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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. 305 East 40TH Street #20CD
Property thumbnail
1 / 22
Stock Cooperative•Murray Hill

305 East 40TH Street #20CD, New York City, NY 10016

Listing Courtesy of CHERYL RODRIGUES REAL ESTATE LLC

$2,280,000

Potential Rebate: $34,200

Stock Cooperative
4 Beds
3 Baths
7 Rooms
2,060 sqft
Built 1963
21 Stories
1,107/ft²
Listed on Aug 5, 2025
144 days on market
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Overview

<p>&nbsp;</p> <p>305 East 40th Street #20CD Rare Three-Bedroom Three-Bath Home Plus Den in Midtown Manhattan This magnificent three-bedroom, three-bathroom residence with a den spans approximately 2,060 square feet in one of Manhattan's most sought-after locations. The versatile den offers incredible flexibility - it can easily be converted to a fourth bedroom, home office, study, or even an extension of the living room to create an even grander entertaining space. This additional room provides endless possibilities to customize the home to your lifestyle needs. The apartment combines generous proportions with sophisticated design details throughout, including beautiful new hardwood floors that extend seamlessly through the entire home.</p> <p>Living and Dining Areas The expansive living and dining area showcases a wall of windows that floods the space with natural light and stunning urban views, creating a bright and welcoming atmosphere. French doors open to reveal a private office/study or den, also featuring large windows for abundant natural light and inspiring views while you work or relax. City windows effectively block city noise, ensuring a quiet and tranquil environment for relaxation and entertaining. Crown molding adds sophisticated architectural detail throughout the apartment. The living room has pre-wired in-built speakers with surround sound. For those who love to entertain, this home truly delivers. The generous layout provides ample space for hosting gatherings large and small, enhanced by a dedicated bar that makes serving guests effortless. A stunning Jonathan Adler chandelier serves as the dining area's centerpiece, adding both elegance and warmth to every meal.</p> <p>Premium Windowed Kitchen and Appliances The windowed kitchen showcases top-tier appliances including a Sub-Zero refrigerator, Wolf gas range with hood and microwave. Natural light streams through the kitchen windows, making cooking and meal preparation a pleasure. Quartz countertops and backsplash complement the quartz bar top, creating both beauty and functionality for daily use and entertaining.</p> <p>Three Bedrooms Plus Den with En-Suite Baths Each of the three generously-sized bedrooms includes its own bathroom for maximum privacy and convenience. The versatile den offers incredible flexibility - it can easily be converted to a fourth bedroom, home office, study, or even an extension of the living room to create an even grander entertaining space. Breathtaking East River views from the bedrooms create a serene backdrop for daily living. Natural light fills each room, and thoughtful layouts make the most of the space. The master bedroom is truly exceptional, featuring his and her closets that provide abundant storage for even the most extensive wardrobes. Two elegant Flos globe pendants illuminate the space with sophisticated lighting, creating a peaceful retreat at the end of each day. The master bathroom is a study in luxury, wrapped in floor-to-ceiling Italian marble tiles with matching marble flooring that extends throughout. The oversized shower chambers boast impressive ceiling height, transforming your daily routine into a spa-like experience. Every detail has been carefully considered to create a sanctuary of relaxation and refinement.</p> <p>Storage and Utility Features A dedicated laundry room includes a full-size washer and dryer, plus utility space. The apartment offers nine closets total, including six walk-in closets, ensuring ample storage throughout. A grand entry foyer creates an impressive first impression.</p> <p>Building Amenities at The Hamilton This full-service cooperative includes 24-hour doorman service, private garage access, dedicated bike storage, and a spectacular roof deck perfect for entertaining and enjoying panoramic city views. The building features a live-in superintendent for added convenience and security. The building welcomes pied-&agrave;-terres, co-purchasers, and guarantors.</p> <p>&nbsp;</p>

