35 East 38th Street (Murray Hill)
35 East 38th Street, New York, NY 10016
Murray Hill
BBL 1008687501 · BIN 1017247
- Year built
- 1961
- Type
- Condominium
- Landmark
- No
- Pets
- Pet friendly — dogs up to roughly 35 pounds permitted
- Subletting
- Investor-friendly under condominium rules; sublets and pieds-à-terre permitted
Every recorded sale at this building, 2003–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,288
- Listing discount
- 2.6%
- Recorded sales
- 130
- On record
- 2003–2026
The Elysabeth is a full-service post-war condominium on one of Murray Hill's best residential blocks — East 38th Street between Madison and Park, steps from the Morgan Library and a short walk to Grand Central, Bryant Park, and the New York Public Library. It was built in 1961 as a rental by the New York land investor Sarah Korein — who held ground under One Penn Plaza and Lever House and named the building for her daughter — and converted to a condominium in 1978, early in the wave of conversions that gave Murray Hill much of its owner-occupied condo stock. It is not a trophy building and does not pretend to be; its appeal is practical — full-time service, a strong amenity set for its era, and condominium flexibility at Murray Hill value.
For a buyer, The Elysabeth is the post-conversion condominium done sensibly: a doorman building with a live-in superintendent, a fitness center, a roof terrace, and an attached full-service garage — an unusually complete amenity package for a building of this vintage — combined with genuinely investor-friendly condominium rules. That combination of true condo ownership, real amenities, and a central Murray Hill location is what defines the building.
Architecture and unit composition
The building is a thirteen-story masonry tower in the clean, unornamented early-1960s idiom — practical post-war massing rather than ornament. It is not a landmark and makes no pre-war claim; its appeal is the practical virtue of its era and the amenities and updates layered on since. Public records attribute the design to Sylvan Bien, an architect of the mid-century New York apartment house.
The one hundred thirteen residences run from studios through one- and two-bedroom layouts. Floor and exposure drive the experience, with the higher floors and better-exposed lines taking the best light; lower and interior units are the value entry point. As a 113-unit building, the stack offers ample variety of layout and exposure, so a buyer can usually assemble a meaningful set of in-building comparables.
Building operations
The Elysabeth runs as a full-service condominium — a 24-hour doorman, a live-in resident superintendent, a fitness center, central laundry, a bike room, and private storage, along with a roof terrace and an attached full-service parking garage. The building is pet friendly, permitting dogs up to roughly thirty-five pounds. It is notably investor-friendly: sublets and pieds-à-terre are permitted, and management is known for a straightforward rental-approval process. As a condominium, purchases follow standard condo mechanics rather than a co-op board's approval process.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $33,167/yr
- Per unit / month range
- $0 – $24
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.
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
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 8, 2026 | 5A | 1 BA · 436 sf | $532,500 | $1,221/sf | -3.0% |
| Jun 17, 2025 | 7B | 1 BA · 550 sf | $622,000 | $1,131/sf | -1.7% |
| May 22, 2025 | 11A | 735 sf | $850,000 | $1,156/sf | off-mkt |
| May 6, 2025 | 2J | 435 sf | $522,500 | $1,201/sf | -5.0% |
| Mar 18, 2025 | 1A | 1 BR · 1 BA · 450 sf | $740,000 | $1,644/sf | -1.3% |
| Dec 9, 2024 | 7G | 1 BR · 1 BA · 775 sf | $695,000 | $897/sf | -13.0% |
| Jun 12, 2024 | PHB | 1 BA · 500 sf | $750,000 | $1,500/sf | -9.1% |
| May 7, 2024 | 10G | 1 BR · 1 BA · 775 sf | $800,000 | $1,032/sf | -3.0% |
Market read. Most recent trades (2026) cleared a median $1,288/sf across 1 sale. Median listing discount 2.6% 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 1-00868-7501) 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, so a purchase runs on standard condo mechanics rather than a co-op board package and interview — a meaningful practical advantage for buyers who want speed, financing flexibility, or the ability to rent. The building's investor-friendly subletting posture and pet-friendly rules (dogs to roughly thirty-five pounds) make it one of the more flexible options in Murray Hill and broaden the pool of qualified buyers.
The most important on-site distinctions are floor and exposure. The higher floors and better-exposed lines hold value best; lower interior units are the value entry point. The amenity package — fitness center, roof terrace, and attached full-service garage — is unusually complete for the vintage and is a genuine differentiator. The location is a genuine asset — a quiet block between Madison and Park, steps from the Morgan Library and a short walk to Grand Central and the 4/5/6/7/S. Comparable analysis belongs against Murray Hill and Midtown East full-service condominiums.
What to know if you’re selling
Lead with the amenities and the location. A full-service post-war condominium with a fitness center, roof terrace, and attached garage, steps from the Morgan Library and Grand Central, is an easy story to tell — the amenity package does real work in a sale.
Benchmark within the building and against Murray Hill condos. With regular in-building turnover, recent comparable sales here are the first reference point; floor, light, exposure, and renovation status determine where a unit lands, on a dollars-per-square-foot basis.
Condo flexibility widens the buyer pool. True condominium ownership, investor-friendly subletting, and pet-friendly rules bring investors, pied-à-terre buyers, and primary residents all to the table.
Closing timelines are condo-fast. With no board package or interview, a well-prepared condo sale moves efficiently from contract to closing — we manage that process end to end.
Comparable buildings
If you're considering The Elysabeth, also evaluate nearby Murray Hill and Midtown East condominiums:
- The Carlton Regency (137 East 36th Street) — full-service Murray Hill building
- The Corinthian (330 East 38th Street) — large full-service Murray Hill condominium
- The Whitney (311 East 38th Street) — a full-service Murray Hill condominium
- 301 East 38th Street — Murray Hill condominium tower
- The Highpoint (250 East 40th Street) — a 1988 Murray Hill condominium
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Gramercy — read The Roebling Team Guide to Gramercy.
Considering a move at The Elysabeth?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Elysabeth 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.