---
title: "242 East 38th Street #4E, New York, NY 10016"
description: "242 East 38th Street #4E, New York, NY 10016 — NYC real estate listing on Real Estate Rebate Team. Priced at $400,000. Est. potential buyer savings up to $10,000 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/242-east-38th-street-4e-ny-10016"
source: "Real Estate Rebate Team"
---

# 242 East 38th Street #4E, New York, NY 10016

> **Listing Courtesy of:** Compass

## Description

Welcome to Residence 4E at 242 East 38th Street — an oversized alcove studio nestled on the fourth floor of a quiet and well-maintained cooperative in the heart of Murray Hill.

This thoughtfully laid out home features an expansive living and dining area with ample space for a full-sized sofa, entertainment setup, and dining table, making it ideal for both relaxing and entertaining. The separate sleeping alcove comfortably accommodates a queen-sized bed, while the dedicated dressing area adds an elegant and functional touch to the layout.

Additional highlights include abundant closet space throughout, providing exceptional storage rarely found in studio living. The cooperative offers the convenience of a live-in superintendent, on-site laundry facilities, and a pet-friendly policy.

Perfectly situated near Grand Central Terminal, this centrally located home provides easy access to multiple transportation options, as well as an array of restaurants, cafés, and neighborhood conveniences right outside your door.

## Property Details

- **Price**: $400,000
- **Potential Buyer Rebate**: $10,000
- **Bedrooms**: 0
- **Bathrooms**: 1
- **Property Type**: Residential
- **Year Built**: 1955
- **Building**: 242 East 38TH Street
- **Neighbourhood**: Murray Hill
- **Area / Borough**: Manhattan
- **Subdivision**: Murray Hill
- **Listing Office**: Compass
- **State**: NY

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$10,000** at closing.

*Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.*

## Related Links

- [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/manhattan/242-east-38th-street)
- [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/manhattan/murray-hill)
- [Estimate your Buyer Commission Share and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact)

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> This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

> This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.