Median Sale Price

$1.31M

Live data from RLS at REBNY • Updated 3/24/26, 6:03 PM EST

Recently Sold in Midtown East

View All

Location

Loading map...

242 E 49th Street, Midtown East, New York County • Near 2nd Ave / 3rd Ave

Virtual Tour

Floor Plans

Floor Plan - Floor Plan

Floor Plan

MLS® ID: RLS20057937
First Listed: 11/3/2025
On Market: 11/3/2025
Price Changed: 11/12/2025
Closed: 3/4/2026
Contract Date: 11/3/2025

Listing Courtesy of Yoreevo LLC - James McGrath

Listing Contact: (212) 365-0151

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 3/24/2026 at 10:03 PM UTC

NYC Renter Guides

FARE Act: Who Pays Broker Fees Now?

The 2025 law that shifted broker fees from tenants to landlords.

Read article

NYC Renter's Rights 2026

Broker fee law, rent stabilization, and tenant protections.

Read article

Renting vs. Buying in NYC 2026

The math on when buying makes more sense than continuing to rent.

Read article

NYC Real Estate Market Report 2026

Data-driven analysis of prices, inventory, and trends across NYC.

Read article

Interested in this property?

Get a response within 2 hours

Your info is secure and never shared.

View Active Listings Call Milton