35 East 38th Street (Murray Hill)
35 East 38th Street, New York, NY 10016
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 (floor-adjusted)
- $1,288
- Listing discount
- 2.6%
- Recorded sales
- 128
- On record
- 2003–2026
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.
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
- Modeled exposure split equally across 113 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).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
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.
| 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 (floor-adjusted) across 1 sale. 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.
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). 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.
Closed rents at The Elysabeth, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| Studio | 4 | $3,350 |
| 1 bedroom | 5 | $3,800 |
10 closed leases, October 2023 to September 2026. Most recent lease March 2026. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
At the recent median sale of $695K (6 sales since 2024), a buyer putting 25% down would pay about $27,820 to close, or 4.0% of the price.
- Mansion tax: $0
- Mortgage recording tax: $10,034
- Title insurance: $3,127
- Attorneys, lender, building fees, reserves and filings: $14,658
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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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
More Murray Hill buildings
- 296 Lexington Avenue — 1938 co-op
- 301 East 40th Street (The Hamilton) — 1963 co-op by Philip Birnbaum & Associates
- 312 East 42nd Street (Woodstock Tower) — 1929 co-op
- 685 Second Avenue (The Hendrik House) — 1942 co-op
- One United Nations Park, 685 First Avenue — 2018 condominium
- The Charleston, 225 East 34th Street — 2007 condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Murray Hill.
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 Elysabeth?
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