---
title: "242 East 38TH Street #5E, New York, NY 10016"
description: "242 East 38TH Street #5E, New York, NY 10016 — NYC real estate listing on Real Estate Rebate Team. Priced at $385,000. Est. potential buyer savings up to $9,625 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/242-east-38th-street-e-5E-ny-10016"
source: "Real Estate Rebate Team"
---

# 242 East 38TH Street #5E, New York, NY 10016

> **Listing Courtesy of:** Kleier Residential Inc

## Description

HIGH FLOOR BRIGHT AND QUIET ALCOVE STUDIO
 Covetable oversized alcove studio with sunny East exposures. The large, square shaped living room easily accommodates multiple living arrangements and is adjacent to a king-size sleeping alcove outfitted with CitiQuiet soundproof windows. Both the kitchen and renovated bath with adjacent dressing room are windowed. There are new stainless appliances in the kitchen and a dishwasher may be added with board approval. The spa-like bath is outfitted with Roca tiles, Century Bathworks mirrored storage and Grohe fixtures including a rainfall head with hand wand. Additional niceties include high ceilings, Lutron dimmers, white oak hardwood floors, wonderful storage from two double wide closets and upgraded electric with a 60 amp 8-circuit panel.
 Perfectly situated 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.

## Property Details

- **Price**: $385,000
- **Potential Buyer Rebate**: $9,625
- **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**: Kleier Residential Inc
- **State**: NY

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$9,625** 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)
- [Calculate your exact cash back 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.