Home Features

  • •Ductless
  • •Building In Basement
  • •Washer Hookup
  • •In Unit
  • •Building Roof Deck
  • •Bridge(s)
  • •City Lights
  • •City

Estimated Monthly Payment

$16,885 per month

30 year fixed, 6.28% Interest

Principal and Interest
$11,266
Property Taxes
$0
Maintenance/Common Charges
$5,619

Estimated Rebate for this Home

One-time rebate at closing

$34,200

Monthly savings impact

$95/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 CHERYL RODRIGUES REAL ESTATE LLC

Data Source: TRESTLE #RLS20041077

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Price Analysis

Compare average listing prices and value metrics for The Hamilton against the surrounding Murray Hill market.

Based on 3 active units in building vs 210 in area

Average List Price

Building$783.3K
Neighborhood$1.4M

Price Per SqFt

Building Avg$979/ft²
Neighborhood Avg$8,382/ft²
Value Opportunity

88.32% Lower

than the Murray Hill 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.

Murray Hill

Overview of Murray Hill

Murray Hill is a charming, somewhat relaxed enclave on the East Side of Manhattan, spanning roughly from 34th to 40th Streets. Known for its recent college graduate population, it also boasts historic districts with stunning townhouses. For those seeking Murray Hill Manhattan real estate, the neighborhood usually offers more space for your money than its neighbors.

Living in Murray Hill, Manhattan offers a residential vibe that feels distinct from the corporate towers of Midtown to the north. It is a mix of high-rise apartment complexes and tree-lined blocks of brownstones. As a popular Manhattan NYC neighborhood, it strikes a balance between a lively bar scene on Third Avenue and quiet, upscale living on Park Avenue.

Real Estate & Housing Market

The market for homes for sale in Murray Hill is viewed as a value pocket in Manhattan. You can find everything from affordable post-war co-op studios to multi-million dollar historic townhouses in the Murray Hill Historic District. It attracts a wide demographic, from young finance professionals renting their first apartments to established families owning entire brownstones.

The "Corinthian" and other condo towers offer full-service luxury living. The area is steady and reliable for investment, with strong rental demand from the nearby medical mile (NYU Langone) and UN workers. Prices here are generally more accessible than in Flatiron or Gramercy.

Lifestyle & Community

The lifestyle in Murray Hill is social and active. The neighborhood is famous for its nightlife along Third Avenue, which is bustling with sports bars and restaurants. However, west of Lexington Avenue, the vibe transforms into one of quiet elegance, with carriage houses and diplomatic residences.

Community amenities are strong, with the St. Vartan Park providing a local playground and sports courts. The proximity to Grand Central makes it a convenient choice for commuters, while the varied housing stock allows residents to "move up" within the neighborhood as they progress in their careers.

Transportation & Accessibility

Murray Hill is well-served by transportation. The 4, 5, 6, 7, and S trains at Grand Central are a short walk away, as is the 33rd St station for the 6 train. The neighborhood is also a hub for the select bus service, making crosstown travel easier.

Access to the Midtown Tunnel allows for quick escapes to Long Island and the airports. For daily commuting to Wall Street or Upper East Side, the Lexington Avenue line (4/5/6) is the lifeline of the neighborhood.

Parks, Schools & Amenities

While green space is at a premium, St. Vartan Park is a beloved community hub. The East River Ferry at 34th Street is a game-changer, connecting residents to Brooklyn, Queens, and Wall Street via a scenic boat ride.

The area is home to the Morgan Library & Museum, a cultural treasure. Amenities like Trader Joe’s, Fairway, and a plethora of gyms and dry cleaners cater to the busy professionals who live here.

Who This Neighborhood Is Best For

Murray Hill is best for recent graduates and young professionals seeking a fun social scene ("Murray Hill" is often nicknamed "Curry Hill" for its Indian restaurants or associated with post-grad life). However, the historic district is ideal for those seeking townhouse living at a relative discount.

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