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  5. 242 E 38th St
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242 E 38th St

242 E 38th St Unit 2a, Manhattan, NY, 10016

YEAR BUILT

1955

# STORIES

6

# TOTAL UNITS

17

UNIT SIZE RANGE

376-750 sqft

Description

242 E 38th St sits in Manhattan’s historic Murray Hill district, near the intersection of East 40th Street and 2nd Avenue. This six-story high-rise building contains a total of 15 condominium units. Constructed in 1955, it features city views that add to the charm of urban living. The nearest major water body is the East River. Unit sizes range from 376 to 750 square feet. The building offers both 1 and 2 bedrooms for different needs. Prices for units vary from around $446,078 to about $665,000. Over the past year, the average price per square foot landed at $798, reflecting the market trends in the area. The lowest sold price in the last 12 months was around $300,000. The building’s average days on market sits at 562. This gives a sense of how properties typically move in this neighborhood. Amenities support daily life and community engagement. An elegant terrazzo stone lobby welcomes residents and visitors alike. A video intercom security system enhances safety for everyone living here. A live-in superintendent helps manage day-to-day operations and accepts packages for residents. The building includes central laundry facilities, bicycle storage, and private cage storage. Those needing internet access will find it wired for FiOS. High ceilings and floor-to-ceiling windows in some units allow for ample natural light, creating a bright atmosphere. Nearby options for groceries, dining, and entertainment abound. Markets include 7 Marketplace Inc, while restaurants like Best Wingers Inc and Bravest offer nearby meal choices. The famous Grand Central Station and the East River Walk are accessible, providing options for leisure and convenience. Tennis, handball, and basketball courts are available at St. Vartan Park, promoting an active lifestyle.

Building ImageMLS ID #RLS20050784
Building ImageMLS ID #RLS20050784
Building Image
Building ImageView Listing

242 E 38th St

242 E 38th St Unit 2a, Manhattan, NY, 10016

YEAR BUILT

1955

# STORIES

6

# TOTAL UNITS

17

UNIT SIZE RANGE

376-750 sqft

Description

242 E 38th St sits in Manhattan’s historic Murray Hill district, near the intersection of East 40th Street and 2nd Avenue. This six-story high-rise building contains a total of 15 condominium units. Constructed in 1955, it features city views that add to the charm of urban living. The nearest major water body is the East River. Unit sizes range from 376 to 750 square feet. The building offers both 1 and 2 bedrooms for different needs. Prices for units vary from around $446,078 to about $665,000. Over the past year, the average price per square foot landed at $798, reflecting the market trends in the area. The lowest sold price in the last 12 months was around $300,000. The building’s average days on market sits at 562. This gives a sense of how properties typically move in this neighborhood. Amenities support daily life and community engagement. An elegant terrazzo stone lobby welcomes residents and visitors alike. A video intercom security system enhances safety for everyone living here. A live-in superintendent helps manage day-to-day operations and accepts packages for residents. The building includes central laundry facilities, bicycle storage, and private cage storage. Those needing internet access will find it wired for FiOS. High ceilings and floor-to-ceiling windows in some units allow for ample natural light, creating a bright atmosphere. Nearby options for groceries, dining, and entertainment abound. Markets include 7 Marketplace Inc, while restaurants like Best Wingers Inc and Bravest offer nearby meal choices. The famous Grand Central Station and the East River Walk are accessible, providing options for leisure and convenience. Tennis, handball, and basketball courts are available at St. Vartan Park, promoting an active lifestyle.

