Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
242 E 38TH Street #2A
Interested in this property?
Active For Sale Co-op

$479,000

242 E 38TH Street #2A

Murray Hill, Manhattan

MLS® #RLS20043241

RLS at REBNY

Listing by Kleier Residential Inc

Studio

1

Bath

N/A

Sq. Ft.

1955

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Year Built 1955
Ownership Co-op
Maintenance $1,253/mo
Neighborhood Murray Hill
Floor 2 of 6

Property Highlights

  • Views: City
  • Exposure: North,West facing
  • Outdoor Space: Terrace

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 2
Baths 1 Full
Floor 2 of 6
View City
Exposure North,West
Pets Yes
Year Built 1955
Structure Type HighRise
Basement Other
Parcel # 0918-0035-00242-000-000002A
Block/Lot 00918/0035

Listing History

Event Date Price Change
Listed Apr 6, 2026 $498,000 -
Currently May 21, 2026 $479,000 -3.8%

Description

LOFT-LIKE ALCOVE STUDIO WITH CORNER TERRACE

Coveted oversized alcove studio, one of only three apartments in the building with private outdoor space, enjoys sunny open exposures West and North across tree-lined 38th Street. The large square-shaped living room easily accommodates multiple living arrangements and is adjacent to a king-sized sleeping alcove. Both the kitchen and marble and subway tile bath are windowed. The kitchen is outfitted with a mirrored backsplash, stainless appliances and plentiful storage, including a pantry. A dishwasher may be added with board approval.

Closets have been reimagined with Elfa shelving and storage, including a home office with desk off the entrance gallery and an expansive open dressing room. The twenty foot corner terrace with charming brick facade is the perfect spot for al fresco dining. Additional niceties include high ceilings, white oak hardwood floors and blackout window treatments.

Located in the heart of Midtown, in the historic Murray Hill district, this intimate mid-century modern cooperative of 40 apartments has an elegant terrazzo stone lobby, dual entry video intercom security, live-in superintendent who accepts packages, central laundry, bicycle and private cage storage (fee). The building has completed major capital improvement projects including a new elevator and laundry room and is now wired for FiOS.

Shareholders welcome their proximity to Grand Central Station and the Midtown Tunnel, the East River ferry, St. Vartan Park's garden, athletic field, playground and basketball, handball and pickleball courts, AMC Kips Bay IMAX, Target, and many of the city's finest restaurants, boutiques and grocers, including Fairway Market, Trader Joe's and the newly opened Lidl. Guarantors, co-purchasing, pied-a-terre ownership and pets permitted.

Features & Amenities

Interior Features

Building In Basement

Exterior Features

Private Outdoor Space Over60 Sqft Terrace

Building Amenities

Elevators

Appliances

Dishwasher

Building Information

Building Data View Compliance & Permits
Total Units 40
Stories 6
Structure HighRise

Financial Details

Maintenance $1,253/mo
Original Price $498,000
Previous Price $498,000

Murray Hill offers a central Manhattan location with a surprisingly neighborhood-like feel. Known for its historic 'Sniffen Court' and a mix of mid-century high-rises and 19th-century townhouses, it is a popular choice for professionals seeking proximity to Grand Central and Midtown. The neighborhood is particularly well-regarded for offering a wide range of price points, from entry-level studio cooperatives to expansive luxury penthouses.

Murray Hill Live Market Data

View Neighborhood

Active Listings

258

Median Asking Price

$825K

Median $/Sqft

$1,238

Avg Days on Market

N/A

New This Week

12

Price Reduced

35%

Sold (30 Days)

8

Median Sale Price

$850K

Live data from RLS at REBNY • Updated 5/21/26, 4:11 PM EST

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Location

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242 E 38TH Street #2A, Murray Hill, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1923
Year Built
103 years old
14
Floors
M1-9A
Zoning District

Tax & Assessment

Assessed Value: $2,293,650
Land Value: $407,700
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 3,442 SF
Building Area: 47,661 SF
Built FAR: 13.85

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed monthly maintenance are $1,253 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 0 bedrooms and 1 full bathroom.

According to MLS records, the building was constructed in 1955, making it approximately 71 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20043241
First Listed: 8/18/2025
On Market: 4/6/2026
Price Changed: 9/30/2025
Contract Date: 8/18/2025

Listing Courtesy of Kleier Residential Inc - Daniel Ancel Kerin

Listing Contact: (212) 486-4860

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.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/21/2026 at 8:11 PM UTC

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