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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. ©2025 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 for no listing shall the number of bedrooms listed be considered a legal conclusion.

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  1. Home
  2. Buy
  3. New York City
  4. Manhattan
  5. 10016
  6. 244 MADISON Avenue #12F
Property thumbnail
1 / 11
Stock Cooperative•Midtown

244 MADISON Avenue #12F, New York City, NY 10016

Listing Courtesy of Douglas Elliman Real Estate

$415,000

Potential Rebate: $6,225

Stock Cooperative
Studio
1 Bath
2 Rooms
550 sqft
Built 1916
17 Stories
755/ft²
Listed on Mar 18, 2025
283 days on market
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Overview

<p>Enjoy high-floor luxury living at the elegant prewar Murray Hill Plaza in prime Midtown! This renovated stylishly-designed loft studio apartment with a loft bedroom offers a spacious, sun-filled ambiance, and open city views that will take your breath away. Soaring 12 foot high beamed ceilings, beautiful wood floors, a huge picture window and new modern finishes complement the airy living space designed for optimal comfort. A generously-sized living/dining room is perfect for lazy days, relaxing evenings or entertaining guests. Other highlights include an updated</p> <p>full kitchen equipped with sleek stainless-steel appliances, wood cabinetry, plenty of counter space, an abundance of closet space with a walk-in for ample storage, a modern tiled bathroom with soaking tub. Washer dryer in building for your convenience. </p> <p>Located in prime Midtown on Madison between 37th and 38th Streets, the full-service luxury building offers a full-time doorman, live-in super, complimentary WiFi in the lobby and on the newly designed furnished landscaped roof deck oasis with amazing views of the Empire State Building and open city panoramas, modern laundry conveniently located off the lobby. </p> <p>The handsome 17-story, circa 1915 building located in the heart of Midtown transportation is easily accessible. Grand Central and Herald Square stations are an approximately 5-6 minute walk, offering access to the 4/5/6, 7, B/D/F/M, N/Q/R/W, and S trains. The building's policies are flexible, with unlimited subletting permitted after two years of ownership. Pied-a-terres, parents purchasing, co-purchasing, gifting, guarantors, are all permitted.</p>

Home Features

  • •Wall Unit(s)
  • •Building Roof Deck
  • •Private Outdoor Space Under 60 Sqft
  • •Washer Dryer Allowed
  • •City Lights
  • •City

Estimated Monthly Payment

$3,429 per month

30 year fixed, 6.28% Interest

Principal and Interest
$2,051
Property Taxes
$0
Maintenance/Common Charges
$1,378

Estimated Rebate for this Home

One-time rebate at closing

$6,225

Monthly savings impact

$17/mo

💡 Estimated at 1.5% of purchase price

The rebate is paid to you at closing and can help offset closing costs or other expenses.

Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (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. ©2025 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 for no listing shall the number of bedrooms listed be considered a legal conclusion.

The Real Estate Rebate Team

Listing Courtesy of Douglas Elliman Real Estate

Data Source: TRESTLE #RLS20010199

REBNY Logo

Price Analysis

Compare average listing prices and value metrics for Murray Hill Plaza against the surrounding Midtown market.

Based on 2 active units in building vs 131 in area

Average List Price

Building$545.0K
Neighborhood$5.2M

Price Per SqFt

Building Avg$755/ft²
Neighborhood Avg$1,947/ft²
Value Opportunity

61.24% Lower

than the Midtown price-per-sq-ft average

Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.

Midtown

The Center of the World

\n

Midtown is the commercial heart of NYC. Skyscrapers, tourists, and business.

\n

Real Estate & Housing Market

\n

Luxury condos in the sky (Billionaire's Row) and corporate housing. Not a traditional "neighborhood."

\n

Lifestyle & Community

\n

Dominanted by office workers and tourists. Convenient but lacks a local feel.

\n

Transportation & Accessibility

\n

Every train goes through Midtown. Grand Central is here.

\n

Parks, Schools & Amenities

\n

Bryant Park and Central Park (south border) are key.

\n

Who This Neighborhood Is Best For

\n

Best for pied-à-terre buyers and busy executives.

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