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242 East 38th Street 2ANew York, NY 10016

For Sale

$498,000

Smart Buyer Rebate - Ask

  RARE ALCOVE STUDIO WITH CORNER TERRACE Coveted oversized alcove studio, one of only three apartments in the building with private outdoor space, enjoys sunny open exposures West and North across tree-lined 38th Street.  The large square-shaped living room easily accommodates multiple living arrangements and is adjacent to a king-sized sleeping alcove.  Both the kitchen and marble and subway tile bath are windowed.  The kitchen is outfitted with a mirrored backsplash, stainless appliances and plentiful storage, including a pantry. Closets have been reimagined with Elfa shelving and storage, including an expansive dressing room and home office with desk off the entrance gallery.  The twenty foot corner terrace with charming brick facade is the perfect spot for al fresco dining.  Additional niceties include high ceilings, white oak hardwood floors and blackout window treatments. Located 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.  

Listed by Daniel Ancel Kerin

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License #10401224654

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Kleier Residential Inc

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(212) 486-4860

Last updated September 06, 2025

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Source: REBNY #RLS20043241

Listing Facts

  • TypeCo-op
  • NeighborhoodMurray Hill
  • Bathrooms1
  • Days on Prevu20
  • HOA/Maint. Fees$1,253/month

Amenities

  • Private Outdoor Space

Location

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Listing History

08/18/2025
Listed by Kleier Residential Inc
$498,000

Estimated Closing Costs

Total
$9,500
Attorney Fees
$4,000
Bank Attorney
$1,500
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $498,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 242 East 38th Street 2A

Association

Amenities

  • Pets Allowed: Building Yes, No

Fees

  • Association Fee: $1,253.00 Monthly

Financial

  • Flip Tax: 2.0%
  • Flip Tax Remarks: 2% Of Purchase Price

Exterior

Construction

  • Number Of Units Total: 40
  • Property Condition: Good Condition
  • Stories Total: 6
  • Structure Type: High Rise
  • Year Built: 1955
  • Entry Level: 2

Features

  • Building Features: Elevator(s)
  • Patio And Porch Features: Terrace
  • View: City

Interior

Measurements

  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Rooms Total: 2

Other

Location

  • City Region: Manhattan
  • Subdivision Name: Murray Hill
  • Tax Block: 01824
  • Tax Lot: 0016

Based on information from Real Estate Board of New York and/or other sources. 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.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.