- Year built
- 1963
- Type
- Condominium
- Units
- 118
- Floors
- 19
- Landmark
- No
- Pets
- Permitted under condominium rules (dogs up to approximately 40 lbs per house rules)
- Subletting
- Permitted under the condominium declaration; investors welcome
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2004–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $908
- Listing discount
- 4.0%
- Recorded sales
- 120
- On record
- 2004–2026
Murray Hill Terrace is the kind of building that anchors the practical middle of the Manhattan condominium market. Constructed in 1963 as a postwar rental and converted to condominium ownership in 1985, the white-brick tower at the corner of 36th Street and Third Avenue offers full-service living — doorman, live-in resident manager, staff — at a price point that sits well below the trophy inventory that dominates headlines. For buyers who want ownership rather than a lease, condominium flexibility rather than a cooperative board, and a doorman building in a central east-side location, 201 East 36th Street is a durable option.
The building's appeal is location and format. Murray Hill has long been one of Manhattan's most sensibly priced full-service residential enclaves, and the corner of 36th and Third places residents within an easy walk of Grand Central, Midtown employment, and the Gramercy and Flatiron retail corridors to the south. The 1985 conversion produced a condominium — not a cooperative — which matters materially for buyers who want financing flexibility, pied-à-terre use, and permissive subletting rules. That combination of format and location is what keeps this building in steady demand across market cycles.
The apartment stock reflects its era and its conversion history. Units run from studios and converted one-bedrooms through true two-bedrooms, with hardwood floors, generous closets, and — from many of the higher and east-facing lines — open views toward the Empire State Building and glimpses of the East River. Corner apartments deliver triple exposures and strong natural light. This is not a building of grand pre-war proportions or supertall altitudes; it is a well-run, full-service condominium that trades on livability and value.
Architecture and unit composition
The 118 condominium residences occupy a 19-story white-brick tower with setback massing typical of early-1960s Manhattan construction. Apartments range from studios and one-bedroom layouts through two-bedroom, two-bath configurations, with a number of converted and combined units created over the building's ownership history.
Interiors commonly feature hardwood or mahogany floors, generous closet space, and central air conditioning and heat. Many units enjoy open city views — the Empire State Building is a recurring sightline from the east- and south-facing lines — with corner apartments providing triple exposures and exceptional natural light.
The common rooftop is a notable amenity for the building's price tier, offering panoramic skyline and East River views. As a postwar structure, floor-to-ceiling heights and window proportions are of their era rather than the oversized glass of new construction; buyers trading up from a rental or a walk-up typically find the format an upgrade, while buyers coming from pre-war stock should view the apartments in person to calibrate expectations.
View permanence varies by line and floor. Lower floors face the surrounding streetwall; upper-floor east and south exposures carry the strongest open sightlines. Buyers should confirm the specific view envelope of any apartment under consideration.
Building operations
Murray Hill Terrace operates as a full-service condominium with a full-time doorman, a live-in resident manager, and a staff of handymen and porters. Central laundry, a bike room, and private storage (typically waitlisted) round out the service package, along with the common rooftop.
Common charges and property taxes are modest relative to Manhattan's trophy inventory, consistent with the building's value positioning; carrying costs vary by unit size and are materially lower than the luxury-tier buildings elsewhere in our coverage. As with any early-1960s structure that underwent a 1985 conversion, buyers should review current building engineering reports, board minutes, and any reserve study during due diligence — postwar mechanical systems and building-envelope maintenance are the relevant diligence items for this vintage. The board has maintained the building's full-service operation and completed a lobby renovation in recent years.
Recent sales
201 East 36th Street trades as a value-oriented full-service condominium rather than a trophy asset, and its pricing reflects that. Recent closings have averaged roughly $950 per square foot — a figure that sits well below Midtown's luxury tier and underscores the building's appeal to buyers seeking full-service ownership at an accessible entry point. Active asking prices generally run from the high-$600Ks for one-bedroom lines through the low-$1M range for larger two-bedroom and corner apartments. Pricing within the building is driven by floor, exposure, line, and renovation condition: east- and south-facing units with open Empire State Building sightlines and corner apartments with triple exposure command the premiums, while lower-floor and interior-facing lines trade at the value end of the range. Because the building has a deep inventory of comparable units across its 118 residences, apartment-level comparison is unusually informative here.