Next

Description

242 E 38th St sits in Manhattan’s historic Murray Hill district, near the intersection of East 40th Street and 2nd Avenue. This six-story high-rise building contains a total of 15 condominium units. Constructed in 1955, it features city views that add to the charm of urban living. The nearest major water body is the East River. Unit sizes range from 376 to 750 square feet. The building offers both 1 and 2 bedrooms for different needs. Prices for units vary from around $446,078 to about $665,000. Over the past year, the average price per square foot landed at $798, reflecting the market trends in the area. The lowest sold price in the last 12 months was around $300,000. The building’s average days on market sits at 562. This gives a sense of how properties typically move in this neighborhood. Amenities support daily life and community engagement. An elegant terrazzo stone lobby welcomes residents and visitors alike. A video intercom security system enhances safety for everyone living here. A live-in superintendent helps manage day-to-day operations and accepts packages for residents. The building includes central laundry facilities, bicycle storage, and private cage storage. Those needing internet access will find it wired for FiOS. High ceilings and floor-to-ceiling windows in some units allow for ample natural light, creating a bright atmosphere. Nearby options for groceries, dining, and entertainment abound. Markets include 7 Marketplace Inc, while restaurants like Best Wingers Inc and Bravest offer nearby meal choices. The famous Grand Central Station and the East River Walk are accessible, providing options for leisure and convenience. Tennis, handball, and basketball courts are available at St. Vartan Park, promoting an active lifestyle.

242 E 38th St Market Stats Last 12 months

Avg. Listed Price$439,000
Avg. Sale Price$300,000($798/Sqft.)
Year over year list price0.00%
Year over year sale priceDown Arrow 24.24%
Total Listings2 Listed
Total sold1 Sold
Average Days on Market562 days
Average HOA fees per sqft$1 /monthly
Next

Market Stats

Year over year list price0.00%
Year over year sale priceDown Arrow24.24%
Total Listings2 Listed
Total sold1 Sold
Average Days on Market562 days
Average HOA fees per sqft$1 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

-
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

-
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

242 E 38th St Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 4-B4-B-111692023-08-10
MLS#: RLS10878823 		Closed$432,500
Unit 2A2A-011442019-07-16
MLS#: RLS10019650 		Closed$446,078
Unit 4C4C-211012017-05-02
MLS#: RLS10013951 		Closed$665,000
Unit 2A
2A

0 Beds

1 Baths

- sqft

DateStatusPrice
2019-07-16Closed$446,078
MLS#: RLS10019650
Days On Market144
Unit 4-B
4-B

1 Beds

1 Baths

0 sqft

DateStatusPrice
2023-08-10Closed$432,500
MLS#: RLS10878823
Days On Market169
Unit 4C
4C

2 Beds

1 Baths

- sqft

DateStatusPrice
2017-05-02Closed$665,000
MLS#: RLS10013951
Days On Market101
View Complete Unit Listing HistorySource By: REBNY

Amenities

While specific amenities are not listed, living in a well-maintained condo often means access to delightful features like communal spaces, rooftop access, or fitness centers—a must for enjoying the Manhattan lifestyle. Given the building's age and well-established presence, you might expect classic touches and perhaps beautiful architectural details that add to its charm.

Next

Amenities Description

While specific amenities are not listed, living in a well-maintained condo often means access to delightful features like communal spaces, rooftop access, or fitness centers—a must for enjoying the Manhattan lifestyle. Given the building's age and well-established presence, you might expect classic touches and perhaps beautiful architectural details that add to its charm.

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Central AC
Central AC
Pool
Pool
Fitness Center
Fitness Center
-
Visitors Parking
Visitors Parking

Policies

While we don't have specific policies to share, it’s always a good idea to check on pet policies and communal guidelines when considering a condo, as this can greatly affect your lifestyle and living arrangements in the building.

Pet Allowed
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
242 E 38th St$798/sqft.$1 /sqft.
311 E 38th St$1,200/sqft.$1 /sqft.
308 E 38th St$1,099/sqft.$2 /sqft.
250 E 40th St Unit Ph2a$1,147/sqft.$1 /sqft.
225 E 36th St$868/sqft.$1 /sqft.
201 E 37th St$805/sqft.$1 /sqft.

Nearby Schools

Discover top-rated schools located close to 242 E 38th St.

