242 East 40 Street
New York (Manhattan), NY 10016
Map
- 8 beds
- 7 baths
- 4,500 sqft
- $953 per sqft
- 1920 build
- – on site
4 Story Mixed Use Commercial and Residential Apartment Building in Murray Hill: Description: - 7 Residential Units - 1 Commercial - Property size 19 x 99 - Building 18×53. 7 Residential and commercial units - Approx. of 4500 ft.² - 3 Studio and 3 one bedrooms and 2 bedrooms apartments 242 East 40th Street wide four-story, mixed-use buildings located on East 40th Street between 2nd and 3rd Avenue. The building has development rights allowing for an additional 2000sf of residential space to be built (Need to be confirmed with your architect and design). The 1st, 2nd and 3rd floor, each floor has a studio and 1 BR residential. units, 4th floor has a 2 BR residential unit. One commercial unit on the half ground floor currently is a restaurant, it will be opened soon. The subject property consists of solid. paying tenants. The tenants all pay their own utilities, and the restaurants tenant pays a portion of the property RE taxes as well. The subject property has plenty of room to increase the rent income, expect CAP Rate could be up to 6.5%. Whether you need to be in the heart of Midtown, north of Manhattan or Long Island, this. incredible location is just steps from Grand Central and its massive transportation. options, select buses heading north, south and west as well as the Midtown Tunnel. Investors and pied-à-terre are welcome. Hide
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Last updated Jun 9, 2025
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MLS# 874436 —
The Building
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Year Built:1920
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Basement:true
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Construction Materials:Brick
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# of Total Units:7
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Building Area Units:Square Feet
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Building Area Total:4500
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Window Features:Wall of Windows
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Laundry Features:Outside
Interior
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Interior Features:Eat-in Kitchen
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Fireplace:false
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Flooring:Hardwood
The Property
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Property Type:Residential Income
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Property Subtype:Duplex
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Property Attached:true
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Additional Parcels:false
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Waterfront:false
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Water Access:No
Listing Agent
- Contact info:
- Agent phone:
- (917) 348-7912
- Office phone:
- (212) 300-6412
Taxes
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Tax Year:2024
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Tax Source:Municipality
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Tax Annual Amount:70730
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Tax Lot:41
Beds
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Total Bedrooms:8
Baths
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Full Baths:7
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Total Baths:7
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Natural Gas
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Cooling:Wall/Window Unit(s)
Utilities
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Sewer:Public Sewer
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Utilities:Electricity Connected
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Water Source:Public
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Electric Company:Con Edison
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Water Sewer Expense:5296
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# of Separate Gas Meters:2
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# of Separate Electric Meters:8
The Community
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Senior Community:false
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Additional Fees:No
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Pool Private:false
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Spa:false
Parking
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Garage:false
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Carport:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/6/25
Jun 6, 2025
|
Listed / Active | ONEKEY | $4,289,000 |