Recent closings at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Jun 18, 2026 | 16E | 5 BR · 1 BA · 498 sf | $575,000 | $1,155/sf | off-mkt |
| May 26, 2026 | 15D | 2 BR · 1 BA · 900 sf | $820,000 | $911/sf | -8.4% |
| Mar 12, 2026 | 14C | 3 BR · 2 BA · 1,200 sf | $1,025,000 | $854/sf | -14.6% |
| Feb 10, 2026 | 14F | 1 BR · 1 BA · 800 sf | $615,000 | $769/sf | -12.0% |
| Sep 5, 2025 | 18D | 2 BR · 1 BA · 803 sf | $1,165,000 | $1,451/sf | off-mkt |
| May 20, 2025 | 19A | 1 BR · 1 BA · 788 sf | $840,000 | $1,066/sf | -6.7% |
| Apr 14, 2023 | 12B | 803 sf | $755,000 | $940/sf | off-mkt |
| Aug 12, 2022 | 8D | 1 BR · 1 BA · 904 sf | $805,000 | $890/sf | -12.0% |
Market read. Most recent trades (2026) cleared a median $908/sf across 4 sales. Median listing discount 4.0% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Apr 28, 2022 | 17D | $1,100,000 |
| May 14, 2019 | 9F | $800,000 |
| Apr 27, 2015 | 17D | $875,000 |
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00917-7501) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
What to know if you’re buying
This is a condominium, not a cooperative. The 1985 conversion produced a condominium, which means financing flexibility, permissive subletting, pied-à-terre use, and no cooperative board approval of your financials. Buyers who want ownership without a co-op board find the format a genuine advantage.
Due diligence on a postwar conversion applies. For a 1963 structure converted in 1985, the relevant diligence items are building-envelope maintenance, mechanical systems, and reserve adequacy. Review current engineering reports, board minutes, reserve studies, and any active assessments during due diligence.
Condo flexibility is real. 30–45 day closings; foreign buyers welcome; pied-à-terre and investment use permitted under the declaration; subletting allowed, with investors welcome.
Run the closing math early. At this building's price points, standard buyer closing costs apply; the mansion tax generally does not bind below $1M, but larger combined units can approach the threshold. Run pricing through the Mansion Tax Calculator and the Buyer Closing Cost Calculator.
Line and exposure drive value. View the specific apartment in person and at multiple times of day — the difference between an open Empire State Building sightline and a streetwall exposure is material to both livability and resale.
Carrying cost is modest but real. Model the full monthly carry (common charges + property taxes + utilities + insurance); central air and heat are included in common charges in many units, which affects the comparison.
What to know if you’re selling
Pricing requires apartment-level context. With 118 units and active turnover, comparable sales are plentiful but heterogeneous — floor, exposure, line, and renovation condition all drive pricing variation. Precise positioning against recent in-building comps is the key to a clean sale.
Condition sells. Renovated, turn-key units with open views command clear premiums over dated inventory at this price tier. Presentation and staging pay off.
Emphasize the format and location. The condominium structure (versus a co-op), the full-service staff, and the Grand Central-adjacent Murray Hill location are the core selling points; lead with them.
Closing timelines are condo-fast. 30–45 days from contract signing to closing.
Comparable buildings
If you're considering 201 East 36th Street, also evaluate full-service condominium and Murray Hill / Gramercy inventory at comparable price points and formats. Apartment-level comparison across floor, exposure, and condition is the right framework; a consultation is the best way to build the specific comp set for your search or sale.
The Roebling Team at Murray Hill Terrace
The Roebling Team at Compass specializes in the east-side Manhattan market — including Murray Hill, Gramercy, and the broader full-service condominium inventory. We publish this building profile because buyers and sellers deserve building-specific intelligence — format, operational reality, transactional mechanics, and the realities of pricing at the apartment level — not generic market commentary.
If you're considering a purchase or sale at 201 East 36th Street, a 30-minute consultation is the right starting point. We'll bring the full context this page provides plus the transactional specifics your situation requires — financial structuring, due diligence priorities, comparable analysis at the apartment level, and the pacing strategy that fits your timeline.
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Gramercy — read The Roebling Team Guide to Gramercy.
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