The River School

A+
Public|Grades PK–4
425 E 35th St|0.29 miles away

P.S. 116 Mary Lindley Murray School

B+
Public|Grades KG–5
210 E 33rd St|0.35 miles away

French-Japanese Edu Institute of Ny

--
Private|Grades PK–12
225 E 43rd St|0.36 miles away

Manhattan Academy for Arts and Languages

D
Public|Grades 9–12
111 E 33rd St|0.47 miles away

Murray Hill Academy

D
Public|Grades 9–12
111 E 33rd St|0.47 miles away

Unity Center for Urban Technologies

A
Public|Grades 9–12
111 E 33rd St|0.47 miles away
Next

Schools

The River School

A+
Public|Grades PK–4
425 E 35th St|Less than 1 Mile Away

P.S. 116 Mary Lindley Murray School

B+
Public|Grades KG–5
210 E 33rd St|Less than 1 Mile Away

French-Japanese Edu Institute of Ny

--
Private|Grades PK–12
225 E 43rd St|Less than 1 Mile Away

Manhattan Academy for Arts and Languages

D
Public|Grades 9–12
111 E 33rd St|Less than 1 Mile Away

Murray Hill Academy

D
Public|Grades 9–12
111 E 33rd St|Less than 1 Mile Away

Unity Center for Urban Technologies

A
Public|Grades 9–12
111 E 33rd St|Less than 1 Mile Away

Aaron School K - 12

--
Private|Grades KG–12
42 E 30th St|Less than 1 Mile Away

Shefa School

--
Private|Grades 1–8
40 E 29th St|Less than 1 Mile Away

The Beekman School

--
Private|Grades 9–12
220 E 50th St|Less than 1 Mile Away

Baruch College Campus High School

A
Public|Grades 9–12
55 E 25th St|Less than 1 Mile Away

The 47 American Sign Language and English Lower School

A
Public|Grades PK–8
223 E 23rd St|Less than 1 Mile Away

American Sign Language and English Secondary School

--
Public|Grades 9–12
223 E 23rd St|Less than 1 Mile Away

British International School of Ny

--
Private|Grades PK–10
20 Waterside Plz L...|Less than 1 Mile Away

Avenues the World School

--
Private|Grades PK–12
11 E 26th St Fl 17|Less than 1 Mile Away

United Nations International School

--
Private|Grades PK–12
2450 Fdr Dr Frnt 1|1.00 Miles Away

The Epiphany School

--
Private|Grades PK–8
234 E 22nd St|1.06 Miles Away

Repertory Company High School for Theatre Arts

C+
Public|Grades 9–12
123 W 43rd St|1.06 Miles Away

School of the Future High School

B-
Public|Grades 6–12
127 E 22nd St|1.07 Miles Away

Ecole Internationale de New York - the Ecole

--
Private|Grades PK–8
111 E 22nd St Fl 3|1.09 Miles Away

Hunters Point Community Middle School

C+
Public|Grades 6–8
150 51st Ave|1.12 Miles Away

Academy for Careers in Television and Film

B+
Public|Grades 9–12
150 51st Ave|1.12 Miles Away

Satellite Academy High School

F
Public|Grades 9–12
120 W 30th St|1.12 Miles Away

