242 East 38TH Street #2A, New York City, NY 10016
Listing Courtesy of Kleier Residential Inc
$479,000
Potential Rebate: $7,185
Overview
<p> </p> <p>RARE TO MARKET ALCOVE STUDIO WITH CORNER TERRACE</p> <p>Coveted oversized alcove studio, one of only three apartments in the building with private outdoor space, enjoys sunny open exposures West and North across tree-lined 38th Street. The large square-shaped living room easily accommodates multiple living arrangements and is adjacent to a king-sized sleeping alcove. Both the kitchen and marble and subway tile bath are windowed. The kitchen is outfitted with a mirrored backsplash, stainless appliances and plentiful storage, including a pantry.</p> <p>Closets have been reimagined with Elfa shelving and storage, including an expansive dressing room and home office with desk off the entrance gallery. The twenty foot corner terrace with charming brick facade is the perfect spot for al fresco dining. Additional niceties include high ceilings, white oak hardwood floors and blackout window treatments.</p> <p>Located in the heart of Midtown, in the historic Murray Hill district, this intimate mid-century modern cooperative of 40 apartments has an elegant terrazzo stone lobby, dual entry video intercom security, live-in superintendent who accepts packages, central laundry, bicycle and private cage storage (fee). The building has completed major capital improvement projects including a new elevator and laundry room and is now wired for FiOS. Shareholders welcome their proximity to Grand Central Station and the Midtown Tunnel, the East River ferry, St. Vartan Park's garden, athletic field, playground and basketball, handball and pickleball courts, AMC Kips Bay IMAX, Target, and many of the city's finest restaurants, boutiques and grocers, including Fairway Market and Trader Joe's. Guarantors, co-purchasing, pied-a-terre ownership and pets permitted.</p> <p> </p>
Home Features
- •Building In Basement
- •Private Outdoor Space Over 60 Sqft
- •City
Estimated Monthly Payment
$3,620 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$7,185
Monthly savings impact
$20/mo
Effective Purchase Price
$471,815
(Home Price - Estimated Rebate)
💡 Estimated rebate from our commission
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).
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RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.
The Real Estate Rebate Team
Listing Courtesy of Kleier Residential Inc
Data Source: TRESTLE #RLS20043241
RLS at REBNY
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Listings
RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.
The Real Estate Rebate Team
Listing Courtesy of Kleier Residential Inc
Data Source: TRESTLE #RLS20043241
RLS at REBNY
Price Analysis
Compare average listing prices and value metrics for 242 East 38TH Street against the surrounding Murray Hill market.
Average List Price
Price Per SqFt
Insufficient size data available to calculate Price Per SqFt comparisons for this specific selection.
68.04% Lower
than the Murray Hill price average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
