- 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, 2004–2025
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $828
- Listing discount
- 6.0%
- Recorded sales
- 34
- On record
- 2004–2025
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
Facade safety — Local Law 11
The facade passed its last inspection with no required repairs — nothing to budget for here, and no facade assessment on the horizon for roughly five years.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →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. Recent closings have run in the vicinity of the high-$700s per square foot where square footage is published, with studios asking around the high-$300s and one-bedrooms into the mid-$500s, depending on floor, exposure, and condition. Pricing is consistent with a well-run, non-trophy Murray Hill co-op.
Recent transfers 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 |
|---|---|---|---|---|---|
| Sep 22, 2025 | 9A | 1 BR · 1 BA | $560,000 | -10.4% | |
| Jul 15, 2024 | 8A | 1 BR · 1 BA · 750 sf | $621,000 | $828/sf | -0.6% |
| Jun 13, 2023 | 11J | 1 BR · 1 BA | $605,000 | -13.3% | |
| Jul 15, 2022 | 10G | 1 BR · 1 BA · 725 sf | $549,000 | $757/sf | off-mkt |
| Nov 17, 2021 | 1H | 2 BR · 2 BA | $775,000 | -13.8% | |
| Oct 8, 2021 | 7/D/E | 2 BR · 2 BA | $875,000 | -5.4% | |
| Oct 29, 2020 | 11A | 2 BR · 2 BA | $899,000 | -25.1% | |
| May 14, 2019 | 6K | 1 BR · 1 BA · 700 sf | $500,000 | $714/sf | -19.9% |
Market read. $/sf is measured on the latest sales with reliable square footage (2024): a median $828/sf across 1 sale. The building has traded as recently as 2025. Median listing discount 6.0% 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 |
|---|---|---|
| Dec 9, 2008 | 10H | $885,000 |
| May 22, 2007 | 11C | $620,000 |
| Aug 25, 2005 | 8A | $519,000 |
| Mar 17, 2005 | 10H | $688,000 |
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 1-00915-0038) 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 on co-ops is not officially recorded, figures shown are approximate.
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 Roebling Team at The Murray Hill
The Roebling Team at Compass works the full Murray Hill, Gramercy, and East Midtown market, including its full-service post-war cooperatives. We publish this profile because cooperative buyers and sellers deserve building-specific intelligence — architecture, board policy, and apartment-level pricing reality — not generic market commentary.
If you're considering a purchase or sale at 240 East 35th 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.
Get the full picture on this building.
The full comp set, a private valuation of your line, or current and off-market availability — sent to you directly.
Own an apartment here? See what it would sell for.
A broker’s honest answer to three questions — what your apartment would likely sell for today, what it costs to sell, and what you’d walk away with — for your apartment at The Murray Hill, in this market. Put together by a person, not an algorithm.