Jacqueline Kennedy-Onassis High School

C-
Public|Grades 9–12
120 W 46th St|1.13 Miles Away

Montessori School of Ny

--
Private|Grades PK–6
347 E 55th St|1.15 Miles Away

Learningspring School

--
Private|Grades KG–8
247 E 20th St|1.16 Miles Away

J.H.S. 104 Simon Baruch School

A
Public|Grades 6–8
330 E 21st St|1.16 Miles Away

P.S./I.S. 78Q

A
Public|Grades PK–8
4809 Center Blvd|1.17 Miles Away

Middle School 255 Salk School of Science

A
Public|Grades 6–8
320 E 20th St|1.19 Miles Away

P.S. 40 Augustus Saint-Gaudens School

A+
Public|Grades KG–5
320 E 20th St|1.19 Miles Away

Cathedral High School

--
Private|Grades 9–12
350 E 56th St|1.19 Miles Away

Art and Design High School

B-
Public|Grades 9–12
231 E 56th St # 24...|1.22 Miles Away

P.S. 59 Beekman Hill International School

A
Public|Grades KG–5
231 E 56th St # 24...|1.22 Miles Away

Ballet Tech/Nyc Public School for Dance

A
Public|Grades 4–8
890 Broadway|1.32 Miles Away

Manhattan Village Academy

A+
Public|Grades 9–12
43 W 22nd St|1.33 Miles Away

International High School at Union Square

C+
Public|Grades 9–12
40 Irving Pl|1.41 Miles Away

Gramercy Arts High School

C
Public|Grades 9–12
40 Irving Pl|1.41 Miles Away

Union Square Academy for Health Sciences

C
Public|Grades 9–12
40 Irving Pl|1.41 Miles Away

Academy for Software Engineering

C-
Public|Grades 9–12
40 Irving Pl|1.41 Miles Away

High School for Language and Diplomacy (The)

D+
Public|Grades 9–12
40 Irving Pl|1.41 Miles Away

Success Academy Charter School-Union Square

A
Public|Grades KG–8
40 Irving Pl Fl PL...|1.41 Miles Away

Friends Seminary

--
Private|Grades KG–12
222 E 16th St|1.43 Miles Away

The Atlas School

--
Private|Grades UG–UG
252 W 29th St Fl 3|1.45 Miles Away

High School for Health Professions & Human Services

B-
Public|Grades 9–12
345 E 15th St|1.46 Miles Away

PS 226

--
Public|Grades PK–12
345 E 15th St|1.46 Miles Away

Institute for Collaborative Education

C+
Public|Grades 6–12
345 E 15th St|1.46 Miles Away

Manhattan Comprehensive Night and Day High School

D
Public|Grades 10–12
240 2nd Ave|1.50 Miles Away

De la Salle Academy

--
Private|Grades 6–8
332 W 43rd St|1.53 Miles Away

High School of Fashion Industries (The)

C
Public|Grades 9–12
225 W 24th St|1.54 Miles Away

Clinton School (The)

B+
Public|Grades 6–12
10 E 15th St|1.61 Miles Away

Professional Performing Arts High School

B-
Public|Grades 6–12
328 W 48th St|1.62 Miles Away

Transit

Experience convenience and connectivity with premium transit options just moments away.

