Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $345,000

· Closed December 4, 2021

242 E 38th Street #3-H
Closed For Sale Co-op

$345,000

$726 per sq ft

242 E 38th Street #3-H

Murray Hill, Manhattan

MLS® #RLS10717811

RLS at REBNY

Listing by Compass

Studio

1

Bath

475

Sq. Ft.

1956

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Living Area 475 sq ft
Year Built 1956
Ownership Co-op
Maintenance $841/mo
Neighborhood Murray Hill
Floor 3 of 6

Property Highlights

  • Exposure: West facing
  • Climate Control: Window Units

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Floor 3 of 6
Exposure West
Cooling Window Units
Pets Yes
Cross Street Third Avenue/Second Avenue
Year Built 1956
Living Area 475 sq ft
Block/Lot 918/35

Listing History

Event Date Price Change
Listed May 12, 2021 $345,000 -
Price Reduced Dec 4, 2021 $355,000 +2.9%

Description

Own for Less Than Renting! Huge alcove studio with a sensible layout that flows so well. This quiet, west-facing comfortable home has a pleasant tree-lined exposure and excellent light throughout the day. The large windowed kitchen is recently renovated and includes country-style cabinets and stainless steel appliances.
Adjacent to the windowed bath is an extra-large dressing area and seemingly, everywhere you turn, there's extra space. Other features include newly installed solid oak wood flooring, 8'7' ceilings, deep closets and a very low 841/month maintenance.
242 is a six story elevator Co-op with a live-in Superintendent. It situated in an historic Murray Hill neighborhood convenient to Grand Central Station, shopping and many fine restaurants. This financially sound, impeccably maintained building allows co-purchasing and pied-a-terres. Pets are permitted.

Features & Amenities

Interior Features

Entrance Foyer Common Area

Building Information

Stories 6

Financial Details

Maintenance $841/mo
Sale Price $345,000
Previous Price $355,000

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

259

Median Asking Price

$850K

Median $/Sqft

$1,213

Avg Days on Market

N/A

New This Week

10

Price Reduced

29%

Sold (30 Days)

25

Median Sale Price

$800K

Live data from RLS at REBNY • Updated 4/22/26, 4:41 AM EST

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Location

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242 E 38th Street #3-H, Murray Hill, New York County • Near Third Avenue/Second Avenue

Floor Plans

Floor Plan

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 $841 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 0 bedrooms and 1 full bathroom.

The listed interior living area is 475 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1956, making it approximately 70 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.

At the current list price of $345,000 for 475 sq ft, the asking price per square foot is approximately $726. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. 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: RLS10717811
First Listed: 5/12/2021
Price Changed: 12/4/2021
Closed: 12/4/2021
Contract Date: 5/12/2021

Listing Courtesy of Compass - Jeffrey Bua

Listing Contact: (917) 991-1792

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 4/22/2026 at 8:41 AM UTC

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