240 East 35th Street (The Murray Hill)
240 East 35th Street, New York, NY 10016
BBL 1009150038 · BIN 1020163
- Year built
- 1955
- Type
- Cooperative
- Units
- 120
- Floors
- 12
- Landmark
- No
- Pets
- Permitted
- Subletting
- Permitted after two years of ownership, up to three of every five years, with board approval; a sublease fee applies
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 1BR median
- $560K
- Recent range
- $347K – $621K
- Listing discount
- 6.1%
- Recorded transfers
- 120
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Murray Hill would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
The Murray Hill is a full-service post-war cooperative on East 35th Street between Second and Third Avenues, in the residential heart of the neighborhood it is named for. Completed around 1955 and converted from a rental to cooperative ownership in 1985, the 12-story mid-century brick building has operated since as a well-regarded, non-trophy co-op with a genuine full-service program.
The building's standout is its common roof deck, which delivers skyline and East River views — a real amenity that distinguishes it among mid-market Murray Hill co-ops. The location is convenient and quiet: East 35th Street near Grand Central, the United Nations, and the NYU Langone campus, with the 6 train close by and the amenity density of Midtown East and Murray Hill within a short walk.
For buyers, The Murray Hill offers the combination that makes post-war co-ops attractive: full building services, moderate carrying costs, a skyline roof deck, and — notably — a workable sublet policy for a Murray Hill cooperative.
Architecture and unit composition
The building rises 12 stories in a post-war mid-century brick envelope, arranged around a courtyard and a central entry. The apartment count sits around 120 to 121 residences; the mix runs from studios of roughly 550 square feet through one-bedrooms around 700 square feet and larger two-bedroom layouts. Interiors are post-war in bones — efficient plans, generally solid proportions — with renovation quality varying apartment to apartment and driving much of the pricing spread within the building.
Building operations
The Murray Hill is a full-service building: 24-hour doorman, a live-in resident manager, elevators, a common roof deck with skyline and East River views, a courtyard, central laundry, a bicycle room, resident storage, and a full-service parking garage. There is no fitness center. The cooperative permits financing up to 80 percent (20 percent minimum down) and is pet-friendly. The sublet policy is workable for a Murray Hill co-op — generally permitted after two years of ownership, up to three of every five years, with a sublease fee — which supports flexibility over the life of ownership. Buyers should confirm the current maintenance schedule, any flip tax or closing contributions, the sublet terms, any assessments, the reserve position, and recent capital work during due diligence.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $40,031/yr
- Per unit / month range
- $0 – $28
- Modeled exposure split equally across 121 units (the city tax-lot count). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2025–30. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
Management & transfer contacts
- Sublet policy
- Allowed
- Pied-à-terre
- Allowed
- Notable fees
- Sublease fee = 20% of monthly maintenance; working capital = 3 months' maintenance
Recent sales
As a cooperative, The Murray Hill is read on a price-per-room basis; many apartments trade without a published square footage, and per-room comparison is the more reliable measure. Floor, exposure, and condition set the spread, and pricing is consistent with a well-run, non-trophy Murray Hill co-op.
Recent transfers 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.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Apr 17, 2026 | 6D | 1 BR · 1 BA | $445,000 | -4.3% | |
| Sep 11, 2025 | 9A | 1 BR · 1 BA | $560,000 | -10.4% | |
| Oct 1, 2024 | 5E | 1 BR · 1 BA · 400 sf | $399,000 | $998/sf | -6.1% |
| Sep 6, 2024 | 8F | 1 BA · 440 sf | $347,000 | $789/sf | -12.2% |
| Jun 28, 2024 | 8A | 1 BR · 1 BA · 750 sf | $621,000 | $828/sf | -0.6% |
| Jan 11, 2024 | 7F | 1 BA | $380,000 | -4.8% | |
| May 30, 2023 | 11J | 1 BR · 1 BA | $605,000 | -13.3% | |
| Oct 13, 2022 | 8K | 1 BR · 1 BA | $400,000 | -5.9% |
Market read. $/sf is measured on the latest sales with reliable square footage (2024): a median $841/sf (floor-adjusted) across 3 sales. The building has traded as recently as 2026. Median listing discount 4.4% 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.
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 1-00915-0038). 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 on co-ops is not officially recorded, figures shown are approximate.
Closed rents at The Murray Hill, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| Studio | 2 | $3,000 |
3 closed sublet leases, October 2023 to September 2026. Most recent lease February 2026. Based on few leases. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
Buying here? Co-op closing costs typically run 2 to 3% of the price. See NYC co-op and condo closing costs, line by line.
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What to know if you’re buying
Understand the co-op economics. Financing to 80 percent is permitted; confirm the maintenance schedule, any flip tax or closing contribution, and any assessments, and model the full carry.
The sublet policy is a genuine feature. For buyers who value flexibility, the building's workable sublet framework is a differentiator among Murray Hill co-ops. Confirm current terms with the board.
Condition drives price. Renovation quality is a primary variable within the building. Inspect kitchens, baths, and mechanicals and price against comparable condition.
The roof deck is a real amenity. The skyline and East River views are the building's signature; factor that shared amenity into value.
Board approval applies. As a cooperative, purchases require board approval. Prepare a complete, well-documented board package.
What to know if you’re selling
Lead with the roof deck and the sublet policy. The skyline views and the flexibility framework are the headline for the buyer pool.
Presentation matters. Because condition drives the pricing spread, staging and preparation materially affect outcome.
Price per room against the right comps. Comparable analysis should weight floor, exposure, and condition — and account for the sublet policy in the buyer pool it attracts.
Comparable buildings
If you're considering 240 East 35th Street, also evaluate:
- 311 East 38th Street (The Whitney) — nearby Murray Hill full-service condominium
- Gramercy — the broader corridor's cooperative and condominium market
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at The Murray Hill?
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