Murray Hill Terrace (201 East 36th Street)

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.

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

Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.

Market read. Most recent trades (2026) cleared a median $866/sf (floor-adjusted) across 5 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 2.6% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00917-7501). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. 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.

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.

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.

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.