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Stock Cooperative•Murray Hill

305 East 40TH Street #5X, New York City, NY 10017

Listing Courtesy of Brown Harris Stevens Brooklyn LLC

$400,000

Potential Rebate: $6,000

Stock Cooperative

Studio

1 Bath

2 Rooms

480 sqft

Built 1963

21 Stories

833/ft²

Listed on Jul 14, 2025

186 days on market

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Overview

Sophisticated Studio Living in The Hamilton! Welcome to a quiet, light-filled, and spacious studio in one of Midtown East's most desirable full-service co-ops. With a thoughtfully designed open layout, this home offers distinct areas to sleep, relax, entertain, and work from home - adequate for both everyday living and special occasions. Interior Features North and West courtyard facing windows fills the space with natural light Smart layout with ample room for multiple living zones Sleek open kitchen with stove, refrigerator, dishwasher and good cabinet space Separate sleeping area easily accommodates a Queen size bed Custom built-in storage unit offers excellent space for clothes and belongings Pleasant bathroom with ample storage space Hall closet outside bathroom provides additional storage and hanging space Beautiful dark wood- floors throughout Built-in heating and a/c unit The Hamilton Amenities 24-hour doorman and attentive staff with live-in super Landscaped rooftop terrace with panoramic city views In-building laundry facilities, on-site parking garage, and bike room Recently renovated entrance, lobby and package room Prime Midtown East Location In close proximity to transportation (Grand Central (LIRR and 4/5/6/7 subways), East River Ferry, 1st/2nd Avenue buses), the UN, and Midtown businesses Enjoy top-rated restaurants shopping and the East River Greenway for biking and running Nearby supermarkets and pharmacies for everyday convenience Co-op Highlights Low monthly maintenance: $976 Financially sound and well-managed building Flexible policies: pied-a-terre, guarantors, and subletting with board approval All of these features combined with its convenient location makes it an ideal home. Don't miss your chance to own this great apartment!

Home Features

•Building In Basement
•Building Roof Deck
•Private Outdoor Space Over 60 Sqft

Estimated Monthly Payment

$2,993 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,977

Property Taxes

Maintenance/Common Charges

$1,016

Term

Interest

Home Price

Down Payment

Estimated Rebate for this Home

One-time rebate at closing

$6,000

Monthly savings impact

$17/mo

Effective Purchase Price

$394,000

(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).

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 Brown Harris Stevens Brooklyn LLC

Data Source: TRESTLE #RLS20036687

RLS at REBNY

Licensed Real Estate Broker real estate rebate team

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The Real Estate Rebate Team

Listing Courtesy of Brown Harris Stevens Brooklyn LLC

Data Source: TRESTLE #RLS20036687

RLS at REBNY

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 228 in area

Average List Price

Building$783.3K

Neighborhood$1.4M

Price Per SqFt

Building Avg$979/ft²

Neighborhood Avg$1,190/ft²

Value Opportunity

17.72% 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.

Murray Hill Guide All Neighborhoods