242 E 38th St

242 E 38th St is a Co-op located 242 East 38th Street, in Murray Hill, New York. The building was first built in 1955 and is 69 years old. It was first renovated and altered in 1982. The lot that the building was built on is 79 feet wide and 80 feet long. The official lot area is listed as 6,287 square feet. The building itself is 78 feet wide and 76 feet long. In total, 242 East 38th Street has a total floor area of 30,662 square feet. Of that, 25,982 square feet are used for residential purposes. About 4,680 square feet of the building are used for commercial purposes. There are a total of 44 units. Of those, 40 are residential units. There are four commercial units. 242 East 38th Street has a total of 6 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? There are many great amenities and features for residents in the building. For your convenience, laundry is located in the building. Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 51 closings on record, of which we have matching data for 18 listings. In the past 3 years, a listing in this building will typically remain on the market for about 169 days Meaning, listings tend to sell at a median of $758 price per square foot. The transaction that took the longest to complete was unit 5E, listed on Sep 08, 2020 for $399,000. This particular unit ultimately sold 342 days later for $380,000. The most recent transaction was for unit 4B, which was first advertised on Feb 22, 2023, sold for $432,500 on Aug 10, 2023. Fun fact, the oldest transaction we have on record took place on Sep 01, 1972. See the full transaction history for 242 E 38th St below.

Murray Hill, where 242 East 38th Street is located, has a median asking price of $750,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $395,000. For interested buyers, that means the building's median asking price is around 0.47% below the neighborhood's median asking price for co-ops. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other co-op buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $339,000. It is a 376 sqft studio-bedroom and 1-bathroom unit.