11 ST/JACKSON AV

1.64 miles away|32 min walk

11 ST/48 AV

1.65 miles away|32 min walk

11 ST/47 AV

1.66 miles away|32 min walk

11 ST/45 AV

1.7 miles away|33 min walk

10 AV/W 37 ST

1.81 miles away|35 min walk

10 AV/W 40 ST

1.82 miles away|35 min walk
Next

Transit

11 ST/JACKSON AV

1.64 miles away|32 min walk

11 ST/48 AV

1.65 miles away|32 min walk

11 ST/47 AV

1.66 miles away|32 min walk

11 ST/45 AV

1.7 miles away|33 min walk

10 AV/W 37 ST

1.81 miles away|35 min walk

10 AV/W 40 ST

1.82 miles away|35 min walk

10 AV/W 34 ST

1.84 miles away|36 min walk

10 AV/W 42 ST

1.84 miles away|36 min walk

10 AV/W 30 ST

1.87 miles away|36 min walk

10 AV/W 45 ST

1.88 miles away|37 min walk

10 AV/W 47 ST

1.92 miles away|37 min walk

10 AV/W 27 ST

1.94 miles away|38 min walk

10 AV/W 49 ST

1.97 miles away|38 min walk

10 AV/W 25 ST

1.98 miles away|38 min walk

10 AV/W 23 ST

2.04 miles away|40 min walk

11 AV/W 38 ST

2.05 miles away|40 min walk

11 AV/W 42 ST

2.07 miles away|40 min walk

10 AV/W 53 ST

2.07 miles away|40 min walk

11 AV/W 34 ST

2.07 miles away|40 min walk

11 AV/W 44 ST

2.09 miles away|41 min walk

10 AV/W 21 ST

2.11 miles away|41 min walk

11 AV/W 29 ST

2.13 miles away|41 min walk

11 AV/W 47 ST

2.14 miles away|42 min walk

10 AV/W 55 ST

2.15 miles away|42 min walk

10 AV/W 19 ST

2.17 miles away|42 min walk

11 AV/W 26 ST

2.19 miles away|42 min walk

10 AV/W 57 ST

2.2 miles away|43 min walk

11 AV/W 50 ST

2.21 miles away|43 min walk

10 AV/W 18 ST

2.25 miles away|44 min walk

12 AV/W 43 ST

2.26 miles away|44 min walk

12 Av/W 43 St

2.26 miles away|44 min walk

12 AV/W 40 ST

2.27 miles away|44 min walk

12 AV/W 46 ST

2.27 miles away|44 min walk

12 AV/W 33 ST

2.28 miles away|44 min walk

10 AV/W 16 ST

2.29 miles away|44 min walk

12 Av/W 46 St

2.29 miles away|44 min walk

11 AV/W 23 ST

2.3 miles away|45 min walk

11 AV/W 54 ST

2.3 miles away|45 min walk

12 AV/W 48 ST

2.31 miles away|45 min walk

12 AV/W 30 ST

2.31 miles away|45 min walk

12 AV/W 42 ST

2.31 miles away|45 min walk

12 AV/W 23 ST

2.33 miles away|45 min walk

11 AV/W 18 ST

2.33 miles away|45 min walk

12 AV/W 27 ST

2.34 miles away|45 min walk

11th Ave & W 17th St

2.36 miles away|46 min walk

11 AV/W 15 ST

2.38 miles away|46 min walk

11th Ave & W 15th St

2.38 miles away|46 min walk

11 AV/W 57 ST

2.39 miles away|46 min walk

12 AV/W 52 ST

2.4 miles away|46 min walk

11 AV/W 58 ST

2.45 miles away|47 min walk

The Neighbourhood: 242 E 38th St

Murray Hill is a Midtown neighborhood near Grand Central Terminal. The area mixes older brownstones and tall apartment buildings and hosts many restaurants, cafes, and small shops along Lexington and Third Avenue. The district has grocery stores, pharmacies, banks, and fitness centers within short walks of most blocks. Transit options include subway service at Grand Central and nearby stations on the 4, 5, 6, 7 and S lines, plus local buses and easy access to Midtown office corridors. Small parks and tree-lined streets give spots for quick walks and breaks.

Next

Neighbourhood Description

Murray Hill is a Midtown neighborhood near Grand Central Terminal. The area mixes older brownstones and tall apartment buildings and hosts many restaurants, cafes, and small shops along Lexington and Third Avenue. The district has grocery stores, pharmacies, banks, and fitness centers within short walks of most blocks. Transit options include subway service at Grand Central and nearby stations on the 4, 5, 6, 7 and S lines, plus local buses and easy access to Midtown office corridors. Small parks and tree-lined streets give spots for quick walks and breaks.

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242 E 38th St Demographics

Age Demographics

0–14 Years

9.79%

15–29 Years

26.08%

30–44 Years

26.6%

45–59 Years

14.95%

60+ Years

22.59%

Commute

33.93%

Transit

33.27%

Walk

6.16%

Drive

2.3%

Bike

Housing Ownership

32.18%

Owner Occupied

67.82%

Rental Units

Household Types

Single Family
13.75%
Multi Family
1.53%
Single Person
50.97%
Multi Person
49.03%

Average Income

Household:$13,176,426.84 /yr

Individual:$11,832,519.89 /yr

Education

Bachelors Degree40.91%
High School College5.62%
Diploma2.28%
Post Graduate41.4%
Others9.8%
Next

Education

Diploma2.28%
Post Graduate41.4%
Others9.8%
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    242 E 38th St
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