242 East 40th Street

$3,500,000

for sale

4,500 ft²

$777 per ft²

10 rooms

8 beds

7 baths

Rental unit
Murray Hill
Resale

This home has been saved by 1 user.

Listing by Compass, Corporate Broker, 110 5th Avenue, New York, NY 10011

Listing updated in the last 2 days

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Common charges

Not applicable

Estimated payment

$19,818/mo

Taxes

No info

Tax abatement

No info

About

Seller’s agent

Troy Gordon

Licensed Real Estate Salesperson

Compass

Description

242 East 40th Street | Murray Hill | $3,500,000

A prewar (1920) five-story mixed-use building between Second and Third Avenues, a short walk from Grand Central and the 4/5/6/7 trains.

• Size (per PropertyShark): About 4,498 SF built, on an 18' × 53' footprint across 5 stories, including the ground-floor retail. The lot is 18' × 99'.
• Pricing : $778/SF on 4,498 SF built, or $264 per buildable SF on 13,282 SF, both per Propert

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Home features

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Building amenities

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About the building

242 East 40th Street

242 East 40th Street, New York, NY 10016

Rental building inMurray Hill

7 units

4 stories

1920 built

For sale

1 available units for sale

For rent

0 available units for rent

Documents and permits

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Learn more about 242 East 40th Street

Property history

Price change: No changes
Days on market: 1 day

Date	Price	Event
10/6/2026	$3,500,000	Listed by Compass
11/24/2025	$4,289,000	No longer available
8/25/2025	$4,289,000	Temporarily off market
6/6/2025	$4,289,000	Listed by Oxford Property Group
3/19/2025	$4,289,000	Temporarily off market

Explore Murray Hill

Transit

Location	Distance
S4567at Grand Central–42nd St	0.17 miles
Ferryat E 34th Street Ferry Landing	0.34 miles
6at 33rd St	0.42 miles
LIRRat Grand Central	0.46 miles
BDFM7at 5th Av	0.5 miles

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About Murray Hill

Sales

Median asking price

8 beds

$3.5M

Murray Hill has a lively energy most hours of the day and night. In the morning, the streets are filled with professionals looking polished in their Brooks Brothers suits as they head to work. Come evening, you'll see the crowds returning home decked out in gym clothes and schlepping bags of take-out dinner and Trader Joe's. The neighborhood has a down-to-earth, casual vibe, and there's always a big game airing at one of the many sports bars along the Third Avenue strip. Many of Murray Hill's residents are renters who come and go, but the place eschews intransigence and maintains a familiar, college-town feel.

Learn more about Murray Hill