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242 East 38th Street, 4-E

Murray Hill, Manhattan | Third Ave & Second Ave

Alcove Studio 1 BathCo-op

$400,000
Maintenance$1,100

Listing Features

  • Crown Moldings
  • Dressing Area
  • Entry Foyer
  • Windowed Kitchen

Outdoor space and views

  • East Exposure

Building Amenities

  • Virtual Doorman
  • Driveway
  • Elevator
  • Laundry Room
  • Renovated Lobby

Policies

  • Pets Allowed
  • Pieds A Terre Ok

Property Description for 242 East 38th Street, 4-E

Welcome to Residence 4E at 242 East 38th Street — an oversized alcove studio nestled on the fourth floor of a quiet and well-maintained cooperative in the heart of Murray Hill. This thoughtfully laid out home features an expansive living and dining area with ample space for a full-sized sofa, entertainment setup, and dining table, making it ideal for both relaxing and entertaining. The separate sleeping alcove comfortably accommodates a queen-sized bed, while the dedicated dressing area adds an elegant and functional touch to the layout. Additional highlights include abundant closet space throughout, providing exceptional storage rarely found in studio living. The cooperative offers the convenience of a live-in superintendent, on-site laundry facilities, and a pet-friendly policy. Perfectly situated near Grand Central Terminal, this centrally located home provides easy access to multiple transportation options, as well as an array of restaurants, cafés, and neighborhood conveniences right outside your door.

Listing History for 242 East 38th Street, 4-E

Now
08/26/2026
$400,000
Initial Price by Matthew Teitelbaum
Compass
2026

Building Details for 242 East 38th Street

OwnershipCo-op
Building TypeLow-Rise
Service LevelVirtual Doorman
AgePost-War
AccessElevator
Year Built1956
Financing Allowed80%
Floors/Apts6/41
Learn More About the Building

Transit and Citi Bike

Subway

Grand Central-42 St
0.27 miles
33 St
0.39 miles

Railroad

Grand CentralMetro-North Railroad
0.39 miles

Citi Bike

E 39 St & Lexington Ave
0.18 miles
1 Ave & E 38 St
0.19 miles

Ferry

East 34th Street
0.34 miles

Contact Agent

Contact Agent

1 Open House

Sunday, August 30, 2026
12:00 PM - 1:00 PM
View this property on the company's website

Building Availability

APPSF
Median
Average
-
$400,000
$400,000
Last 12 months
-
-
-
Last 12 months
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-
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AlcoveStudio in Murray Hill

APPSF
Median
Average
$1,117
$620,000
$594,118
$981
$520,000
$536,583
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.
OLR ID: 33447